“Quick Facts:
· C.A.R. First-time Buyer Housing Affordability Index stood at 67 percent in the second quarter of 2009 compared with 49 percent (revised) in the second quarter of 2008
· The median price of an entry-level home in California was $224,180 in the second quarter of 2009
· The estimated monthly payment including taxes and insurance was $1,330 in the second quarter of 2009
· The minimum household income needed to purchase an entry-level home in California in the second quarter of 2009 was $39,930″
California Association of REALTORS most recent data shows affordability is at at an all time high. It’s no wonder buyers are opting to own for the cost of renting.
Read Article here:
California Association of REALTORS Board of Directors Meeting in Monterey, Ca
Most people think that as a real estate agent your job is to sell homes and make a commission. The fact of the matter is that as a “REALTOR” I have been given the responsibility to have a voice and “CHANGE” the very fabric of our industry. I absolutely love this democratic process in our industry, how does this benefit you?
Our responsibility is to protect the private property rights of you (our Clients) and to continue to look at the following:
· the way we do business with other REALTOR members
· provide services to our clients
· create legislation to protect our clients and our members
· Educate ourselves on issues that affect our trade
In an environment where people are getting out of this business I have made a decision do deepen my roots in this industry and to serve as a volunteer at the highest levels of organized real estate.
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