TIGAR Blog

Key Highlights WASHINGTON (July 23, 2024) – Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of REALTORS®. All four major U.S. regions posted sales declines. Year-over-year, sales waned in the… Read more: Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900

WASHINGTON (July 10, 2024) – In 2023, when the volume of existing-home sales hit the lowest level since 1995, 26% of REALTORS® named lack of inventory and housing affordability as the most important factors limiting potential clients from making a purchase, according to the National Association of REALTORS®’ 2024 Member Profile.… Read more: 26% of REALTORS® Said Lack of Inventory and Housing Affordability Prevented Clients from Buying Homes in 2023 as Existing-Home Sales Fell to Lowest Level Since 1995

LOS ANGELES (June 18) – Mortgage rates that surged to their highest levels since late last year hampered California home sales in May on both a monthly and an annual basis, while the statewide median home price exceeded $900,000 for the second straight month to set another record-high, the… Read more: Highest mortgage rates since late 2023 dampen California home sales; California median home price sets another record-high, C.A.R. reports

LOS ANGELES (May 9) – A mild retreat in mortgage interest rates and home prices made it easier for more Californians to purchase a home during the first quarter of 2024, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Seventeen percent of the state’s homebuyers could afford to purchase a median-priced, existing… Read more: Improvement in home prices, interest rates lifts California housing affordability during first-quarter 2024, C.A.R. reports

LOS ANGELES (May 2) – In light of the preliminary court approval of a settlement by real estate brokerages and the National Association of REALTORS® for antitrust lawsuits, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today has placed an open letter in numerous California newspapers to mitigate confusion about the process of buying and selling… Read more: California REALTORS® place open letter in California newspapers to mitigate confusion about pending changes in industry business practices

Dear Valued TIGAR Members, We are delighted to inform you that the results of the membership votes for both organizations overwhelmingly support the merger between The Inland Gateway Association of REALTORS® (TIGAR) and the East Valley Association of REALTORS® (EVAR). TIGAR saw 15% of its membership vote, with 85%… Read more: TIGAR/EVAR Merger Vote Results

LOS ANGELES (March 19) – Despite a recent uptick in mortgage rates, California’s housing market continued to demonstrate resilience in February, reaching sales levels not seen since September 2022, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Infographic: https://www.car.org/Global/Infographics/2024-02-Sales-and-Price Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted… Read more: California home sales remain resilient in February despite rising mortgage interest rates, C.A.R. reports

C.A.R. OPPOSES ACA 13 (Ward), a proposed state constitutional amendment, that will significantly limit the ability of California’s voters to seek change through the initiative process by imposing a higher percentage of votes needed to approve state and local measures. C.A.R. opposes ACA 13 because seeks to undermine Proposition… Read more: RED ALERT – C.A.R. Strongly Opposes ACA 13