The Fresno Association of REALTORSŽ is a Professional REALTORŽ Trade Association.

March 25, 2016

50th Annual Golf Tournament -
The John Scarborough REALTORSŽ Classic

Sign Ups! Tuesday, April 5

REALTORŽ Sign ups from 8 a.m. - 9 a.m.

Open Sign ups 9 a.m.

COST: $360 per foursome

FAR Office 6720 N. West Ave

REALTORSŽ Must sign up in person and may only sign up one team.

The John Scarborough REALTORSŽ Classic

Wednesday, May 4

Eagle Springs Golf & Country Club

Scramble play begins with 8 a.m. shot gun start.

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Professional Standards & Grievance Training

Tuesday, April 12 at the F.A.R. office from 10 a.m. - 5:30 p.m., includes lunch. FREE for REALTORŽ members, $50 for non-members.

Training includes: professional standard overview, recent developments, hypothetical cases and much more! Call to register today 559-490-6400.

YPN Mixer

Thursday, April 7 at Buffalo Wild Wings (3065 E. Shaw Ave @ Hwy 168) from 5:30 p.m. - 7:30 p.m. FREE for REALTORŽ & Affiliate members! Guest $15. Must RSVP in advance. Call FAR 559-490-6400. Click here for more information.

Paso Robles Day Trip

Join us for a chartered bus ride to Paso Robles! Three tastings: Justin, Eberle & Tobin James Wineries!

Wednesday, April 13 - Cost: $85 per person, catered lunch included. Departs FAR parking lot 7 a.m. Returning approximately 7 p.m. More information here.

International School of Staging - Sharing the Power of Staging...

Thursday, April 14 at the FAR Office from 9 a.m. - 12 p.m. Cost: $199. Become a certified staging agent today! You will have an advantage over other listing agents. Your knowledge of simple techniques a homeowner can do to inexpensively stage their homes will appeal to today's seller! Register by calling FAR 559-490-6400.

Attention eKEY Holders ONLY:

Please be advised that the Yosemite Gateway Association of REALTORSŽ is currently NOT on the Supra Bluetooth lockbox. In the event that you are showing property in the that area, please make sure to either make proper arrangements with the Listing Agent to get access to the property or purchase a Key Fob at the Fresno Association of RealtorsŽ Office.

If you have any questions or concerns, please do not hesitate to contact the FAR Office at 559-490-6400.

6 Ways to Explain Low Inventory from NAR

Many home owners are still underwater. One of five homeowners with a mortgage still doesn't have enough equity to sell. This isn't the same situation as we saw during the depths of the housing crisis, but it's still making its mark on inventory levels. Although rising prices may slowly reduce the number of home owners who owe more than their property is worth, Real Estate Economy Watch predicts that significant numbers will continue to be equity-challenged for several years to come, especially in Arizona, California, Florida, and Nevada.
Boom buyers are still holding out. About 16 million families bought homes in the peak of the boom around a decade ago, and many are still waiting around to make a profit, even if they aren't underwater. Even if CoreLogic's prediction that the national median price will reach the peak of 2007 in the next year or so does come to fruition, Real Estate Economy Watch says many of these peak buyers will have to wait another five years or more before they realize much profit on their homes.
The inventory shortage is squeezing move-ups. Owners who may be ready to move into a larger or more expensive home are often considered hidden drivers of the market. But right now, price instability and the lack of available homes is causing this group to hold off. But Real Estate Economy Watch says that stability is coming, despite the inflationary impact of market shortages, and predicts that this "vicious cycle" will ease.
Investors aren't ready to sell single-family homes they're renting. They're making money from both rising rents and home price appreciation. And that's why Real Estate Economy Watch cautions against assuming they'll "sell their mini gold mines to homeowners anytime soon." The upside? At least some young prospective owners have access to a relatively affordable alternative to apartments, where they can start families while they wait for entry-level homes to come on the market.
New-home construction is still very low. It may be tempting to blame this on the builders, but Real Estate Economy Watch points out that after the crash in 2007, thousands of smaller builders closed down, and many of those who survived did so by selling off their inventories of prime real estate earmarked for future construction. They predict that builders will make a dent in the higher-tier housing soon, but that they would help the inventory problem more if they concentrated on the lower-end demand.
Baby boomers are running behind. Everything from later retirement ages, longer careers, better health, and loss of household wealth/equity during the Great Recession have contributed to a slower-than-expected timeline for this generation. But Real Estate Economy Watch predicts that this will change as many must convert their equity into cash while they can still enjoy it, and says others won't be able to afford the costs to retrofit current homes in order to age in place.

Condolences

To friends and family of Roderic M. Bessard, Century 21 M & M and Associates, who recently passed away.

FREE Training Classes

Clerical User Training

Wednesday, March 30

10 a.m. - 1 p.m.

Clerical User Renewal

Wednesday, March 30

10 a.m. - 11:30 a.m.

MLS Training

Tuesday, April 5

10:30 a.m. - 12 p.m.

Realist

Thursday, April 7

10:30 a.m. - 12 p.m.

RPR

Thursday, April 14

10:30 a.m. - 12 p.m.

zipForm Plus & Digital Ink

Tuesday, April 26

10:30 a.m. - 12 p.m.

Weekly Schedule

Monday 3/28/16

HUD

2 p.m. - 4 p.m.

Tuesday 3/29/16

MLS Meeting:

8:30 a.m.

Speaker:

Wednesday 3/30/16

FAR Opens

9 a.m.

Thursday 3/31/16

Friday 4/1/16

Investors/Exchangors

8:30 a.m.