Jolt Archives - Page 42 of 60 - CCARToday - Contra Costa Association of REALTORS

CA Housing Market Update & Forecast

As of October 30, 2021:
Most of the economic news is positive and California has made more progress down the road to economic recovery. Some positive trends continued to get better while some negative trends started to lose momentum.

There is even evidence that the housing market in California has begun to stabilize around what are expected to be the medium-term levels. However, interest rates have risen significantly from the first half of the year and the coronavirus, although avoiding a significant ramp thus far, is likely transitioning from pandemic to a lasting endemic with numbers that remain persistently high as we enter a new normal.
Read More >>

Looking into the Future…
C.A.R. Releases its 2022 CA Housing Market Forecast

The baseline scenario of C.A.R.’s “2022 California Housing Market Forecast” sees a decline in existing single-family home sales of 5.2 percent next year to reach 416,800 units, down from the projected 2021 sales figure of 439,800. The 2021 figure is 6.8 percent higher compared with the pace of 411,900 homes sold in 2020. California housing market to remain solid if pandemic is kept under control, but structural challenges will persist:

Existing, single-family home sales are forecast to total 416,800 units in 2022, a decline of 5.2 percent from 2021’s projected pace of 439,800.
California’s median home price is forecast to rise 5.2 percent to $834,400 in 2022, following a projected 20.3 percent increase to $793,100 in 2021.
Housing affordability is expected to drop to 23 percent next year from a projected 26 percent in 2021.

Read More >>

Weekly Jolt – 110221

CONTRA COSTA ASSOCIATION OF REALTORS^®

WEEKLY NEWSLETTER | NOVEMBER 2, 2021

Click a title below to view detailed contents by topic.
Education contains a list of upcoming classes.

CA Housing Market Update & Forecast

As of Oct. 30, Most of the economic news is positive and California has made more progress down the road to economic recovery. Some positive trends continued to get better while some negative trends started to lose momentum. There is even evidence that the housing market in California has begun to stabilize around what are expected to be the medium-term levels.

C.A.R. Releases its 2022 CA Housing Market Update…

Recognize Excellence:
Submit Your CCAR Award Nominations Today!

Every year CCAR honors distinguished members with awards for their outstanding service to the industry, association and community. Recipients are nominated by fellow members and executives, then confirmed by the Board of Directors. Awards will be presented at CCAR’s annual inaugural event on January 11, 2025.

2023 Recipients:
REALTOR® of the Year:
Tyra Wright
Affiliate of the Year:
Kim Falahati
President’s Community Service Award:
Ruthie Abelson Olivas
Emeritus Member:
Carylon Dopp

REALTOR® of the Year Form >>
Affiliate of the Year Form >>
Community Service Award Form >>

Read More »

LAPTOPS ON SALE:

MLS UPDATE:

Upcoming Paragon Enhancements – Nov. 10

On November 10th updates will be made to the Paragon 5 MLS system to improve functionality including:
1. Default Quick Search Update (Listing Agent & Buyer Agent)
2. Lots & Land Assessment Field Option “Unknown”
3. Paragon Statistics Visibility
4. Resources Menu Layout

Read More »

MLS Rules & Regulations Changes – Nov. 29

Effective November 29 changes to the following MLS Rules & Regulations go into effect. These changes are being made to provide further clarification for how “Coming Soon” listings function within the MLS. Changed MLS Rules include: 7.5.1 Mandatory Submission, 9.1.1 Showing Access, 10.1 Statuses, and 10.1.1 Coming Soon Listings.

Read More »

MLS Rules & Regulations Changes – Nov. 29

Effective November 29th, 2021 the following MLS Rules & Regulations changes go into effect. These changes are being made to provide further clarification for how “Coming Soon” listings function within the MLS.

Additions, deletions, and changes are in red font.

7.5.1 Mandatory Submission.
(a) Clear Cooperation. Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public-facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public. The public would include anyone outside the broker(s) and agent(s) licensed within a single listing brokerage and their clients.

9.1.1 Showing Access. Properties entered into the system must be available to show within 3 days subject to any tenant’s rights, hazardous conditions or unless seller indicates otherwise in writing. Listings within the Coming Soon Status must clearly state in the Confidential Remarks seller’s instruction as to whether showings will be permitted or not. If showings are not permitted, showings are not allowed for any Subscriber nor by the listing agent. If showings are permitted, the listing agent may show and must allow showings by any Subscriber. Agent must indicate any change to the seller’s instruction in the MLS accordingly.

10.1 Statuses
Coming Soon (CS) – A valid listing contract exists and a SELM has been filed with the MLS. Remains in status for 30 days after which it becomes Cancelled – Coming Soon. Days on MLS will not start counting until published as an “Active” listing. “Coming Soon” is defined as a temporary, optional starting status that can be selected by listing agent. This applies if publicly marketed.

10.1.1 Coming Soon Listings. It shall be the responsibility of the Broker Participant (Section 4.1.1) and Real Estate Subscriber (Section 4.2.1) to follow said rules when placing a property in the Coming Soon section of the multiple listings service (MLS). Broker Participant and Real Estate Subscriber shall only place a property in the Coming Soon section of the MLS if the Participant/Subscriber has met necessary criteria for MLS input as described Sections 7.5, 7.6 and 8.1.

Participant/Subscriber is required to enter a proposed list date to proceed in placing a listing in the Coming Soon section of the MLS. Once the listing moves from Coming Soon to any Active status it cannot revert back to Coming Soon with that same broker.

It is optional to place your listing into the a Coming Soon Status.
Listing agent must have a signed written listing agreement in place to enter a “Coming Soon” listing which explains the limitations of the “Coming Soon” status.
The MLS requirement of unilateral offer of compensation still applies while in “Coming Soon” status.
The Coming Soon listing will automatically be placed in a “Withdrawn Coming Soon” after 30 days of entry.
Coming Soon listings will be viewable to all MLS Participants.
Coming Soon listings will not be syndicated out to other websites.
Coming Soon listings will not be included in the IDX and RETS feeds.
Coming Soon listings are only searchable within the Paragon MLS.
Once a listing has been moved from Coming Soon to Active status by the agent, it cannot revert to Coming Soon with that same broker.
Days on Market (DOM) re-sets when status is changed to Active. Cumulative Day on Market (CDOM) continues counting from the time entered into the MLS. Only when a property has been off the market (Canceled or Expired) for more than thirty (30) days will the days (DOM and CDOM) on the listing start at zero (0).
If you have any questions please contact CCAR MLS Compliance at [email protected] or 925.295.1270

Weekly Jolt – 102621

CONTRA COSTA ASSOCIATION OF REALTORS^®
WEEKLY NEWSLETTER | OCTOBER 26, 2021

Click a title below to view detailed contents by topic.
Education contains a list of upcoming classes.

Top News

• A Message From The President
• Fire Hardening & Defensible Space Training – Oct. 27
• CCAR Award Nominations Due Next Friday – Nov. 5

MLS Updates

• Upcoming Paragon Enhancements – Nov. 10
• MLS Rules & Regulations Changes – Nov. 29

Education

Anatomy of a Lawsuit: Seller’s Risk
Wed., Oct. 27 | 10:00 – 11:00am

CA. Residential Disclosure Forms
Wed., Oct. 27 | 10:00am – 1:00pm

RateMyAgent Training
Thu., Oct. 28 | 10:00 – 10:30am

What’s Next After the CA. 2020-21 Housing Boom?
Thu., Oct. 28 | 10:00 – 11:00am

Sending Auto-Notifications using Collab Center
Thu., Oct. 28 | 2:00 – 4:00pm

License Renewal Crash Course (REVEI)
Fri., Oct. 29 | 9:30am – 12:30pm

Intro to Glide and Disclosures
Mon., Nov. 1 | 11:00am – 12:00pm

Marketing with Social Media
Tue., Nov. 2 | 12:00pm – 1:00pm

NAR presents: Getting from Agent to Broker
Wed., Nov. 3 | 11:00am – 12:00pm

Generate CMAs with RPR®
Wed., Nov. 3 | 11:00 – 11:45am
Click here to request 1:1 CCAR Training.
Visit the CCAR Calendar to view/register for additional online training opportunities.

+ CCAR CALENDAR

SAVE The Date: YPN’s Outdoor PIZZA & BEER MIXER – Dec. 1

Join CCAR YPN at Primo’s Pizza in Danville for their first in-person event of 2021 from 4 – 6pm on Dec. 1st! Enjoy a fantastic evening outdoors: networking, socializing, and… pizza and beer (or wine)! Advance tickets: $10, At the door: $15. Venue limit is 100 people.
REGISTER >>

Woman’s Council of REALTORS^®
FASHION SHOW – Nov. 19

REGISTER >>

A Message From The President

Watch as CCAR President Greg Souza reminds you that NAR requires all REALTORS® to complete 2.5 hours of ethics training every three years (current cycle: 2019-2021). Failure to complete the required training may result in suspension of all Board/Association privileges.
Even if you had your Continuing Education requirement waived by the California DRE due to the 70/30 Exemption, you must still complete the NAR ethics training requirement unless you have earned NAR Emeritus status.
CHECK STATUS & VIEW TRAINING OPTIONS >

Fire Hardening and Defensible Space Advisory Training Tomorrow – Oct. 27

DID YOU KNOW… The 4.2 million acres burned last year in California is equivalent to the entire area of Contra Costa, Alameda, Solano, Napa, Santa Clara, San Mateo, San Francisco, and San Joaquin counties combined! Learn from C.A.R.’s Assistant General Counsel, Gov Hutchinson, on the Home Hardening Disclosure Law and the required FHDS forms tomorrow, October 27 from 1:30 to 2:30pm. FREE for CCAR members, $25 for Non-Members.

Read More »

Recognize Excellence:
Submit Your CCAR Award Nominations Today!

Every year CCAR honors distinguished members with awards for their outstanding service to the industry, association and community. Recipients are nominated by fellow members and executives, then confirmed by the Board of Directors. Awards will be presented at CCAR’s annual inaugural event on January 11, 2025.

2023 Recipients:
REALTOR® of the Year:
Tyra Wright
Affiliate of the Year:
Kim Falahati
President’s Community Service Award:
Ruthie Abelson Olivas
Emeritus Member:
Carylon Dopp

REALTOR® of the Year Form >>
Affiliate of the Year Form >>
Community Service Award Form >>

Read More »

LAPTOPS ON SALE:

MLS UPDATE:

Upcoming Paragon Enhancements – Nov. 10

On November 10th updates will be made to the Paragon 5 MLS system to improve functionality including:
1. Default Quick Search Update (Listing Agent & Buyer Agent)
2. Lots & Land Assessment Field Option “Unknown”
3. Paragon Statistics Visibility
4. Resources Menu Layout

Read More »

MLS Rules & Regulations Changes – Nov. 29

Effective November 29 changes to the following MLS Rules & Regulations go into effect. These changes are being made to provide further clarification for how “Coming Soon” listings function within the MLS. Changed MLS Rules include: 7.5.1 Mandatory Submission, 9.1.1 Showing Access, 10.1 Statuses, and 10.1.1 Coming Soon Listings.

Read More »

CCAR Receives $50K HAF Grant to Benefit First-Time Black Home Buyers

CCAR recently received a C.A.R. HAF (Housing Affordability Fund) grant for $50,000 that has been donated to the Richmond Community Foundation’s Black Wealth Builder Fund.

The Richmond Community Foundation’s Black Wealth Builder Fund, a local charitable foundation dedicated to building wealth and preserving economic equity in Black communities throughout Contra Costa and Alameda Counties. With these funds the Foundation will provide three no-interest loans of up to $15,000 for closing costs, down payment assistance, and other financial needs to ensure the close of escrow on a buyer’s first home; zero-interest loans are due at the time of sale or refinancing.
“In our community, homeownership rates for White households is almost double that of Black households. Black households are the only racial/ethnic group that experience consistent declines in homeownership,” said Jim Becker, President and CEO of the Richmond Community Foundation.
“Through the Black Wealth Builder Fund, we will be able to remove key financial barriers for Black households.”
To date, the Foundation has raised more than $140,000 that will benefit 19 new Black homeowners.
For more information about how to apply for funds, qualified first-time homebuyers should contact Niki Beasley or Cymone Goree at Neighborhood Housing Services of the East Bay: 510. 237.6459, and let them know they are interested in the First Time Home Buyer program.

SERVING YOU AT:

Search