News

GOVERNOR SIGNS DEPARTMENT OF REAL ESTATE RESTORATION BILL

Published Thursday, October 26, 2017

Governor Brown has signed C.A.R.-sponsored SB 173 (Dodd) which would return CalBRE to its standing as the Department of Real Estate within the Business, Consumer Services, and Housing Agency (BCSH) under the Department of Consumer Affairs.

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Chicago Is A Top 10 Global Real Estate Investment Market Read more at: https://www.bisnow.com/chicago/news/capital-markets/chicago-is-a-top-10-global-real-estate-investment-market-80831?be=lcalarco%40realtors.org&utm_source=Newsletter&utm_medium=ema

Published Thursday, October 26, 2017

A confluence of young educated talent, a diverse economy, an ample supply of trophy assets and strong growth prospects propelled Chicago into a top 10 global real estate investment market. Chicago has $300B in investable real estate, according to research from CBRE, placing the City of Big Shoulders seventh globally and fourth nationally.

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C.A.R. SPONSORING 2018 PROPERTY TAX PORTABILITY INITIATIVE

Published Wednesday, October 25, 2017

At the October 2017 Board of Directors' session, the C.A.R. Board of Directors approved a motion to proceed with qualifying a statewide ballot measure which, if passed by the voters in November 2018, would allow homeowners age 55 and over to transfer their property tax basis from their current primary residence to a new primary residence anywhere in California, as many times as desired. 

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California pending home sales stall for third straight month in September

Published Tuesday, October 24, 2017

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.

 

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California housing market eases into fall homebuying season

Published Monday, October 23, 2017

- 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 September, dropping 11.2 percent from a year ago.

 

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CALIFORNIA HOME PRICES ON TRACK TO HIT A RECORD HIGH IN 2018

Published Friday, October 20, 2017

California’s five-year run of rising home prices is expected to last another three to five years, with median house prices on track to beat the record highs set during the housing bubble, a Realtor economist said.

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CALL FOR ACTION: REFORM OUR TAX CODE AND PROTECT MIDDLE CLASS HOMEOWNERS

Published Thursday, October 19, 2017

As a REALTOR® you have no doubt heard about tax reform plans from Washington, DC. Now Congress is threatening tax incentives for homeowners, like the mortgage interest deduction and the state and local property tax deduction. These incentives are critical for a strong housing market that creates jobs and builds stable communities. Do not let tax reform become a tax increase for middle class homeowners.

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New $1.2 million initiative aims to boost exports and foreign investment in Wisconsin

Published Thursday, October 19, 2017

Oct. 19, 2017 — The Wisconsin Economic Development Corporation (WEDC) and the University of Wisconsin-Oshkosh today announced a new $1.2 million statewide initiative aimed at boosting state exports and increasing foreign investment in Wisconsin.

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