Wednesday, June 30th, 2010NAR has created a 3-minute animated video explains why protection of the trademark “REALTOR®” is so important and how you can tell immediately if you are using the term appropriately.
The term REALTOR® is not only a trademark [...]
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This past Friday night, SAR let its hair down and partied into the night with the Indus Valley American Chamber of Commerce. A joint-chamber affair, this dinner/dance attracted nearly 250 local business owners and professionals from all over the region. Front and center at the event was SAR Leadership, including SAR President Barbara Harsch [...]  Steve Goddard - 2010 C.A.R. President Dear C.A.R. Member, Agent Reboot and Real Estate Connect San Francisco are quickly approaching. As you plan your schedule for these back-to-back industry shows July 12-15 in San Francisco, don’t forget to stop in for the dynamic C.A.R.-sponsored afternoon sessions at Agent Reboot. Agent Reboot – July 12 Join other real estate agents for a new day-long program specifically designed to help you learn how to use the latest technologies and marketing techniques for better business results. C.A.R. will also be hosting four afternoon sessions:
Other topics presented by Inman News at Agent Reboot will include:
Continue reading: Join C.A.R. at Agent Reboot in San Francisco on July 12 Steve Goddard - 2010 C.A.R. President Dear C.A.R. Member, Big news to report from our board of directors’ meeting in Sacramento: On Saturday, June 12, the C.A.R. board of directors voted to approve a new structure for the statewide MLS that will merge the efforts of calREDD® with the Multi-Regional Multiple Listing Service Inc. (MRMLS). This joint effort supports and is in line with the principles that have guided our efforts throughout the process of building a statewide MLS. The new structure will create one dynamic MLS provider serving more than 33,000 real estate professionals and 22 REALTOR® associations statewide. It’s a huge stride forward for our members — combining our respective strengths and resources will significantly accelerate our shared vision and position the new entity to deliver even more expanded and efficient MLS services to you. You’ll have expanded access to MLS information, greater exposure for your listings, and eventually will be able to select either the calREDD® software system or the Tarasoft Matrix platform currently in use by MRMLS. You should expect to see even more choices and increased services over time. Your Association will remain both a member and a fundamental part of the new entity, and will continue to have the right to approve actions such as merger, dissolution or sale of assets, changes in the purpose of the new entity, and changes in the board composition. calREDD® and MRMLS will work closely during the transition to the new entity to ensure there are no disruptions in service, the needs of members continue to be met, and associations scheduled to join calREDD® are seamlessly added to the system. The Amador Association of REALTORS® is on schedule for a June 21 launch, followed by the Tehama Association of REALTORS® on June 28. Continue reading: Your June Message from C.A.R. President Steve Goddard  What is my favorite season? Well if you know me at all, you will know what the answer is – Baseball season! And on that note, one of my absolute favorite YPC events from last year was our Sacramento Rivercats Tailgate Party and Game. Last year, we raised over $1000 for the Sacramento Moral [...]
Continue reading: zipForm(R) 6 Professional for DRE Credit. Enroll Now! The Commercial Real Estate marketplace is in for a change… everyone sees it coming but NO one knows what will happen. Join Real Estate Attorney Christopher Hanson, CCIM as he offers his perspective on where the opportunities hide in this dynamic market and [...]
Continue reading: Distressed Properties course coming this month to Sacramento! Enroll Today! The Sacramento median sales price reached levels not seen since September 2008. Before the initial decline from the Sacramento high of $392,750, the last time this sales price was reached was in early 2002. This graph showcases the rise, fall and current median sales price of Sacramento County. May home sales increased 12% from 1,536 in April to 1,720. Year to year, the current figure is .08% below the 1,733 units reported in May 2009. Conventional sales – non REO or short sales – continue to rise, making up 41.1% (707 units) of all sales this month. This is 6.1% more than the 606 REO units sold (35.2%) Short sales round out the remainder of sales, accounting for 23.7%, or 407 units, of the total. Conventional sales have shown a steady increase, rising 16.3% from May 2009. Compare the current figures to last May, where REOs, short sales and conventional sales accounted for 60.6%, 14.6% and 24.8% of total sales, respectively. The median sales price continued to increase, rising 2.7% from $185,000 to $190,000. The current figure is 5.6% higher than the $180,000 median price last year. The $200,000 – $249,999 price range mode accounts for a majority (18% or 309 units) of the 1,720 total sales this month, while homes under $100,000 totaled 176 (10.2%) units. This is down 2.8% percent from last month. The Total Listing Inventory has recently been split up to more accurately display the current market. Active Listings numbered 4,189 properties and Active Short Sales Contingent showed 2,429. Active Short Sale Contingent properties are short sale properties on which initial offers have been made and are not entirely “active.” After breaking down Total Listing Inventory, we find that the Housing Market Supply figure is more accurately reflected. Month to month the Housing Market Supply figure did not change, staying at 2.4 Months. This figure represents the amount of time – in months – it would take to deplete the Active Listing Inventory (4,189) given the current number of closed escrows (1,720). According to MetroList® MLS data, the average home spent 54.6 days on market (from the time it was listed to the time escrow was opened) and was 1,701 square feet. Of the 1,720 sales this month, 175 (10.1%) had 2 bedrooms or fewer, 934 (54.3%) had 3 bedrooms, 474 (27.5%) were 4 bedroom properties and 137 properties (7.9%) had 5+ bedrooms. Continue reading: Median Sales Price Ticks Upwards, Sales Volume Picks Up The SAR Housing Opportunities Committee has developed an exciting new program to provide grants to qualified homebuyers using an EEM. The program needs a catchy name. Post your suggestions on SAR’s Facebook page by 4:00pm, June 8. The winner will receive a $50 gift card to Chevy’s Fresh Mex Restaurant and recognition [...] |
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