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Legislatively, it’s looking to be a positive year for REALTORS® in California. The second year of the Legislature’s two-year session wrapped up in early September, and we have three sponsored bills sitting on the Governor’s desk as of this writing. Senate Bill 1178 (Corbett) will extend anti-deficiency protections to homeowners who have refinanced “purchase money” [...] Join the Sacramento Association of Realtors Young Professionals Council for the 2nd Annual Gala Event, The Masquerade Ball! The first 50 people who sign up and pay in advance get a free feathered mask at the door! For just $35 you can enjoy food from Tokyo Fro, Zocalo, and BJ’s Brewery (and more restaurants [...] 
The Sacramento Association of REALTORS®’ has become a perennial on the list of the top 25 area companies for corporate philanthropy, as compiled by the Sacramento Business Journal and published each April. SAR’s position at #15 in 2010, in the midst of mostly for-profit businesses and in the midst of a real estate downturn, is [...] September showed little signs of movement, keeping the Sacramento housing market relatively flat with sales volume decreasing 4.2% from 1,496 units to 1,433 units. Making up these sales were 547 REOs (38.2%), 362 short sales (25.3%) and 524 conventional sales (36.6%). These numbers have changes slightly month to month with REOs up 5.5% and short [...] Summer is over, kids are back in school, there’s a bit of a chill in the air these evenings and fall is just around the corner. Fall energizes me and always gets me enthused about contacting all of my past clients and people in my “sphere”– probably more so than at any other time of [...] 
Starting in 2011, C.A.R. will be adding a $49 assessment to dues billings. Reprinted here is the information that C.A.R. has posted on their website. Q. What is the new REALTOR® Action Assessment and when will it become effective? A. It’s a $49 assessment that will go into effect with the 2011 dues billing cycle. [...]
Steve Goddard – 2010 C.A.R. President Dear C.A.R. Member, No doubt you’ve heard the news recently that a number of major banks have volunteered to temporarily suspend foreclosures in 23 states and Bank of America is temporarily suspending foreclosures nationwide. While this situation is changing daily, I want to tell you [...] 
To: All REALTORS® From: Vicki Cox Golder, 2010 NAR President Date: October 12, 2010 Re: NAR Update: Foreclosures and Bank Meetings Dear fellow REALTOR®, Recently, there have been widespread reports of problems related to foreclosures. NAR has sent a letter to regulators expressing our concerns. We also have posted articles and talking points to help [...] 
CalHFA just brought back their FHA program as of September 7, 2010 It is a 96.5% of the sales price, 30-year fixed FHA loan not to exceed $417,000 loan amount. The borrower will need a 620 minimum (middle score of the three bureaus) credit score. Purchase money only loan. Requires homebuyer’s education for each borrower. [...] |
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Tuesday, October 26th, 2010
