PSAR MEMBERS HONORED AS C.A.R. LIFE MEMBERS

Posted by Rick Griffin on Nov 12, 2021 8:40:42 AM

CAR_LogoCARHonoraryMembers2


PSAR is proud to announce that 15 PSAR members have been approved by the PSAR board of directors for recognition by the California Association of REALTORS® (C.A.R.) as honorary members for life.

The 15 members include:

• Loretta Beckstrand • Sten Bjernefalt • Dan Brennan
• Grace Brickner • Bette Crowther • Tony Dulawan
• Patricia Egre • Richar Faust • Cynthia Faust
• Margaret Hueppchen • Marilyn McClelland • Patti McKelvey
• Lynette Mejia • Rosina Orozco • Pamela Ratcliffe

Congratulations to each esteemed member for your long-term commitment to professionalism and excellence in the real estate industry.

This latest 2021 group of new C.A.R. life members will receive a waiver of C.A.R. dues beginning in 2022. They will continue to receive a dues waiver for as long as they remain eligible for REALTOR® membership or until retirement from the field.

Requirements to be honored as a C.A.R. life member include remaining as a C.A.R. member in good standing for a minimum of 25 years and attaining the age of 75.

Acceptance as honorary members for life also requires approval of the C.A.R. Membership Committee and the C.A.R. Board of Directors at one of its three annual membership meetings. Applications for the honorary member-for-life designation must be received in advance of the meetings in order for the dues waiver to be effective the following year. Applications will not be processed without the signature of the member’s local association executive.

Applications are available on the C.A.R.website and using THIS FORM

For additional information, send an email to hmfl@car.org.

_______________________________________

PSAR's mission is to empower Realtors.

Since 1928, the Pacific Southwest Association of REALTORS® has played a significant role in shaping the history, growth, and development of the Real Estate industry in San Diego County. 

Topics: Education, Brokers/Managers, Leadership, Government Affairs, Market Information, Industry

PSAR HONORED BY SAN DIEGO PRESS CLUB

Posted by Rick Griffin on Nov 9, 2021 3:00:00 PM

SDPress-club-logo-1

PSAR was recently honored for writing excellence by the San Diego Press Club,

PSAR received an award in the “In-House or Employee Publications” category for recent “Voice of Real Estate” stories, an ongoing series covering the latest real estate industry trends. 

In addition, PSAR was honored in the “General Writing for Internal Publications” category for a series of profile stories about PSAR members.

It was the seventh consecutive year that PSAR has been recognized for writing excellence by the San Diego Press Club.  

The PSAR member profile stories have generated high readership levels and fostered closer bonds among PSAR colleagues. A frequent response to the stories among members who have worked together for years is, “I didn’t know that about you.”

It was the fourth consecutive year that PSAR has received a Press Club writing award for its “Voice of Real Estate” series.

The monthly Voice articles feature updates on local and statewide housing market conditions based on statistics from the California Association of REALTORS®, as well as other recent news about real estate and economic trends, cited from news reports.

SDPressClub-winner-badge-2021

The Voice articles also satisfy a core standard from the National Association of Realtors requiring real estate trade associations to provide realtor members with regularly scheduled information on the housing market, and real estate trends and issues.

The San Diego Press Club’s recent 48th annual Excellence in Journalism Awards drew over 1,100 entries, making it one of the largest journalism competitions in the nation. Judges were press club members in Alaska, California (San Francisco, Orange County), Florida, Louisiana(New Orleans), New York (Rochester), Ohio (Cleveland), and Wisconsin (Milwaukee)

The San Diego Press club presented over 500 awards in 130 categories and 10 divisions. Winners included reporters, writers, artists, photographers, videographers, corporate communicators, and public relations professionals. Top winners included The San Diego Union-Tribune with 42 awards in online, daily newspapers, and photography categories, Ranch and Coast Magazine with 22 awards in magazine and photography categories, and the San Diego Business Journal with 19 awards in non-daily newspaper categories.

The San Diego Press Club is one of the largest clubs of its kind in the nation with 400 members, all in the news communications field. The group offers professional growth activities and promotes integrity and high ethical standards in journalism.

_______________________________________

PSAR's mission is to empower REALTORS®.

Since 1928, the Pacific Southwest Association of REALTORS® has played a significant role in shaping the history, growth, and development of the Real Estate industry in San Diego County. 

Topics: Education, Brokers/Managers, Leadership, Government Affairs, Market Information, Industry

NOW! SCREEN tenants through CRMLS - FREE To Housing Provider!

Posted by PSAR Communication on Aug 24, 2021 12:51:12 PM

RentSpree is now an MLS-integrated core product, available to all CRMLS users at no extra cost!

Here's a short video explaining the benefits of RentSpree:

What is RentSpree?
RentSpree is a premier rental application and tenant screening tool. Through a simple link, tenants can apply to rental properties in minutes. The housing provider receives a complete rental application, credit report and score, criminal background check, and eviction report – all at no cost! (Applicants pay the $30 screening fee.)

What's the new integration?
CRMLS added an "Online Screening" field to residential lease input forms. It is now a required field for lease listings in all CRMLS-supported MLS systems. Just select "RentSpree" in this field if you want to collect rental applications via the MLS! (You may also select "None" if you wish to opt-out.)

This is what the new feature will look like in your MLS system:

rentspree_screenshot

If users select RentSpree, the listing agent will receive a notification email containing a link for prospective tenants to apply to rent the property.

How can users start accepting rental applications?
Visit the CRMLS Knowledgebase to find out exactly where to find this new field in your MLS system.

Topics: Education

Update on County Rental Assistance-From The SD Housing Commission

Posted by PSAR Communication on Aug 18, 2021 11:12:36 AM

Molly Chase with the San Diego Housing Commission provided PSAR members with an update on the funds spent on the County Rental Assistance Program. The program helps pay past-due, unpaid rent, and utilities for City of San Diego households with low income that experience financial hardship due to the ongoing COVID-19 pandemic.

For deeper knowledge on this topic check out this video presentation and Q&A with PSAR's Government Affairs Committee.

Slides from the Presentation

Topics: Education

Fair Housing 2021

Posted by Richard D'Ascoli on Aug 4, 2021 1:30:00 PM

New Fair Housing Rsources

Diversity is a core value of PSAR.  Realtors are the stewards of the right to own, use and transfer private property, and fair housing protects buyers, sellers, landlords and tenants.  Our livelihood as REALTORS® is dependent on fair housing laws.

Resources, Office Training & Updates

This post was originally posted in January 2020, and will be updated as new information is available.  It was last updated on August 4th to add NAR resources, book links, and interesting research compiled by the Non-Profit Local Initiatives Support Corporation (LISC) about Redlining in San Diego County.

NY Newsday ran an investigative story in 2019 called LI Divided. The story made clear that in order to pursue the goals of the Fair Housing Act, we need to make sure that real estate agents are accountable, that we continue to improve the real estate culture and that we provide solid training.

Video Interview with Reporter Bill Dedman

 

NAR launched Fairhaven, a fair housing simulation training for REALTORS® that uses the power of storytelling and game-play to help members identify, address and prevent discriminatory practices in real estate. Inspired by real stories, this innovative online experience has agents work against the clock to sell homes in the fictional town of Fairhaven, while confronting discrimination in the homebuying process. Learners will also walk in the shoes of a homebuyer facing discrimination. The training provides customized feedback that learners can apply to daily business interactions.

PSAR's Board of Directors encourages all Realtors to enhance awareness of fair housing practices via this no-cost program. Be an advocate for fair housing and the future of our industry. Commit to combating discrimination in real estate. You can learn more about Fairhaven by viewing the promotional Video at the link shown below.


Get started NOW by visiting https://fairhaven.realtor/ to explore the fictional town of Fairhaven and assess how well you are adhering to fair housing principles.

Hate Speech: In 2020 REALTORS implemented rule changes to ensure that the REALTOR® Code of Ethics extends beyond real estate-related activities. It is now a violation for REALTORS® to use harassing or hate speech toward any of the protected classes under Article 10 of NAR's Code of Ethics. Those protected classes are defined by race, color, religion, sex, handicap, familial status, national origin, sexual orientation, and/or gender identity. Violators may be disciplined by punishment up to and including removal from the Association. . Read more here.

HUD Resources:

REALTOR Resources:

Other San Diego County Resources:

Join the discussions.

The Deliberately Fair Housing (DFH) Facebook Group is a private group open for interested professionals.  It is a great place to find more current resources and updates.  This group hosts monthly discussions online and also has a book club discussion group facilitated by Realtor Tim Ambrose and PSAR CEO Richard D'Ascoli. 

PSAR also purchased copies of the book The Color of Law by Richard Rothstein.  The Association is giving the book to members and civic leaders willing to participate in Reading Circles to discuss the book.  Please contact support@psar.org for more information about obtaining a copy and joining a reading Circle.

_______________________________________

PSAR's mission is to empower Realtors.

Since 1928, the Pacific Southwest Association of REALTORS® has played a significant role in shaping the history, growth, and development of the Real Estate industry in San Diego County. 

Topics: Education, Brokers/Managers, Leadership, Government Affairs, Market Information, Industry

CRMLS Paragon Upgrade is Here

Posted by Richard D'Ascoli on Sep 21, 2020 1:30:00 PM

Check out the links, video and details below for the facts about the CRMLS Paragon upgrade. 

  • CRMLS subscriber's contacts and  saved searches will migrate over to the upgraded version of Paragon. 
  • Since the national data standard is different, some searches may need to be edited. 
  • CRMLS subscribers see the listing information from the 145,000 agents who share listings right through CRMLS. 
  • This upgrade provides agents with service from the biggest and most advanced MLS in the Country.

 

CRMLS is launching a major upgrade to the Paragon system on September 21st. You will get more photos, more listing distribution control, and more input on how your version of Paragon works.

  • NO LISTING INPUT or Add/edit Sept 17th until 8 am on Sept 21
  • Rules changes
  • Better, faster, more features

To help prepare you for the upgrade, CRMLS launched a Paragon Upgrade Resources page full of valuable information on the differences between the old and new systems.

Check out the San Diego Paragon Resources Center here.

While it already contains FAQs and a guide to critical rules differences between systems, it will be expanded to contain even more critical information and action items in the coming weeks.

Pro Tips: 

Other AOR's listing in San Diego: Agents around the state who use CRMLS Matrix will still be listing in San Diego during the upgrade.  Agents who list through CRMLS data-share partners will still be listing in San Diego. 

Absolutely Need to List?: PSAR also is a provider of Matrix for $6.50/month as a second MLS.  Matrix will be still active while the MLS is inactive.  This might be a good time to try it out.

See New Listings: While Paragon is being updated, tools like Homesnap-Pro will continue to be updated and searchable. Agents can see confidential remarks and search new listings from agents listing using systems other than Paragon. 

 

Paragon Upgrade

Important Training

Pre-recorded Video, watch or listen here on YouTube.

https://youtu.be/vgHLBE-LbZY

Live Webinars were hosted on the these days days.

Tuesday 9/8  Tuesday 9/15
9am-10am (Register Here)
1pm-2pm (Register Here)
10am-11am (Register Here
2pm-3pm (Register Here)

Monday 9/14
Broker, Office-Manager, IT & Broker Support Staff Discussion
3pm-4pm (Register Here)

 

Important Dates:

Thursday, September 17 at 12:00pm until Monday, September 21, 8:00 am The CRMLS system Goes into Read Only ModeAll input locked out, contacts, saved searches available, changes made at this time will not transfer. 

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When the system Goes Live on 9/21, CRMLS will have Live Support via Zoom
CRMLS staff will be live and available to answer your questions in real time.
Please have your name, email and username ready so we can assist you with your questions.
These will be live forums to help you with any issues you may be having, not a presentation.
You can join anytime and leave at your leisure.

Monday, September 21st, 8:30am - 5:00pm (Join Here)

Tuesday, September 22nd, 8:30am - 5:00pm (Join Here)

Wednesday, September 23rd, 8:30am - 5:00pm (Join Here)

Friday, September 25th, 8:30am - 5:00pm (Join Here)

Monday Sep. 28th - Friday Oct. 2nd @ 12:00pm  (Register Here)

Thursday, October 15th, 12:00pm (Join Here)

Monday, October 19th, 2:00pm (Join Here)

Wednesday, October 28th, 2:00pm (Join Here)
________________

Can't make it to the live
training? Here is the Recorded Training.
CRMLS YouTube Upgrade

Also two classes on the Upgraded Paragon Enhancements

Thursday, September 24th, 10:00am - 11:00am (Join Here)

Thursday, September 24th, 2:00pm - 3:00pm (Join Here)


We are upgrading this system to get a faster, more modern MLS engine for your business.  CRMLS and PSAR continue to grow listing inventory, and technology to empower Realtors by providing more tools, more data, wider coverage while protecting Realtor data.  This upgrade furthers PSAR’s mission to empower you. This is one of the reasons that PSAR is the fastest growing Realtor Association in San Diego County.

FAQ will be updated continuously: California Regional Multiple Listing Service

What will and will not carry over: California Regional Multiple Listing Service

Paragon Differences: https://go.crmls.org/paragon-key-differences/

Rules Differences: https://go.crmls.org/san-diego-paragon-vs-crmls-paragon/

_______________________________________________

PSAR's Mission is to empower Realtors to flourish while being accountable to
each other,our clients, and our community.

Since 1928, the Pacific Southwest Association of REALTORS® has played a significant role in shaping the history, growth and development of the Real Estate industry in San Diego County. Workshops are open to all REALTORS® and Affiliated Members. This class is free of charge.

 

Topics: Education, PSAR Benefits

Now you Can Create, Track, and Manage PEAD-V Forms with Glide

Posted by Richard D'Ascoli on Aug 6, 2020 12:15:00 PM

COVID-19 has resulted in countless challenges for agents across California. Perhaps chief among them are the new compliance requirements for showings, namely the Coronavirus Property Entry Advisory and Declaration - Visitor (PEAD-V) form. Given that each visitor to a property must sign a PEAD-V form and deliver it electronically to the listing agent in advance of a visit, it creates a significant burden for agents on both sides of a transaction.TRACK, AND MANAGE PEAD-V FORMS WITH GLIDE
To help solve this problem, Glide has created the first-of-its-kind integrated system that allows you to create, send, and manage PEAD-V forms across all of your listings and clients in a single place. Key benefits of using this tool include:

  • Save Time: Eliminate duplicate entry and and quickly generate new forms for reach property your clients want to visit.
  • Reduce Errors: Automatically pull in all property info from our MLS partners and connect directly to your DocuSign and ZipForm accounts to send to clients.
  • Protect Your Clients (and Yourself!): Don’t expose home sellers to unnecessary risk and ensure all visitors are free of COVID-19 symptoms. If an issue does arise, all of your forms are in a single location.

Zoom Class, Dates and Times
        Register Here        
Classes are offered several times a week

Glide is developed based on feedback from agents across the state, Glide’s tool gives you access to a number of features that make your life easier while ensuring full compliance:

  • Visitor Log: Share your personal PEAD-V listing URL with all visitors to generate and track forms for signature on-the-go without the hassle of manual coordination.
  • Reusable Parties: Don’t waste time re-typing by reusing previously entered buyers, agents, or other visitors/vendors.
  • Reduced Clutter in ZipForm: Keep your ZipForm account clean and uncluttered. Buyer Prospects and PEADs you create in Glide do not interfere with your transactions list in ZipForm.
  • One-Click Creation from MLS: When you create a PEAD-V directly from an MLS listing page, Glide will automatically pull all of your listing information to the form - saving you time and hassle.
  • Integration with DocuSign®: Send your PEAD-V forms using DocuSign and Digital Ink, complete with the signature and initial tabbing auto-placed for all visitors. Includes basic support for Digital Ink.


Learn More

Or Get started today at glide.com/pead.


Best of all, it’s free to agents who belong to the Pacific Southwest Association of REALTORS® and takes less than a minute to create your first form.  Glide is a PSAR member benefit. The program is usable now. It is also currently integrated with CRMLS Matrix.  Paragon integration is coming soon.  We are told it should be available within a week or so.

.glide - real estate forms management

_______________________________________________

PSAR Mission is to empower Realtors to flourish while being accountable to
each other,our clients, and our community.

Since 1928, the Pacific Southwest Association of REALTORS® has played a significant role in shaping the history, growth & development of the Real Estate industry in San Diego County. Workshops are open to all REALTORS® and Affiliated Members. This class is free of charge.

 

Topics: Education, PSAR Benefits

CONGRATS TO PSAR’S NEWEST GROUP OF CIPS GRADUATES

Posted by Rick Griffin on Jul 2, 2020 2:09:57 PM

ICIPS Attendees 06-26-20

Congratulations to a group of PSAR members who recently completed the Certified International Property Specialist (CIPS) Institute.

The CIPS Institute, from the National Association of REALTORS® (NAR), provides REALTORS® with knowledge, tools and a worldwide network helping in serving international clients.

The recent CIPS graduates include: 

Jackie Beltran

David Cardenas

Edith Cortez-Hernandez

Robert Cromer

Michael Dullea

Deborah Ferrari

Araceli Gonzalez

Nicolas Iniguez

Trinidelita Lao

Steven Lewis

Elva Luna

Angela Nugent

Dante Pamintuan

Diana Phan

Myrna Reyes

Patricia Ruesga

Yolanda Rosario

Maria Elena Sexsion

Rhiza Trinidad

Mary Beth Viruete

Ditas Yamane

These new CIPS graduates gained the knowledge needed to present investment information to international clients in their currency and area. They are now eligible to apply for NAR's CIPS Designation.  Once NAR accepts their applications, NAR will recognize them as expert resources in the international real estate market. They will have access to the information, research, network and tools to globalize their business. They now understand the financial, legal and cultural differences for real estate transactions in various countries.

CIPS graduates receive a variety of benefits, including a listing in the “Find a CIPS” online directory, customizable print postcards, customizable web banner ads and customizable press release. Technology tools include a CIPS app that provides translation, area and currency conversion, time zone calculation and international holidays, along with a CIPS resource browser toolbar. They also will receive a “Global Perspectives” print newsletter, access to webinars and networking opportunities, including access to CIPS member-only online communities and invitations to exclusive events at NAR meetings.

The CIPS class was an intensive program of study focusing on critical aspects of trans-national transactions, including currency and exchange rate issues, cross-cultural relationships, regional market conditions, investment performance, tax issues and more. Four-hour classes were held at various times June 15-19 and June 23-26.

The first class included an overview of the international real estate business environment, including capital flow, currencies, government regulations and culture. Topics included international brokerage, networking, marketing and selling.

Other classes featured the tools needed to present investment information to international clients. Students learned how to measure investment performance, prepare financial projections and understand the effects of taxes and exchange rates on investment.

Classes focused on real estate in Europe, Asia-Pacific and the Americas. Topics included the European Union and its impact on international real estate, as well as selling practices. Another class emphasized the cultural influences and economic trends in Japan and Asia. Another class included practical information on working with clients from the Caribbean and North, Central and South America, along with historical and cultural influences.

The instructor was Furhad Waquad, a NAR director since 2004. Furhad also is a past president of the Michigan Association of REALTORS®, a past NAR Regional Vice President and leader in NAR international leadership positions, including as a member of the NAR International Faculty. He has been recognized as Michigan’s REALTOR® of the Year and Michigan’s REALTOR® Active in Politics. 

Furhad is actively involved in REALTOR® organizations across the country. He is serving as NAR Federal Political Coordinator to U.S. Senator Debbie Stabenow (D-Mich.) and 2019-2020 NAR REALTOR Party Trustee for Campaign Services. He previously served as the 2013 Chairman of the National Association of REALTORS’® Global Business Alliances Committee and the 2009 NAR President’s Liaison to International Operations.

Several PSAR members who are now CIPS graduates are actively involved with the PSAR Global Real Estate Council (GREC). Many PSAR members who are interested in cross-border opportunities and who want to network with other international real estate practitioners are involved with 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 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 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: Education, Marketing, Industry

FULL BRUNT OF VIRUS OUTBREAK FELT IN MAY HOUSING REPORT

Posted by Rick Griffin on Jun 26, 2020 4:55:44 PM

May housing market Statistics

The full impact of the coronavirus pandemic was felt in the local and statewide housing market in May, as revealed by the most recent monthly home sales and prices report from the California Association of REALTORS® (C.A.R.).

California home sales in May fell to their lowest level since the 2008 Great Recession with closed escrow sales of existing, single-family detached homes totaling a seasonally adjusted annualized rate of 238,740 units, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.

Statewide, May 2020 home sales were down 13.9 percent from the 277,440 units sold in April, and down 41.4 percent from a year ago, when 407,330 homes were sold in May 2019. Statewide year-to-date home sales are down 12.9 percent, the largest drop since November 2007.

In San Diego county, homes sales in May 2020 were down 14.6 percent, compared to April 2020, and 42.3 percent, compared to May 2019.

San Diego county’s year-over-year decrease of 42.3 percent in home sales in May compares to these Southern California counties: 53.3 percent in Orange, 52.0 percent in Ventura, 47.5 percent in Los Angeles, 43.0 percent in Riverside and 37.6 percent in San Bernardino .

The statewide median home price in May 2020 fell below last year’s price for the first time since February 2012 and breaking the state’s 98-month, year-over-year price-gain streak. The May 2020 statewide median price of $588,070 for existing single-family homes was down 3.0 percent from April 2020’s $606,410 figure and down 3.7 percent from May 2019, when the median price was a revised $610,940.

In San Diego, the median price for a single-family home in San Diego County in May 2020 was $655,000, down 2.4 percent from $671,000 in April 2020, with only a 0.8 percent difference from the $650,000 figure for May 2019.

May 2020 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)

Median Sold P:rice

“The sharp sales drop in May was the steepest we’ve seen in some time, but there are encouraging signs that show the market is recovering and should continue to improve over the next few months,” said 2020 C.A.R. President Jeanne Radsick, a second-generation REALTOR® from Bakersfield, Calif. â€śWith pending home sales up a stunning 67 percent in May, buyer demand is on the upswing amid record-low rates that are making monthly mortgage payments $300 less than a year ago.”

“As we predicted, May home sales took the full impact of the coronavirus pandemic as much of the state remained in lockdown during the past few months and caused three straight months of double-digit sales declines, which we haven’t experienced since the Association began reporting monthly home sales in 1979,” said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. “While we expect sales activity to remain below pre-COVID-19 levels, closed sales will improve markedly as the phased reopening of the economy continues and consumers feel more confident returning to the market.”

Reflecting the dramatic change in market conditions, a monthly Google poll conducted by C.A.R. in early June found 40 percent of consumers said it is a good time to sell, up from 29 percent a month ago, but down from 51 percent a year ago. The market uncertainty has not curbed the optimism for homebuying as much; as 32 percent of the consumers who responded to the poll believed that now is a good time to buy a home, sharply higher than last year, when 26 percent said it was a good time to buy.

Other key points from the May 2020 resale housing report included:

•  At the regional level, all major regions dipped in sales by more than 35 percent from last year, with the Bay Area and Central Coast dropping the most at -51.1 percent each, followed by Southern California (-45.6 percent), and the Central Valley (-36.6 percent).

•  Fifty of the 51 counties tracked by C.A.R. experienced a year-over-year loss in sales, with Monterey declining the most from last year at -63.0 percent, followed by Mendocino (-59.7 percent), and San Benito (-59.2 percent). Counties that experienced a sales decline compared to last year averaged a loss of 42.2 percent. Del Norte was the only county with an increase over last year.

•  Median prices continued to dip in May versus last year in the Central Coast and the Bay Area but inched up slightly in the Central Valley region. The median home price was virtually unchanged in Southern California. 

• Thirty-one of the 51 counties tracked by C.A.R. reported a year-over-year price gain in May, with Glenn County leading the way at 31.9 percent. Of the 19 counties that experienced a price drop over last May, Plumas showed the biggest decline at 23.3 percent. 

• The Unsold inventory Index jumped to 4.3 months in May, up from 3.4 months in April and 3.2 months in May 2019. The index calculates the number of months needed sell the supply of homes on the market at the current rate of sales.

• Total active listings continued to decline on an annual basis for the 11th consecutive month; the 34 percent year-over-year decrease in listings was the biggest drop since March 2013.

• All major regions recorded a decrease in housing supply of more than 25 percent, with both the Southern California and the Central Valley regions falling by more than 33 percent. All counties in Southern California, except Ventura, declined 36 percent or more from last year, with San Diego dropping the most at 42.7 percent.

• The median number of days needed sell a California single-family home increased to 17 days in May 2020 compared to 13 days in April 2020 but was lower than the 18 days in May 2019. to the figure in March 2020 was 15 days, with a 23 day figure in February 2020.

• In San Diego County, the median number of days an existing, single-family home remained unsold was 11 days in May 2020, compared to eight days in April 2020, 10 days in March 2020, 12 days in February 2020, 23 days in January 2020 and 14 days in May 2019.

 

May 2020 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)

Unsold Inventory Index

• The 30-year, fixed-mortgage interest rate averaged 3.23 percent in May, down from 4.07 percent in May 2019, according to Freddie Mac. The five-year, adjustable mortgage interest rate averaged 3.16 percent, compared to 3.65 percent in May 2019.

 

In other recent real estate and economic news, according to news reports:

• Nationwide sales of new single-family homes in May continued to rebound from a COVID-19-influenced low in April, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Sales of new single-family homes in May were up 12.7 percent in a year-over-year comparison.

• There were fewer bidding wars for homes in May in San Diego. According to Redfin, 49.1 percent of homes for sale drew multiple offers, a decrease from April’s 53.4 percent figure. Nationwide, Redfin found that 49.4 percent of U.S. home offers in May faced competition, compared to 43.9 percent of offers in April. Of the 24 metros in the Redfin analysis, 11 saw a majority of Redfin offers facing competition in May. That's up from eight metros in April.

• CoreLogic said home sales in May had their biggest drop in nearly 30 years because COVID-19 held the market to a crawl. The home sales total of 2,327 in May was 40.7 percent down from the same month last year. It was the biggest drop in home sales since January 1991, when sales were down by 41.5 percent. Despite fewer sales, average home prices were largely unchanged, said CoreLogic.

• Small business owners turned more optimistic in May about an economic rebound and are expecting the coronavirus-induced recession will be short lived. The National Federation of Independent Business said its optimism index rose 3.5 percent in May to 94.4, an increase that was twice the Wall Street forecast.

• San Diego’s economy in dealing with COVID-19 will fare better than that of other parts of California because of a higher number of essential workers. Roughly 67 percent of workers in San Diego County are considered essential and less likely to have suffered furloughs, according to Beacon Economics. That’s a higher percentage than Silicon Valley, Los Angeles and San Francisco.

•  Who says you can't go home again? According to Zillow, about 2.7 million adults moved back home in March and April. Over 32 million adults were living with a parent or grandparent as of April 2020, up 9.7 percent from the same time the year before and is the highest number on record.

• The moving industry could potentially use up to $2.5 billion in revenue because of the coronavirus, according to HireAHelper.com, a moving website. During the 2008 recession, the moving industry lost about 16.5 percent of its revenue. This time around, revenues could decline between 12.2 and 19.9 percent.

Topics: Education, Marketing, Industry

VOTING FOR PSAR BOARD MEMBERS HAS BEGUN, BE SURE TO VOTE

Posted by Rick Griffin on Jun 19, 2020 4:48:45 PM

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We have reached the time of year when PSAR members need to stand up and be counted!  Voting for 2021 PSAR board members takes place this week and your voice counts in deciding who will lead our association next year. Electronic ballots were emailed yesterday morning, June 19. Voting will end at 5 p.m., this Friday, June 26. Results will be announced in July. - slate of nominees can be found - here

On the ballot are seats for President-elect, Secretary-Treasurer, as well as two-year term (2021-2022) positions for five director board seats and an affiliate director.

Max Zaker and Sam Calvano are running for President-elect and Secretary-Treasurer, respectively.

“As your President-elect, it will be my goal working with PSAR president, board of directors and staff to offer our members innovative technologies and impactful resources to help grow their business,” Zaker said in his candidate statement.

“With your vote for me to be Secretary-Treasurer in 2021, I will help our Association continue to be a dynamic leader in our industry,” said Calvano in his candidate statement.

Seven REALTOR® members are running for the five open director board seats. The seven include Mike Anderson, Merrie Espina, David Fletes, Sean Hillier, Rafael Perez, Amy Ruiz and Amber Tannehill. The following quotes are from their candidate statements:

• “I’d like to return to PSAR’s board because I believe I have a lot to offer with my experience and dedication to PSAR,” said Anderson. “I’d like to continue as a key component of the positive changes and growth we’re seeing, so I ask that you vote for me as a director.”

• “Community volunteer activities for PSAR include Red Shoe Day, Zombie Run, Realtor Games and Real Estate Global Council,” said Espina. “She is a team player acknowledged as a top company producer.” 

• “A San Diego native, David has been a REALTOR® and PSAR member for over 12 years,” said Fletes. “He is currently part of the Grievance Committee. David takes pride in giving back to the community by joining the San Diego Hispanic Chamber of Commerce and being an active member of the Wounded Warrior program.” 

• “As a long-time East County resident and current PSAR board member, I’d be honored to serve a second term,” said Hillier. “I have a long record of leadership. I’m running for re-election to keep PSAR’s focus on you, the members.”

• “Rafael is committed to making sure PSAR is the best choice in San Diego County when it comes to real estate associations and with your vote, will work to make sure it stays that way,” said Perez.

• “Since 2006, Amy Ruiz has been a full-time REALTOR® and absolutely loves it,” said Ruiz. “If elected, she will assist the board wherever needed, while focusing on membership growth and encouraging current membership to make sure of all the amazing benefits PSAR has to offer.”

• “Amber is excited about the opportunity to serve on the PSAR board of directors to advocate for education and training both online and in the classroom to assist both new and long-term real estate professionals in growing their business,” said Tannehill. “As a PSAR board of director, I hope to find ways to improve on the communication from the local, state and national level so that all agents receive the same information in a timely manner.” 

Three affiliate members are competing for the Affiliate Director seat. They include Andrea Martino, Juliette Montoya-Cesena and Angie West. The following quotes are from their candidate statements:

•  “I feel honored and grateful to have been nominated for the Affiliate Director role,” said Martino. “I firmly believe our current and future membership is ready and expecting of new and out-of-the-box ways to increase both Association-Affiliate collaboration and to strengthen REALTOR®-Affiliate relationships. I am excited at the prospect of leading the charge to accomplish this.”

• “My name is Juliette Montoya-Cesena and I thank you for your consideration as a nominee for Affiliate Director for PSAR,” said Montoya-Cesena. “If elected, it will be my goal to provide unity with our REALTOR® and affiliate members in finding ways to promote their businesses through joint efforts. Working side by side with fellow board members to continue with the trajectory of growth for our valued PSAR members, future members and our community.”

• “Angie West is a proud member of the First American Title San Diego sales team,” said West. “She chaired the PSAR Charity Committee for two years and was honored with the Affiliate of the Year award for 2018.”

Last year, Ditas Yamane was elected to serve as 2021 board president, succeeding Robert Cromer this year’s president.

We as realtors and individuals are hard at it every day growing our businesses and living our lives.

But we also have an obligation to our PSAR association and our fellow members to lend our judgement to deciding who will lead us on the board and in the executive positions.  Policies, programs, events and investments are all part of what the association manages logistically.  Those members are also there to provide all of us with insight direction and inspiration.

They, and what they do and say, have direct impact on our businesses and on us personally.  Taking a few minutes of time to cast your vote seems little enough to reap the returns it creates.

Voting this week means you looked up from the day-to-day for a minute to think about a bigger picture and take a step to make it better.

We look forward to counting your ballot!

Topics: Education, Marketing, Industry