C.A.R. Disaster Relief Fund

August 26, 2020 15:02 | San Diego Realtist for Democracy in Housing (Administrator)

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Ready to Help: C.A.R. Disaster Relief Fund

 

Housing assistance grants are available to those who have lost their home due to wildfires.  Thanks to generous contributions from C.A.R., state and local REALTOR® associations and other contributors, grants are available for REALTORS®, employees of REALTORS® and association staff directly affected by the fires.  Please help us continue our efforts by making a tax-deductible contribution to the CALIFORNIA ASSOCIATION OF REALTORS'® Disaster Relief Fund.

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SBA to Offering Assistance to California Businesses Residents Affected by Wildfires

 

In consideration of the public health concerns due to the coronavirus pandemic, the Small Business Administration has established a Virtual Business Recovery Center to provide personalized assistance to business owners. In addition, SBA will also open a Virtual Disaster Loan Outreach Center to help homeowners and renters.

These services are only available for the California disaster declaration as a result of the wildfires that began Aug. 14, 2020, and not for COVID-19 related assistance.

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Realtor.com Helps Homebuyers Understand A Property’s Flood Risk

 

To help consumers better understand flood risk and take necessary precautions, realtor.com now includes flood risk information on for-sale and off-market properties. Properties now display a Flood Factor™ from First Street Foundation, a nonprofit research and technology group, which is a score between one and 10 that represents its cumulative risk of flooding over a 30-year mortgage. Properties also display their FEMA Flood Zone, providing realtor.com® users with a comprehensive understanding of their flood risk.

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Update on Coronavirus Market Impacts

 

Buyer demand remains the bright spot in the housing market as low interest rates and a slowly healing economy combines with greater flexibility on where to live and the renewed importance of housing to strain a limited supply of homes. However, that dearth of inventory is expected to begin to weigh more heavily on closed transactions as we enter the winter and lead to a greater erosion in housing affordability that will prevent many would-be homeowners from taking advantage of historically low interest rates. As such, it is important to remind sellers about conditions on the ground to generate an increase in much-needed listings: prices are rising, homes are selling fast, and they’re near full asking price.

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All California REALTORS® are meeting up online in October.

What about you?

Teamwork Makes the Dreamwork Event Recording Now Available

 

If you missed yesterday’s teams panel with three top-producing team leaders, you’re in luck because the recording is now available for you to watch on demand. Whether you’re leading a team, on a team or considering joining a team, there are key takeaways for you and your business.

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Quickly Get Inspection Repair Cost Estimates

 

Clearing the inspection contingency can be a time-consuming task for agents. Porch, the newest partner to join C.A.R. Business Products, helps agents obtain accurate cost estimates for every home inspection report defect within 1-2 days using the Repair Estimate Report. Agents who use this service report they are closing faster and avoiding lengthy wait times for quotes. Take control of your clients’ inspection reports save 20% for being a C.A.R. member.

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C.A.R. Statement on Delay of New FHFHA Refinance Fee

 

C.A.R. issued a statement regarding the Federal Housing Finance Agency’s (FHFA) announcement to delay the implementation of a new fee on the loan amount for the majority of Fannie Mae and Freddie Mac refinance loans.

The FHFA planned to implement a new 0.5% fee on the loan amount for the majority of Fannie Mae and Freddie Mac refinance loans.


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