Court Denies Legal Challenge to County’s Eviction Moratorium Ordinance

Posted by PSAR Communication on Jul 28, 2021 1:41:06 PM

The Pacific Southwest Association of REALTORS and many of our property managers and owners are financially supporting the Southern California Rental Housing Association's (SCRHA) efforts to seek an injunction preventing the county from implementing and enforcing its rental moratorium. The County has been ineffective at distributing the hundreds of millions of dollars received from the federal government for rent relief programs.  SCRHA is distributing the following press release: 

Court Denies SCRHA’s Legal Challenge to County’s Eviction Moratorium Ordinance; SCRHA Immediately Appeals Decision

Ordinance Threatens Safety, Quality of Life of Tenants; Livelihoods of Thousands of County Property Owners Who Provide Rental Housing.

SAN DIEGO (July 27, 2021) – Over a month after a decision was expected, a federal judge has finally issued a decision denying the Southern California Rental Housing Association’s (SCRHA) request for a preliminary injunction to prevent San Diego County from implementing or enforcing the San Diego County Emergency Eviction Moratorium Ordinance.

U.S. District Court Judge M. James Lorenz denied SCRHA's motion, citing the temporary nature and public interest of the ordinance. In his July 26, 2021 decision, Lorenz stated that it is beyond dispute that owners are impacted by the eviction moratorium, but he said in the ruling: “However, the harm they are suffering in terms of stress and emotional hardship will be short-lived, as the Ordinance is set to expire in the middle of August 2021.”
Within an hour of receiving the ruling on July 27, 2021, SCRHA filed an appeal with the U.S. Court of Appeals for the Ninth Circuit.

“We are greatly disappointed with this ruling, which leaves housing providers with no recourse to deal with renters who cause problems for their neighbors or who otherwise violate their agreements,” said SCRHA Executive Director Alan Pentico. “Bottom line: This is unfair to everyone. That’s why we will continue to challenge this extreme and unconstitutional law.”

“As housing providers, we believe in doing our part and serving our community. We were designated as essential workers during the COVID-19 pandemic – and we have continued to show up to maintain and operate our rental communities,” Pentico added. “Sadly, housing providers’ own rights have been trampled. It’s a shame that this court chose to minimize the real harm that the eviction moratorium is causing to housing providers and rental communities.”

The County’s Emergency Eviction Moratorium Ordinance indefinitely bans nearly all evictions within the County. The ordinance, which affects evictions within both the unincorporated areas of the County and within all local Cities, went into effect on June 3, 2021 – dramatically limiting the rights of property owners who rent out their homes, duplexes, condos, accessory dwelling units, or apartments to tenants.

SCRHA filed a lawsuit in U.S. District Court seeking an injunction against the ordinance, saying it threatens the livelihoods of thousands of county property owners – many of them independent, small “mom and pop” landlords – and strips them of their federal constitutional rights to use and control their own properties. Most troublingly, the ordinance fails to protect public safety because it doesn’t allow evictions of violent, lawbreaking or nuisance-creating tenants unless the landlord can prove an “imminent health and safety threat,” and it doesn’t allow financially stressed owners to move into their own homes. For more information, visit http://socalrha.org/evictionban.

The Eviction Moratorium Ordinance would end 60 days after all work-at-home and stay-at-home orders are lifted. The stay-at-home and work-at-home orders expired on June 15, 2021, making the ordinance’s tentative expiration date August 14, 2021, the ruling stated. However, the County’s motion had indicated the ordinance was set to expire on August 10, 2021.  For more information about the lawsuit look here.

PSAR encourages all property managers and housing providers to consider joining the SCRHA.  We partner with SCRHA to help protect private property rights.

legal flat

C.A.R, COVID LEGAL DOCUMENTS are available for addtional help

The C.A.R. COVID-19 forms are all available in zipForm® Plus in the C.A.R. forms library, and can be easily located by searching the library under the “COVID-19” category. Additionally, you can find the following Quick Guides and Legal Q&A’s on our website here:

 

Topics: Announcements, Brokers/Managers, Market Information, Industry

Breaking News: SCOTUS Upholds Property Rights

Posted by Communications on Jun 30, 2021 3:31:25 PM

supreme court house

High Court Says CDC Lacks Authority         Breaking News - June 30, 2021

In a 5-4 ruling Tuesday evening, the U.S. Supreme Court said the Centers for Disease Control and Prevention (CDC) lacked authority to implement a blanket, nationwide eviction moratorium.

Although the court declined to lift the ban immediately, the ruling means the current moratorium will expire at the end of July.

“This is a massive victory for property rights,” says NAR President Charlie Oppler.  “For more than a year, mom-and-pop property owners have been pushed toward financial ruin as they upkeep their properties and pay their taxes and mortgages with no income of their own.  With the pandemic waning and the economy improving, it is time to restore the housing sector to its healthy, former function.  Property owners also deserved this absolute clarity from our federal court system regarding property rights in America to avoid similar financial harm in the future.”

“This ruling keeps in place certainty for tenants for another month while bringing clarity to struggling housing providers.  It is now critical that the nearly $50 billion in rental assistance NAR helped secure gets out to those who need it most,” Oppler continues.

The eviction ban was first issued in September 2020 during President Trump’s term and was extended by President Biden several times through the end of July.

With the support of NAR, the Georgia and Alabama Associations of REALTORS® challenged the orders in federal court.

In May, a U.S. federal judge sided with housing providers, ruling the moratorium unconstitutional.  However, the judge issued a stay of her ruling pending appeal.
NAR Logo Fat

 

 

 

Topics: Announcements, Government Affairs, Industry

San Diego housing market takes a slight breather from buyer fatigue.

Posted by Rick Griffin on Jun 25, 2021 3:27:06 PM

blogbanner_200801_411

After months of breakneck market competition, the California housing market experienced a mild case of homebuyer fatigue in May with a slight decrease in home sales from April. However, home prices continued to increase in May, setting another record high.

According to the monthly home sales and price report from the California Association of REALTORS® (C.A.R.), home sales statewide on a seasonally adjusted annualized rate were down 2.7 percent in May 2021, when 445,660 homes were sold, compared to April 2021, when 458,170 homes were sold. However, homes sales increased 86.7 percent in May 2021, compared to May 2020, when 238,740 homes were sold on an annualized basis.

The sharp year-over-year sales jump was expected as the housing market was hit hard by the COVID-19 pandemic shutdown last year, when home sales dropped to their lowest level since the Great Recession.

The monthly number for closed escrow sales of existing, single-family detached homes in California is based on information collected from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2021 if sales maintained the May pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

In San Diego, home sales in May 2021 also were down 3.2 percent, compared to April 2021, but up 76.1 percent from May 2020.

May 2021 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)
blog_2106231_chart1
Meanwhile, home prices continued to increase in May 2021. Statewide, the median price for a single-family detached home inched up 0.5 percent from $814,010 in April 2021 to set a new record of $818,260 in May 2021. The figure marked a whopping 39.1 percent year-over-year increase since May 2020, when the statewide median home price was $588,070. The year-over-year price gain was the highest ever recorded, and it was the second straight month that the state recorded an annual increase of over 30 percent. 

Robust demand of higher-priced properties contributed to the record-setting statewide median price. With million-dollar home sales surging more than 200 percent from May 2020, its market share is nearly double what it was a year ago when it was at 15.6 percent. More million-dollar properties were sold in the past couple of months than homes priced below $500,000.          

In San Diego, the median price for a single-family detached home in May 2021 reached $851,000, which was 3.1 percent higher than the April 2021 price of $825,120 and 29.9 percent higher compared to the May 2020 price of $655,000.

“The overheated housing market is showing signs of a much-needed cooling and could be a sign of waning buyer interest as the torrid pace of home price increases and buyer fatigue adversely affected demand,” said C.A.R. President Dave Walsh. “We’re seeing many would-be buyers taking a break and hoping to see more listings as the economy reopens and prospective sellers list their homes for sale.”

“A lack of housing inventory continues to push up prices, and modestly higher interest rates, increased competition, and declining affordability have caused some buyers to become discouraged. Despite strong growth rates, the level of home sales has fallen on a monthly basis in four of the last five months,” said C.A.R. Vice President and Chief Economist Jordan Levine. “Additionally, pending sales data for May, which was virtually unchanged from April, suggests further slowing in coming months. Fortunately, new listings have finally started to rise, which could help to sustain a higher level of home sales deeper into summer by providing much-needed supply.”    

Other key points from C.A.R.’s May 2021 resale housing report included:

-- Home sales in May for all major regions in the state experienced at least a 44 percent year-over-year growth in sales in May, with the Central Coast notching the biggest jump at 111.8 percent and sales in all four counties in that region surging by more than 99 percent. The San Francisco Bay Area also increased in sales by triple-digits (104.6 percent) from last year, followed by Southern California (80 percent), the Far North (58.6 percent), and the Central Valley (44 percent).

-- Sales growth statewide in the higher-priced markets remained strong in May 2021, while home sales in the lower-end continued to be lackluster. Demand in the million-dollar segment increased by more than 200 percent year-over-year, with sales of homes priced $2 million and higher surging over 300 percent from a year ago. On the other hand, sales of properties priced below $300,000 continued to fall precipitously, with the year-over-year sales dropping 34 percent in May. Tight housing supply continues to be the primary factor constraining sales in the lower price segment.

-- Three out of five major regions reached new record high median prices in May, with each region growing more than 20 percent from a year ago. The San Francisco Bay Area had the highest year-over-year gain of 38.9 percent, followed by Southern California (33.1 percent), the Central Coast (32.6 percent), the Central Valley (27.1 percent), and the Far North (22.1 percent).

-- Active listings in California reached the highest level in six months after a 6.6 percent monthly increase in May and are expected to continue inching higher, following the seasonal pattern. Housing supply typically climbs during this time of the year and usually remains on an upward trend through late July and early August. The pace of growth on a month-to-month basis is on par with the average growth rate of 6.7 percent from April to May recorded between 2015 and 2019.

May 2021 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)

blog_210623_chart2

-- Statewide, the unsold inventory of available homes for sale improved slightly to 1.8 months in May 2021, compared to 1.6 months in April 2021, but remained sharply below last year’s level of 4.3 months for May 2020. The month-over-month rise in inventory is partly due a slight increase in housing supply, but a slowdown in housing demand in May also contributed to a bump in the index. Inventory levels measured in months indicate the number it would take for the available supply of homes on the market to sell-out given the current rate of sales.

-- In San Diego County, the inventory of available homes for sales in May 2021 improved slightly to 1.6 months, compared to 1.5 months in April 2021, but was sharply below the 3.5 months figure posted for May 2020.

-- The median number of days it took to sell a California single-family home hit another record low of seven days in May 2021, which was the same number in April 2021, down from 17 days in May 2020. The seven-day figure is lower than the eight days in March 2021, previously the lowest ever recorded. The eight-day figure compared to 10 days in February 2021, 11 days in January 2021, 11 days in December 2020, nine days in November 2020, 10 days in October 2020, 11 days in September 2020 and 15 days in March 2020. Prior to setting record low numbers this year, the previous statewide record was nine days in November 2020.

-- In San Diego County, the median number of days an existing, single-family home remained unsold on the market was seven days in May 2021. That number compares to six days in April 2021 and March 2021 and seven days in February 2021 and January 2021, as well as eight days in December 2020 and seven days in November, October and September 2020. The timeframe a year ago in May 2020 was 11 days.

-- The 30-year, fixed-mortgage interest rate averaged 2.96 percent in May, down from 3.23 percent in May 2020, according to Freddie Mac. The five-year, adjustable mortgage interest rate was an average of 2.62 percent, compared to 3.16 percent in May 2020.

Topics: Brokers/Managers, Market Information

Heated market and a shortage of homes for sale continue upward

Posted by Rick Griffin on May 23, 2021 7:00:00 AM

The California housing market reached a milestone in April that the San Diego market already has experienced.

The state’s median home price for an existing, single-family detached home exceeded the $800,000 benchmark for the first time ever in April 2021, according to the monthly home sales and price report from the California Association of REALTORS® (C.A.R.). The median price represents the point at which half of homes sell above a price, and the other half below it.

Heated market conditions and a shortage of homes for sale continued to put upward pressure on home prices in the state in April, driving California’s median price to $813,980, almost as high as San Diego’s April monthly figure of $825,120.

The statewide median home price set a new record high in April 2021, breaking the previous record set in March 2021. The statewide median home price of $813,980 in April 2021 was 7.2 percent higher compared to $758,990 in March 2021 and 34.2 percent higher when compared to the $606,410 figure for April 2020.

April 2021 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)
blog_210521_chart1

The year-over-year price gain was the highest ever recorded, and it was the first time since June 2013 that the state recorded an annual increase of more than 30 percent. 

San Diego’s median price for a single-family detached home of $825,120 in April 2021 was 3.1 percent higher than the median home price of $800,000 in March 2021 and 23 percent higher compared to $671,000 in April 2020.

Meanwhile, California home sales in April 2021 soared from last year’s pandemic-level lows with the start of the spring home buying season.

Home sales in the state increased on a monthly basis for the third consecutive month, rising 2.6 percent to 458,170 homes from 446,410 homes in March 2021 and up 65.1 percent from April 2020, when 277,440 homes were sold on a seasonally adjusted annualized basis. The statewide annualized sales figure represents what would be the total number of homes sold during 2021 if sales maintained the April pace throughout the year.

The sharp sales jump in April 2021 was expected following last year’s pandemic shutdown when home sales dropped more than 30 percent from the previous April.  Year-to-date statewide home sales were up 26.2 percent in April 2021.

In San Diego County, the number of home sales in April 2021 was 10.5 percent higher compared to March 2021, and 55.2 percent higher than April 2020.

“California continues to experience one of the hottest housing markets as homes sell at the fastest pace ever, with the share of homes sold above asking price, the price per square foot and the sales-to-list price all at record highs, while active listings remain at historic lows,” said C.A.R. President Dave Walsh, vice president and manager of the Compass San Jose office. “The high demand and shortage of homes for sale, driven by these market factors, continued to drive up home prices and shatter the record-high set just last month.”

“Not only do skyrocketing home prices threaten already-low homeownership levels and make it harder for those who don’t already have a home to purchase one, it also brings to question the sustainability of this market cycle,” said C.A.R. Vice President and Chief Economist Jordan Levine. “As vaccination rates increase and the state reopens fully, higher home prices will hopefully entice prospective sellers who have held off putting their homes on the market during the pandemic to feel more comfortable listing their homes for sale, which would alleviate pressure on home prices.”   

Other key points from C.A.R.’s April 2021 resale housing report included:

-- Home sales in April from a regional perspective saw sharp gains with each region growing more than 38 percent from last year. The San Francisco Bay Area had the highest year-over-year increase of 101.4 percent, with five of its nine counties growing by triple digits from a year ago. The Central Coast came in second with an increase of 81.7 percent, followed by Southern California (65.5 percent), the Central Valley (39.8 percent), and the Far North (38.8 percent).

-- All but two of the counties tracked by CAR, 49 of 51, recorded a year-over-year sales increase in April, with 31 counties increasing more than 50 percent from a year ago, and 11 counties growing by triple digits. Six of the counties with an annual growth rate of more than 100 percent had a median price above $1 million in April 2021. Counties with an increase from last year had an average gain of 70.7 percent in April 2021, compared to 32.9 percent in March.

-- Sales growth in California in April 2021 remained concentrated in higher-priced markets, while home sales in the lower-end continued a lackluster performance. The million-dollar segment in April increased in demand by more than 200 percent in year-over-year comparisons, with sales of homes priced $2 million and higher surging more than 300 percent from a year ago. Meanwhile, sales of properties priced below $300,000 continued to fall precipitously, with the year-over-year growth rate dropping 34 percent in April 2021, compared to April 2020. Tight housing supply continues to be the primary constraining factor for fewer sales in the lower-price category.

-- New record median prices were set in all major regions in April 2021, with each region growing more than 20 percent from April 2020. The Central Coast region continued to have the highest year-over-year gain of 40.8 percent, followed by the San Francisco Bay Area (35.6 percent), Southern California (28.6 percent), the Central Valley (25.5 percent) and the Far North (22.8 percent).

-- Active listings in California fell more than 50 percent in April 2021 from April 2020, marking four straight months when the housing supply was cut in half from the same month a year ago.. The ongoing decline in inventory is due to the surge in demand over the past 10 months, as well as a lack of new listings. While new active listings in April 2021 experienced robust year-over-year growth compared to April 2020, when the government-imposed pandemic shutdown was underway, the level of newly added supply is still significantly below pre-pandemic levels. On a month-to-month basis, for-sale properties inched up by 7.4 percent in April 2021, compared to March 2021, and should climb further in the coming months if the market follows its typical seasonal pattern.

-- Statewide, the unsold inventory of available homes for sale dropped to 1.6 months in April 2021 from 1.7 months in March 2021 and was down sharply from April 2020, when there was 3.4 months of housing inventory. Inventory levels measured in months indicate the number it would take for the available supply of homes on the market to sell-out given the current rate of sales.

April 2021 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)
blog_210521_chart2

-- In San Diego County, the inventory of available homes for sales in April 2021 remained at 1.5 months, the same number for March 2021, compared to 1.8 months in both February 2021 and January 2021 and 2.7 months in April 2020.

-- The median number of days it took to sell a California single-family home hit another record low of seven days in April 2021, down from 13 days in April 2020. The seven-day figure is lower than the eight days in March 2021, previously the lowest ever recorded. The eight-day figure compared to 10 days in February 2021, 11 days in January 2021, 11 days in December 2020, nine days in November 2020, 10 days in October 2020, 11 days in September 2020 and 15 days in March 2020. Prior to setting record low numbers in March and April 2021, the previous statewide record was nine days in November 2020.

-- In San Diego County, the median number of days an existing, single-family home remained unsold on the market was six days in April 2021, which was the same number in March 2021. That number compares to seven days in both February 2021 and January 2021, as well as eight days in December 2020 and seven days in November, October and September 2020. The timeframe a year ago in April 2020 was eight days.

-- The 30-year, fixed-mortgage interest rate averaged 3.06 percent in April, down from 3.31 percent in April 2020, according to Freddie Mac. The five-year, adjustable mortgage interest rate was an average of 2.81 percent, compared to 3.31 percent in April 2020.

Topics: Brokers/Managers, Market Information

NAR SELECTS PSAR MEMBER JOSE PAYNE KING AS GLOBAL AMBASSADOR

Posted by PSAR Communication on May 21, 2021 8:30:00 AM

Jose Payne King FotoPSAR extends congratulations to PSAR member and broker Jose Payne King who is serving this year as a National Association of REALTORS® (NAR) 2021 Global Ambassador (GA) to the countries of Honduras, Nicaragua, Guatemala, El Salvador and Mexico.

Jose was appointed by NAR President Charlie Oppler to serve as a GA through the 2021 calendar year. He will serve as a liaison to maintain NAR relationships with foreign real estate associations and local associations, including PSAR.

The foreign real estate associations to whom Jose is serving as a NAR liaison include: Camara Salvadorense de Bienes Raices (CSBR) and El Salvador Chamber of Real Estate in El Salvador; Camara de Corredores de Bienes Raices de Guatemala (CCBRG) in Guatemala; Camara Nacional de Bienes Raices de Honduras in Honduras; Association Mexicana de Profesionales Immobiliarios (AMPI) in Mexico; Camara Nicaraguense de Corredores de Bienes Raices (CNCBR) in Nicaragua.

“I’m very glad for the opportunity to give back and help other real estate professionals in other countries,” said Jose, who also is a member of the PSAR Global Real Estate Council (he has served as co-chair of GREC). “I’m fortunate to be involved in outreach and extend my horizons. I’m passionate about working with the community and veterans. I have found that you learn in the process of teaching others.”

After serving in the U.S. Army, Jose’s varied career has ranged from education and training to environmental science, business, finance and real estate. He has worked as a health and safety inspector with the Florida Department of Health, commodity inspector with the U.S. Department of Agriculture, environmental planner with the U.S. Air Force and environmental engineering project manager with the U.S. Department of Defense.

He moved to San Diego in 1990, and began working in real estate sales in 1995. He was affiliated with several brokerages before founding his own brokerage called PK Realty in 2007. His clients have represented diverse backgrounds from both Mexico and the U.S. He has expertise in both in residential and commercial real estate.

“My goal is to provide my clients with excellent customer service and an experience that is enlightening, empowering, encouraging and definitely worth telling others about.”

Jose is also currently serving as commander of American Legion La Jolla Post No. 0275.

Jose is fluent in both English and Spanish and has remained an active learner in his career. He has attended El Paso Community College, Southern Illinois University, Central Michigan University, Azusa Pacific University and REALTOR®.University.   He is an alumni of Southern Illinois University and Columbia College. He also graduated with distinction from REALTOR®.University

Jose also has completed the Certified International Property Specialist (CIPS) Institute. The CIPS Institute, from NAR, provides REALTORS® with knowledge, tools and a worldwide network helping in serving international clients.

“It is an honor to serve as a GA and promote the REALTOR® brand through international REALTOR® membership, education, products and services,” said Jose. “NAR’s global mission statement is to render the global real estate markets accessible, profitable and ethical for REALTORS® to conduct business. To that end, Global Ambassadors work to help maintain NAR’s relationships with more than 100 real estate associations as bilateral partners in 85 countries around the world. We also help fellow NAR members understand business in the countries to which they are assigned.”

Jose encourages all PSAR members who may be interested in cross-border opportunities and who want to network with other international real estate practitioners to become involved with PSAR’s GREC.

PSAR’s GREC is dedicated to assist the needs of PSAR members who desire to expand their international outreach and help international capital investment clients to make informed transactions with effective counsel across multiple jurisdictions. The vision of the Council is to provide and facilitate educational opportunities to enable PSAR members to expand their practice and organize global-themed events. GREC can provide you with a platform to connect with individuals internationally. GREC offers PSAR members with the opportunity to learn and expand their niche market in real estate internationally.

Formed in 2013, PSAR’s GREC has hosted several educational events in recent years designed to assist PSAR members in helping international capital investment clients to make informed transactions with effective counsel across multiple jurisdictions. The training sessions have focused on cultural customs and diversity, as well as panel discussions and forums with international partners.

Topics: Announcements, Leadership, Government Affairs

Open Houses - Here is what we know

Posted by Communications on May 14, 2021 4:24:03 PM

blogbanner_210514_openhouse

C.A.R. released this information on May 14th

CRMLS Update Regarding Paragon

CRMLS Update Regarding Matrix

C.A.R. released this information on May 14th

On Wednesday, the California Dept. of Public Health updated its guidance on open houses and stated further updates were pending. C.A.R. is pleased to provide the following changes to open house protocols. Please remember to adhere to local guidelines which may be more strict in certain areas. Check with your broker for guidance. 

  • Open Houses: Advertising open houses, without qualifiers, is allowed and appointments for open houses are no longer required.
  • Social Distancing: Showings, including open houses, are somewhat relaxed under the new social gatherings guidelines but still include social distancing between members of different households while attending an open house, and are subject to capacity issues depending on the tier of the county where the house is located. Please refer to local guidelines for this information.
  • Signing In: There will still be a sign-in requirement on site. The new Property Sign-In (PSI) form can be used for this purpose. However, you can still use a PEAD instead of the on-site sign-in if you prefer. See the new Quick Guide for more details.
  • Forms: C.A.R. has simplified and shortened the Rules of Entry (PRE), Prevention Plan (BPPP), and the Property Sign-in (PSI) form as an alternative to PEADS. There also is an addendum to the listing agreement LOHA reflecting the changed protocols. This form is necessary if the parties had previously signed the RLA-CAA, which did not allow for open houses. New listings should also include this addendum if the listing broker wants to hold open houses.
  • PEADS: The PEADS have been combined and simplified into one shorter PEAD-ALL form that is available if members prefer to use it instead of on-site sign-in protocols.
  • The newly revised forms PRE, BPPP, PEAD, as well as the new Property Sign-in PSI form and new Listing Addendum LOHA form will all be available on zipForm as soon as possible. In the interim, a PDF of each of these is available here. Members may still use the current forms that are on zipForm if they choose until the new ones are released. 

These changes represent a step in the right direction, and we are hopeful that they will make it easier for REALTORS® to comply with laws that are consistent with other businesses while remaining in accordance with health guidelines.

Updated Forms

The newly revised forms PRE, BPPP, PEAD, as well as the new Property Sign-in PSI form and new Listing Addendum LOHA form will all be available on zipForm as soon as possible. In the interim, a PDF of each of these is available here.

Updated Forms

CRMLS Update Regarding Paragon

In response to new guidance from the California Department of Public Health (CDPH), CRMLS is re-enabling in-person open houses in its MLS systems, effective now.

This change will alter your workflow when inputting an open house, whether in-person or virtual.

While the state has recently revised its guidance on open houses, local jurisdictions are still in the process of reviewing the state's guidelines. Many have yet to determine whether they will allow in-person open houses. At this time, several major jurisdictions have not updated their guidance to allow in-person open houses.

C.A.R. released information on this subject to REALTORS® on May 12th. C.A.R. attorneys are looking into what it means when it comes to hosting open houses. The links in their email raise questions, including how these changes apply to local jurisdictions, the use of the PEAD, registrations, maintaining physical distance, and much more.

We encourage you to contact your brokerage and your local jurisdiction before scheduling any open houses. Attorneys and brokers will need time to interpret these new guidelines.

Here is what is changing in CRMLS Paragon:

Before – Live Stream checkbox checked by default, with no option to turn off

Paragon_opnehouse_before

After – Live Stream checkbox ­unchecked by default, with the option to turn on

Paragon_opnehouse_after
After – Live Stream checkbox ¬unchecked by default, with the option to turn on
To enter an in-person open house, keep the Live Stream checkbox unchecked.
To enter a virtual open house, check the Live Stream checkbox and add the URL for your virtual open house.

From CRMLS Regarding Matrix Update

We encourage you to contact your brokerage and your local jurisdiction before scheduling any open houses. Attorneys and brokers will need time to interpret these new guidelines.

Here is how the change will look in Matrix:

matrix_changes_after

 

Topics: Market Information

CAR Releases Update Regarding Open Houses in San Diego County

Posted by PSAR Communication on May 13, 2021 10:39:20 AM

Open Houses in San Diego County

C.A.R Released the following information last night to REALTORS®. CAR attorneys are looking into what it means when it comes to hosting open houses. The links in this email raise questions including how these changes apply to San Diego County, the use of the PEAD, registrations, maintaining physical distance, and much more. Give your broker some time to look into this. The information was released, now the attorneys and brokers need to figure out what it means.

The California Dept. of Public Health has just updated its guidance on open houses, and further updates are pending. The following is now on live on the COVID-19.ca.gov website. C.A.R. will be providing more details regarding this guidance so that REALTORS® are in full compliance, but the following is the information currently on the California State official website:

Shown properties, like open houses – effective immediately
In-person showings of properties, like open houses, are permitted and must follow the indoor gatherings capacity limits in the CDPH gatherings guidance. Check the Attendance section of the gatherings guidance for the capacity limits for each tier. 

People who feel sick or have COVID-19 symptoms are not permitted to attend. The physical distancing between different households must be maintained, and hand sanitizer should be made available. Face coverings are required. See the CDPH guidance for the use of face coverings for complete details and exceptions. All other restrictions in the real estate guidance remain in place.

Topics: Brokers/Managers, Market Information, Marketing

CALLING ALL BLOOD DONORS

Posted by Communications on May 6, 2021 3:44:23 PM

blog_210520_BloodDrive

San Ysidro Health Center
Thursday, May 20, 2021 | 10:00am to 3:00pm

Parking Lot
1601 Precision Park Lane, San Ysidro CA 92173
Appointments Required

Book Your Appointment | (619) 400-8251

Can't make it on the 20th donate any time here.

Antibody Testing of Each Blood Donation
This is not a diagnostic test and will not detect active COVID-19 infections or recent
exposure. For information regarding COVID-19 and blood donation, visit:
www.sandiegobloodbank.org/COVID19

Safety precautions in place. Photo ID required. Arrive hydrated.

John’s life mission has always been to help people. Since being diagnosed with colon rectal
cancer, he has dedicated himself to bring awareness for early screening and detection.
As part of his treatment, John required a blood transfusion that helped him recover faster.
Though he no longer needs blood, now, he encourages others to pay it forward as a blood
donation advocate. Schedule your appointment today and use code JOHN when you register.

John Blood Drive English                       Blood Drive in John's Name

   San Diego Blood Bank                     San Ysidro Health   

 

C.A.R. Red Alert

Posted by PSAR Communication on Apr 30, 2021 8:01:19 AM

CAR Makes Moves

C.A.R. Urges Legislature to Take Action on Housing

As a follow-up to Legislative Day, C.A.R. and its members want to make clear to lawmakers that we OPPOSE ACA 7 (Muratsuchi), which seeks to amend the California State Constitution to permit local preemption of state law as it relates to land use planning and zoning. C.A.R. opposes ACA 7 because it will make it more difficult to build housing at a time when housing is desperately needed, and it will allow local governments to impose radical rent control.
 
C.A.R. is also urging the Legislature to prioritize the creation of housing and homeownership opportunities at all income levels to alleviate the dire housing shortage and to help close the wealth gap.
 
Please help us build upon the momentum of Legislative Day - we have created a letter that you can send to your legislators by clicking the buttons below.  The letter that will be sent is as follows:
 
Thank you for meeting with your local REALTORS® as part of the California Association of REALTORS® first-ever fully virtual Legislative Day on April 27th. To follow up on conversations we had with you, I’d like to add my voice and ask that you vote NO on ACA 7, a proposed Constitutional Amendment that would permit local preemption of state law as it relates to land use planning and zoning. I OPPOSE this proposal because it will make it more difficult to build housing at a time when housing is desperately needed, and it will allow local governments to impose radical rent control.
 
I would also like to encourage you to enact real solutions to the state’s dramatic housing shortage, like SB 6 which will allow commercial property to more easily be converted to residential property. I also urge to oppose attempts to tax homeownership by preserving the mortgage interest deduction, making housing fees more transparent and avoiding service and transfer taxes and other fees that make buying and owning a home further out of reach for most here in California.
 

To send a letter to your Legislator(s) please click the 'Take Action' button below.

    TAKE ACTION
Background
 
ACA 7 – Under existing law, if there is a conflict between a state and local law, state laws generally override any county or local ordinance. When there is a conflict between federal and state law, federal law generally preempts state law. ACA 7, if enacted and approved by the voters, would effectively remove the state’s oversight authority over local land-use planning and zoning by making local law, except in limited circumstances, the final word on land-use planning in a local jurisdiction. ACA 7 would permit local cities and counties to opt out of, among other things, density bonus law, the general plan, RHNA and housing element planning process, the Housing Accountability Act, any state mandated housing approval or streamlining measure, including those streamlining regulations to facilitate the approval and development of accessory dwelling units (ADUs), etc.
 
SB 6 – SB 6 allows property zoned for commercial use to be more easily utilized for housing.  It will require that a local government ministerially approve housing developments of at least 20 units per acre on lots zoned for office, retail or commercial use on a neighborhood lot. These proposed housing developments would continue to be subject to all local zoning, parking, and design ordinances, as well as any design review or other public notice, comment, hearing, or procedure applicable to a housing development.

RECORD MEDIAN HOME PRICES FOR BOTH CALIFORNIA AND SAN DIEGO IN MARCH

Posted by Rick Griffin on Apr 28, 2021 8:00:00 PM

blogbanner_200801_411

Fierce competition in the California housing market in March drove the state’s median home price to a new record high while sales remained solid heading into the spring homebuying season, according to the monthly home sales and price report from the California Association of REALTORS® (C.A.R.).

The statewide median home price in March reached a new all-time high of $758,990.

Similarly, the median home price in San Diego in March rose to a new record of $800,000.

In addition, nearly two-thirds or 63 percent of homes sold above the asking price in March 2021, reflecting the combination of intense demand and short supply. California already had set a record for share of home selling over listing price at 56 percent in February 2021.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 446,410 in March 2021, down 3.5 percent from 462,720 in February 2021 but were up 19.7 percent from March 2020, when 373,070 homes were sold. The annualized sales figure represents what would be the total number of homes sold during 2021 if sales maintained the March pace throughout the year.

The monthly sales decline was the third in a row, and the sales pace was the lowest since last July. The nearly 20 percent sales gain was attributed to weak home sales a year ago as the coronavirus outbreak abruptly halted the real estate market and economy, CAR said.  

March 2021 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)
blog_210427_chart1

Meanwhile, California’s median home price set another new record high in March 2021 as the statewide median price surged nearly 24 percent from a year ago. The statewide median home price in March 2021 climbed 8.6 percent on a month-to-month basis to $758,990, up from $699,000 in February 2021 and up 23.9 percent from the $612,440 recorded in March 2020. 

The year-over-year statewide gain, from March 2020 to March 2021, was the highest since October 2013 and it was the eighth straight month that California’s median price registered a double-digit gain.

In San Diego County, the number of home sales in March 2021 was 29.3 percent higher compared to February 2021 and 18.1 percent higher compared to March 2020.

San Diego’s median price for a single-family detached home in March 2021 was a record high of $800,000, which was $35,000 or 4.6 percent higher than the median home price of $765,000 in February 2021 and 18.5 percent higher compared to $675,000 in March 2020.

The median price represents the point at which half of homes sell above a price, and the other half below it.

“While intense homebuying interest is the engine that continues to drive housing demand, a shortage of homes for sales is the rocket fuel pushing prices higher across the state. A lack of homes for sale is creating unprecedented market competition, leading to a record share of homes selling above asking price in March,” said C.A.R. President Dave Walsh, vice president and manager of the Compass San Jose office. “With more of the state’s COVID-19 restrictions being lifted in the coming months as we move into the spring home buying season, we should see home sales improve as more prospective home sellers feel comfortable listing their homes for sale.” 

“The market sentiment is drastically different today compared to a year ago at the onset of the pandemic,” said C.A.R. Vice President and Chief Economist Jordan Levine. “With the U.S. economy positioned to grow at the fastest pace since the early 1980s and mortgage rates trending down again in the past week, consumer confidence will improve further, so in the coming months, we should continue to see a solid bounce-back from last year as the market maintains its momentum.”

Other key points from C.A.R.’s March 2021 resale housing report included:

-- Home sales in March from a regional perspective experienced a double-digit sales surge compared to a year ago. The San Francisco Bay Area had the highest year-over-year gain, at a growth rate of 35.0 percent from March 2020. The Central Coast (31.8 percent), Far North (26.1 percent), and Southern California regions (23.3 percent) experienced a sales increase of more than 20 percent from last year.

-- Home sales in resort markets remained robust in March, with Big Bear, Lake Arrowhead and South Lake Tahoe all increasing more than 50 percent from a year ago. South Lake Tahoe was particularly strong in March 2021 with sales rising 128.1 percent compared to March 2020. Lake Arrowhead also had a strong month of March with sales growing near triple-digits year-over-year, while Big Bear increased by 54.8 percent and Mammoth Lakes jumped by 16.7 percent.

March 2021 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)
blog_210427_chart2

-- All major regions recorded double-digit increases in the median price increases from last year. The Central Coast region posted the highest year-over-year growth rate of 26.4 percent, followed by the San Francisco Bay Area (21.3 percent), Southern California (20.5 percent), the Central Valley (18.6 percent) and the Far North (12.4 percent).

-- All 51 counties tracked by C.A.R. reported a gain in median price on a year-over-year basis, with 45 of them increasing more than 10 percent.

-- Active listings statewide fell 51.1 percent in a comparison between March 2021 and March 2020. It was the third consecutive month that listings declined more than 50 percent. On a month-to-month basis, for-sale properties inched up by 5.3 percent in March.

-- The available supply of homes for sale continued to tighten up across the state, with all major regions near record low levels. Forty-nine of the 51 counties covered by C.A.R. recorded a decline in active listings on a year-over-year basis in March, and 30 of them dropped more than half from levels a year ago.

-- Statewide, the unsold inventory of available homes for sale dropped to 1.6 months in March from 2.0 months in February and was down sharply from a year ago, when there was 2.7 months of housing inventory. Inventory levels measured in months indicate the number it would take for the available supply of homes on the market to sell-out given the current rate of sales.

-- In San Diego County, the inventory of available homes for sales in March 2021 dropped to 1.5 months, compared to 1.8 months in both February 2021 and January 2021 and 2.4 months in March 2020.

-- The median number of days it took to sell a California single-family home in March 2021 hit a record of eight days, the lowest every recorded. The eight-day figure compared to 10 days in February 2021, 11 days in January 2021, 11 days in December 2020, nine days in November 2020, 10 days in October 2020, 11 days in September 2020 and 15 days in March 2020. Prior to March 2021, the previous statewide record was nine days in November 2020.

-- In San Diego County, the median number of days an existing, single-family home remained unsold on the market was six days in March 2021. That number compares to seven days in both February 2021 and January 2021, as well as eight days in December 2020 and seven days in November, October and September 2020. The timeframe a year ago in March 2020 was 10 days.

-- The 30-year, fixed-mortgage interest rate averaged 3.08 percent in March, down from 3.45 percent in March 2020, according to Freddie Mac. The five-year, adjustable mortgage interest rate was an average of 2.78 percent, compared to 3.16 percent in March 2020.

Topics: Brokers/Managers, Market Information