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C.A.R. Monthly Message from President LeFrancis Arnold

LeFrancis Arnold

Dear Daniel,

It’s been a busy month on the real estate front, with numerous bills being introduced or passed into law.

In early July, President Obama signed into law The Biggert-Waters Flood Insurance Reform Act of 2012 as part of a transportation funding bill. The legislation extends the National Flood Insurance [...]

Focus on Change

Patrick Lieuw

At a strategic planning session last year, someone commented, “Our Members need to understand, their old normal isn’t coming back.” That is one of the reasons this newsletter is focusing on change.

I am proud of how SAR works to help you keep up with change. Whether it’s classes on short sales or social media, [...]

New California Laws on Transmission Pipelines and Recording Fees

Starting July 1, 2013, every contract for the sale of residential real property must contain a specified notice regarding gas and hazardous liquid transmission pipelines. This notice informs buyers that the U.S. Department of Transportation maintains the general location of these pipelines through the National Pipeline Mapping System at

Low Inventory Continues to Hinder Market, Median Price Notches Up Slightly

The median home sales price moved up slightly for June to $170,229, a .9% increase from $168,750. The $200,000 – $249,999 price range still accounts for the majority of the 1,733 total sales this month (15.6% or 270 units), while homes under $100,000 totaled 279 (16%) units. Closed escrows from conventional financing (680 units or [...]

C.A.R.’s Mortgage Fraud Education Efforts

Dear Member,

Beginning in May, C.A.R. embarked on a multifaceted campaign to educate consumers about the growing trend in mortgage modification fraud. A nonprofit housing agency recently reported that attempts to scam struggling homeowners have climbed nearly 60 percent nationwide in 2012 alone. And with the [...]