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CAR

Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is one of the largest state trade organizations in the United States, with nearly 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Contact:

Los Angeles - Executive Office:
525 South Virgil Avenue
Los Angeles, CA 90020-1403
Phone: (213) 739-8200
Fax: (213) 480-7724

Media:

Mark Giberson
Phone: (213) 739-8304.

California pending home sales bounce back in October

Pending home sales bounced back from the previous month at the statewide level in October, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Pending sales were also significantly higher on an annual basis, portending higher closed escrows in the next couple of months

California pending home sales a mixed bag in September

Pending home sales results varied across California in September, decreasing statewide and in Southern California, but increasing in the Central Valley and San Francisco Bay Area, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. All regions recorded year-over-year improvements, though.

California’s housing market returning to normalcy as year ends

LOS ANGELES - January 19, 2015 - (RealEstateRama) -- California’s regional housing markets ended the year with mixed results as statewide home sales inched up from a year ago for the first time in nearly a year and a half, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

California pending home sales cool down in November

LOS ANGELES - December 24, 2014 - (RealEstateRama) -- California’s pending home sales slowed down in November as seasonal factors kicked in and shrinking housing affordability remained an issue, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

Baby boomers still play active role in housing market, C.A.R. survey finds

LOS ANGELES - December 23, 2014 - (RealEstateRama) -- As the wealthiest generation and the first to drive the housing market, baby boomers will continue to be a pillar of the housing market, according to a 2014 CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) survey of California baby boomers* (born between 1946 and 1964)

More home buyers turning to social media in home-buying process, REALTOR® survey finds

LOS ANGELES - June 30, 2014 - (RealEstateRama) -- Reflecting the proliferating use of social media in today’s society, more home buyers are turning to social media in the home-buying process than ever, according to the CALIFORNIA ASSOCIATION OF REALT...

Equity home sales near 90 percent of all home sales, while pending home sales...

LOS ANGELES - June 24, 2014 - (RealEstateRama) -- Higher home values continued to fuel more equity home sales, which have made up more than 80 percent of all home sales for the past 11 consecutive months.  Meanwhile, pending home sales fell in May as ...

California home sales and price gains temper in May as buyers confront housing affordability...

LOS ANGELES - June 17, 2014 - (RealEstateRama) -- California home sales eased slightly in May as a shortage of homes and housing affordability concerns held back would-be home buyers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.  Mean...

MyNHD Integrates with zipForm®

LOS ANGELES, CA - August 5, 2013 - (RealEstateRama) -- Real Estate Business Services® Inc. (REBS®), a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS®, today announced MyNHD, Inc. as the latest service provider to partner with zipForm®, making...

C.A.R.’s 2013 Investor Survey Results

LOS ANGELES, CA - July 25, 2013 - (RealEstateRama) -- Investors have played a key role in the California housing market recovery for the past four years. Low mortgage rates, attractive home prices, and low yields on alternative assets have fueled dema...

June pending and distressed home sales report

LOS ANGELES, CA - July 24, 2013 - (RealEstateRama) -- The share of equity home sales in California continued to expand in June, comprising four of every five home sales, thanks primarily to a drop in distressed sales. Meanwhile, sales of REOs fell into...

Mobile technology dominates home buying process, REALTOR® survey finds

LOS ANGELES, CA - July 18, 2013 - (RealEstateRama) -- Demonstrating the proliferation of mobile technology into nearly every facet of our lives, more than eight out of 10 home buyers are accessing home information on their smart phones and computer tab...

June home sales ebb, as median home price continues upward trend

LOS ANGELES, CA - July 16, 2013 - (RealEstateRama) -- California home sales pulled back in June as home prices continued to climb, with most regions posting healthy double-digit year-over-year gains and the statewide median price maintaining above the ...

C.A.R.’s statement on the “Housing Finance Reform and Taxpayer Protection Act”

LOS ANGELES, CA - June 27, 2013 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) today issued the following statement on the “Housing Finance Reform and Taxpayer Protection Act,” proposed yesterday by Sens. Bob Corker and...

Equity home sales post higher in May; share of REO sales in single-digits for...

LOS ANGELES, CA - June 25, 2013 - (RealEstateRama) -- The share of equity home sales in California continued to grow in May, making up nearly four of every five home sales. Meanwhile, sales of REOs fell into the single-digits for the second straight m...

Bolstered by strong sales in higher-priced regions, California median home price records largest...

LOS ANGELES, CA - June 18, 2013 - (RealEstateRama) -- Strong sales growth in higher-priced markets and continued housing supply shortage pushed up California’s median home price in May, resulting in the largest year-over-year price gain in at least t...

California Senate Leadership seeks to punish homeowners and REALTORS® for opposing $75 recording tax

LOS ANGELES, CA - May 28, 2013 - (RealEstateRama) -- This morning the Senate Appropriations Committee approved Senate Bill 30 (R. Calderon), which would extend existing provisions of state law protecting homeowners from having to pay income tax on a "s...

Distressed sales continue downward trend; underwater homes gaining equity, C.A.R. reports

LOS ANGELES, CA - May 22, 2013 - (RealEstateRama) -- Distressed home sales continued to decline in April, as previously underwater homes rose in value, and the share of REO sales registered in the single-digits for the first time in more than five year...

California home sales and prices spring higher in April; median price posts five-year high

LOS ANGELES, CA - May 16, 2013 - (RealEstateRama) -- Fueled by high demand and tight inventory, California home sales and prices both experienced strong increases in April, with the median price surpassing the $400,000-mark for the first time in five y...

C.A.R. offers free home buyers fair to help prospective home buyers prepare for homeownership

LOS ANGELES, CA - May 13, 2013 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) will host a free “Endeavor to Achieve Homeownership Home Buyers Fair” to help prepare prospective first-time home buyers enter the California hou...

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Affordable Housing Comes to U Street with the Funding of Portner...

On July 7th, the District of Columbia Housing Finance Agency (DCHFA) closed on the financing of an affordable housing development in one the District’s most sought after neighborhoods, the U Street Corridor. The Agency issued $27 million in short term DCHFA tax exempt bonds providing a portion of the funding for the acquisition of Portner Place and construction of Portner Flats (1440-1450 V Street, NW) located in Ward 1, one block west of The Frank D. Reeves Municipal Center at 14th and U Streets, NW

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MBA Statement on Freddie Mac’s Credit-Risk Transfer Offering

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement on Freddie Mac's new credit-risk transfer offering: "MBA appreciates Freddie Mac's efforts to bring more private capital into the market through the credit-risk transfer offering they recently announced. In this early stage of the credit risk transfer market, it is important to experiment with different transactions and structure types to evaluate their long term economic and competitive impact.