News from CCAR, CAR, and NAR

CAR News
3 days 4 hours ago

REALTORS® have selected Bob Goldberg to succeed current NAR CEO Dale Stinton, who is retiring at the end of 2017 after 36 years at NAR and 12 as CEO. Goldberg currently serves as NAR senior vice president of Sales & Marketing, Business Development & Strategic Investments, Professional Development and Conventions.

NAR's leadership team chose Goldberg after an extensive national search. He has been with NAR since 1995 and will be NAR's 12th CEO since the association was...

CAR News
3 days 4 hours ago

REALTORS® have selected Bob Goldberg to succeed current NAR CEO Dale Stinton, who is retiring at the end of 2017 after 36 years at NAR and 12 as CEO. Goldberg currently serves as NAR senior vice president of Sales & Marketing, Business Development & Strategic Investments, Professional Development and Conventions.

NAR's leadership team chose Goldberg after an extensive national search. He has been with NAR since 1995 and will be NAR's 12th CEO since the association was...

CAR News
6 days 8 hours ago

For release:
June 20, 2017

California housing market bounces back in May as sales and median home price perk higher

- Existing, single-family home sales totaled 430,060 in May on a seasonally adjusted annualized rate, up 5.4 percent from April and 2.6 percent from May 2016.

- May's statewide median home price was $550,200, up 2.3 percent from April and up 5.8 percent from May 2016.

- At the regional level, the San...

CAR News
1 week 1 hour ago

C.A.R. opposes SB 231 (Hertzberg), a bill that would bypass voter approval requirement for property-related fee and tax increases. SB 231 would redefine the word "sewer" for the purposes of Proposition 218 (aka the "Right to Vote on Taxes Act"), which was approved by California voters in 1996. This will allow local governments to tax property owners directly for costs related to stormwater infrastructure projects without the legally required voter approval.

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CAR News
3 weeks 3 days ago

The state Assembly failed to act on AB 71 (Chiu), a bill that eliminates the mortgage interest deduction (MID) on second homes. C.A.R. opposed the bill and any attempt to limit or alter the mortgage interest deduction.

In advance of a possible floor vote in the Assembly, C.A.R. issued a series of Red Alerts, asking REALTORS® in targeted legislative districts to call their Assembly member to urge them to vote "NO" on the bill. Others were asked to help spread the word...

CAR News
3 weeks 3 days ago

The state Assembly failed to act on AB 71 (Chiu), a bill that eliminates the mortgage interest deduction (MID) on second homes. C.A.R. opposed the bill and any attempt to limit or alter the mortgage interest deduction.

In advance of a possible floor vote in the Assembly, C.A.R. issued a series of Red Alerts, asking REALTORS® in targeted legislative districts to call their Assembly member to urge them to vote "NO" on the bill. Others were asked to help spread the word...

CAR News
3 weeks 4 days ago

June is National Homeownership Month, a time to reflect upon the impact owning a home has on household wealth, neighborhood stability and the nation's broader economic health. The theme of National Homeownership Month 2017 is "Find Your Place in a New Era of Homeownership."

Today, U.S. Housing and Urban Development Secretary Ben Carson kicked off the month-long recognition by hosting an academic forum on the state of homeownership in the U.S. following the housing...

CAR News
3 weeks 4 days ago

June is National Homeownership Month, a time to reflect upon the impact owning a home has on household wealth, neighborhood stability and the nation's broader economic health. The theme of National Homeownership Month 2017 is "Find Your Place in a New Era of Homeownership."

Today, U.S. Housing and Urban Development Secretary Ben Carson kicked off the month-long recognition by hosting an academic forum on the state of homeownership in the U.S. following the housing...

CAR News
3 weeks 6 days ago

C.A.R. has issued a Red Alert in opposition to AB 71 (Chiu), a bill that would eliminate the mortgage interest deduction for second homes to fund an increase in low-income housing tax credits.

While C.A.R. supports increasing the amount of tax credits available for low-income housing, the association is OPPOSED to doing so at the expense of the mortgage interest deduction for second homes. AB 71 will be voted on by the entire Assembly as soon as...

CCAR News
3 weeks 6 days ago
Call Today! Floor Vote Could Be Tomorrow! C.A.R. is OPPOSING UNLESS AMENDED AB 71 (Chiu) a bill that would eliminate the mortgage interest deduction for second homes to fund an increase in low-income housing tax credits. While C.A.R. supports increasing the amount of tax credits available for low-income housing, the association is opposed to doing so at the expense of the mortgage interest deduction for second homes. AB 71 will be voted on by the entire Assembly as soon as TOMORROW – Wednesday...