C.A.R. President Kevin Brown responded to a Wall Street Journal editorial last week on housing finance reform. The editorial suggests that higher loan limits are not needed and that at a current limit of $625,500, with a 20 percent down payment, a buyer could purchase a home costing $780,000, "a mansion in most places." The [...]

For release:April 7, 2014 California REALTOR® ad campaign spotlights ripple effect of real estate; Homeownership has powerful impact on economy LOS ANGELES (April 7) – "What starts with one California REALTOR® benefits all of California." That's the underlying sentiment of the CALIFORNIA ASSOCIATION OF REALTORS®' (C.A.R.) integrated consumer ad campaign, launching today on NBC stations [...]

For release:April 3, 2014 U.S. ranks as top destination for international home buyers, C.A.R. survey finds Los Angeles, Orange, San Diego, Riverside, Contra Costa, Santa Clara counties rank tops in California LOS ANGELES (April 3) – Viewing the country as a safe place to put their money, international home buyers preferred purchasing properties in the [...]

Housingwire: Top 20 metros with the largest foreclosure rates By Trey Garrison Foreclosure filings hit a seven-year low in February 2014, according to RealtyTrac's monthly foreclosure report. There were 112,498 foreclosure filings in February, a 10 percent decrease from January and a 27 percent drop from the same time in 2013. Los Angeles Times: Mortgage [...]