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CALIFORNIA ASSOCIATION OF REALTORS®
789 followers -
A trade association representing nearly 160,000 REALTORS® in California..
A trade association representing nearly 160,000 REALTORS® in California..

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This new Tumblr blog features underwater borrowers. Would you share and recommend to any of your clients?
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The NATIONAL ASSOCIATION OF REALTORS® said Monday that its index of sales agreements rose 2 percent last month to a reading of 97. That's the highest reading since April 2010, the last month that buyers could qualify for a federal home-buying tax credit and the last time the reading was above 100. http://www.latimes.com/business/la-fi-pending-home-sales-20120227,0,2945732.story
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Pending home sales in California climbed in January from both the previous month and the previous year. Additionally, distressed home sales rose in January, comprising about half of all homes sold. http://on.car.org/zGSTYZ
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Heads up C.A.R. members: Our offices in Los Angeles and Sacramento will be closed Monday, Feb. 20 in observance of the President's Day holiday. All offices will reopen Tuesday, Feb. 21, at 8:30 a.m. C.A.R.'s Legal Hotline also will be closed Saturday, Feb. 18.

Calls to the Customer Contact Center and Legal Hotline will be returned after 9 a.m. on Tuesday, Feb. 21.

Have a great weekend!
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The first housing market numbers of 2012 are now available. California home sales declined from both the prior month and year in January. The median price also was lower, primarily due to a sales increase in the distressed market.
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California housing affordability improves, matching previous record high. More info available in our news release: http://on.car.org/xRaepo
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Hurry hurry! Only two more days for your clients to record a video and enter our “Stories of Home” contest. Take a look at some of the REALTOR®-love folks have already mentioned! Four lucky contestants will win a $500 Lowe's Home Improvement gift card. Check out the Stories of Home tab on our Facebook page to view the contest.
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Today marks the first day that the 2012 C.A.R. Leadership Team takes office! C.A.R. members, help welcome your 2012 Officers: LeFrancis Arnold, President; Don Faught, President-Elect; Chris Kutzkey, Treasurer; and Joel Singer, Chief Executive Officer/State Secretary.
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