News from CCAR, CAR, and NAR

7 weeks 5 days ago
CCAR is adopting the below NAR mandated MLS Rule changes to the MLS Rules & Regulations. These changes will take effect March 27th, 2018. 
MLS Rules & Regulations (Changes noted with strike-troughs and underlines)
4.1.1 Broker Participant. A broker participant is a participant who meets all of the following requirements:
a. The individual or corporation, for which the individual acts as a broker/officer, holds a valid California...
14 weeks 4 days ago

During the December meeting the Multiple MLS Group (MMG) approved the below changes to the MLS Rules & Regulations. These changes will take effect February 6th, 2018. 
MLS Rules & Regulations (Changes noted with strike-troughs and underlines)

12.16  Use of Listing Information on Internet [Also known as Internet Data Exchange (“IDX”)].  “Internet Data Exchange” (“IDX”) is a means by which listing brokers permit limited...

CAR News
23 weeks 5 days ago

For release:
November 7, 2017

C.A.R. installs 2018 Leadership team

LOS ANGELES (Nov. 7) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today installed its 2018 Leadership Team. Leading the team is C.A.R. President Steve White, a 31-year real estate veteran and broker in Southern California. Serving with White are President-elect Jared Martin, Treasurer Dave Walsh, and Chief Executive Officer Joel Singer. The 2018 officers begin their...

CAR News
25 weeks 5 days ago

For release:
October 24, 2017

California pending home sales stall for third straight month in September

LOS ANGELES (Oct. 24) – California pending home sales dwindled for the third consecutive month, suggesting that the housing market will slow as the end of the year winds down, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Entering the fall home-buying season, the housing market momentum waned as REALTORS...

CAR News
25 weeks 5 days ago

Call for Action: Reform our tax code and protect middle-class homeowners

Congress is threatening tax incentives for homeowners such as the mortgage interest and state and local property tax deductions. These incentives are critical for a strong housing market that creates jobs and builds stable communities. Don't let tax reform become a tax increase for middle class homeowners.

Homeownership is the bedrock of our industry and we need to make sure any tax...

CAR News
26 weeks 4 days ago

For release:
Oct. 18, 2017

California housing market eases into fall homebuying season

- Existing, single-family home sales totaled 436,920 in September on a seasonally adjusted annualized rate, up 2.2 percent from August and 1.7 percent from September 2016.
- September's statewide median home price was $555,410, down 1.8 percent from August and up 7.5 percent from September 2016.
- Statewide active listings continued to decline in...

CAR News
27 weeks 3 days ago

FOR RELEASE at 8 a.m., Pacific
October 12, 2017

C.A.R. releases its 2018 California Housing Market Forecast

Home sales and median price to increase in 2018 but at a slower pace

LOS ANGELES (Oct. 12) – With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018, though a shortage of available homes for sale and affordability constraints will be a...

CAR News
28 weeks 4 days ago

Two California REALTORS® who give back are earning kudos for their charitable efforts within their communities and beyond.

"It's amazing how the passion of this year's Good Neighbor Award winners spurs a ripple effect of generosity among others," says William E. Brown, National Association of REALTORS® president. "In addition to devoting thousands of personal volunteer hours and recruiting thousands of volunteer hours from others, this year's five winners...

CAR News
29 weeks 3 days ago

LOS ANGELES (Sept. 27) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to Republican leaders' tax reform plan announced today:

"The tax reform proposed by the Republican leadership will eliminate the incentive for people to buy homes, shrink the middle class, and raise taxes on hundreds of thousands of California homeowners," said C.A.R. President Geoff McIntosh. "The doubling of the standard deduction,...

CAR News
29 weeks 5 days ago

For release:
September 26, 2017

California pending home sales sputter for second straight month in August

LOS ANGELES (Sept. 26) – Even with a strong performance in August closed escrow sales, California pending home sales stalled for the second consecutive month, which suggests a softening in the housing market in the upcoming months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

As August marks the end of the peak...