For release:February 12, 2014 Housing affordability stabilizes in fourth quarter as home price increases slow LOS ANGELES (Feb. 12) – As home price gains eased back toward the end of 2013, California's housing affordability held steady in the fourth quarter of 2013, following six consecutive quarters of declines, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported. [...]

C.A.R. CEO Joel Singer was named by Inman News as one of the 100 most influential real estate leaders of 2014. The annual award recognizes those who embody leadership, ingenuity, strength, conviction, power, persistence and progress and whose voices and actions are moving the industry toward change. Joel Singer has held the Association's top staff [...]

The Dept. of Housing and Urban Development (HUD) announced that the temporary loan limits it established as part of the Housing and Economic Recovery Act of 2008 will expire Dec. 31, 2013. The loan limits for high-cost areas, which were temporarily raised to $729,750, will be reduced to the FHA permanent limit of $625.500 beginning [...]

For release:December 4, 2013 IRS and California Franchise Tax Board declare California distressed home sellers not liable for federal or state income tax on short sales LOS ANGELES (Dec. 4) – The CALIFORNIA ASSOCIATION OF REALTORS®' (C.A.R.) announced today it received a letter from the California Franchise Tax Board (FTB), obtained by Board of Equalization [...]