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Housing Opportunity Committee Creating Inventory When there isn’t Any

On May 8, SAR’s Housing Opportunity Committee presented a Lunch and Learn entitled “Guts & Glory: the Story of Inventory.” Panelists discussed ways to create inventory when it seems there are no houses for sale. Open houses can be a useful tool to get neighbors thinking about getting into the market. Open houses may seem [...]

Report from May 2013 C.A.R. Meetings

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The Board of Directors of the California Association of REALTORS® meets three times per year to set policy and conduct the business of the Association. The most recent meetings were held May 1 – 4, 2013 at Sacramento, CA. Some of the more significant actions taken are as follows:

The appointment for Trustees for the [...]

Home Values in the Circle Game… Again!

Larry Challis

Remember Joni Mitchell’s lyrics of “We’re captive on a carousel of time. We go round and round and round in the circle game.”? We are in the middle of another major real estate cycle. Arguably this one started back in the uncertain days following 9/11. Since 2001 we have ridden the merry go round to [...]

C.A.R. Sees Continuing Housing Recovery for 2013

Download C.A.R. Economic Forcast

The worst of the recession is over but recovery will continue to be sluggish, Sara Sutachan, C.A.R. economist told Sacramento REALTORS® on February 5.

Speaking to a full house at the February Main Meeting, Ms. Sutachan outlined overall signs of improvement in the economy [...]

We’re Back – President’s perspective for February 2013

Chris Little

When real estate really tumbled in 2007 and 2008, I remember hearing from the pundits that it could well be 2012 or 2013 before real estate came back. Well, here we are in 2013 and it looks like real estate may be back.

Nationally, sales of existing homes will rise about 7.2 percent in 2013 [...]

Watch Out Landlords and Property Managers – the Rules are Changing

Christopher Hanson

The California Legislature has been active again in the real estate area. Several new laws will impact landlord-tenant matters, whether self-managed or professional property managers. We will look at them in the order in which they would be encountered in the normal landlord-tenant transaction.

Senate Bill 1191 provides that a landlord that has an outstanding [...]

Owning a Home is Still the American Dream!

The National Association of REALTORS® conducted a study in which 87% of those polled cited owning a home as the number one criterion for defining the “American Dream – The Good Life.”

Owning your own home provides a sense of security for you and your family. It’s a place to create traditions and make wonderful [...]

Charitable Foundation – the Next Step in Philanthropy

The new SAR Charitable Foundation will help SAR extend its philanthropic efforts.

In the words of Paula Swayne, Treasurer of the Charitable Foundation: “REALTORS® are deeply committed to the community and the neighborhoods in which they specialize. Part of their involvement in the community is supporting causes that enhance the lives of the people inhabiting [...]

Despite Downturn, Homeownership Appeal Remains Strong

Greg Bisi

A Joint Center for Housing Studies at Harvard University report says despite record-poor housing market performance over the past few years, homeownership appeal remains strong.

The report, Post-Recession Drivers of Preferences for Homeownership, by Rachel Bogardus Drew and Christopher Herbert, said nearly all variation in views on home owning among survey respondents could be explained [...]

The Mortgage Business is Always Changing

Greg Bisi

There is a glimmer of optimism about jobs — an increase in job openings, pointing to more hiring ahead. Despite new job creation slowing to a crawl in recent months, openings — both from new jobs and the need to replace workers who are retiring or changing jobs — are 17% higher. From March to [...]