View the latest sales and price numbers. Find out where sales will be in upcoming months.
Watch our C.A.R. economists provide updates on the latest housing market data and happenings... quickly!
Get a roundup of weekly economic and market news that matters to real estate and your business.
Gain insights through interactive dashboards and downloadable content.
All Shareable Reports All Interactive DashboardsCatch up with the latest outreaches and webinars by the Research and Economics team.
C.A.R. conducts survey research with members and consumers on a regular basis to get a better understanding of the housing market and the real estate industry.
California Model MLS Rules, Issues Briefing Papers, and other articles and materials related to MLS policy.
Looking for information on how to file an interboard arbitration complaint? You've come to the right place! Find the rules, timeline and filing documents here.
Summaries and photos of California REALTORS® who violated the Code of Ethics and were disciplined with a fine, letter of reprimand, suspension, or expulsion.
The most recent edition of the Code of Ethics and Standards of Practice of the National Association of REALTORS®.
The California Professional Standards Reference Manual, Local Association Forms, NAR materials and other materials related to Code of Ethics enforcement and arbitration.
C.A.R. advocates for REALTOR® issues in Washington D.C., Sacramento and in city and county governments throughout California.
CREPAC, LCRC, IMPAC, ALF and the RAF comprise C.A.R.'s political fundraising arm.
REALTOR® Action FundLearn how you can make a difference, by getting involved yourself or by passing along valuable information to your clients.
Time to bring it home. Complete transactions and contracts electronically through zipForm®.
Realtor® Secure Transaction is your place to discover, access and master the essential tools for a modern, efficient and secure transaction.
Transaction management and forms software with all the must-have features, including current statewide contracts, local forms, and more.
Transaction Products Service Providers Forms Libraries Training and SupportFree advice to help you understand the form you're using with Forms Tutor® and identify which form you need for your transaction with Forms Advisor™
C.A.R. Standard Forms are developed by the C.A.R. Legal Department which gathers input from real estate professionals and attorneys to create user-friendly, comprehensive, and dependable forms.
C.A.R. now offers a list of Certified Home Inspectors for our REALTORS® members. Participants of this program have completed certain background and education requirements. Click Here to see the program details and a directory of Certified Home Inspectors.
Advice, Support and materials to improve your transactions.
Your one-stop-source for exclusive offers, discounts, and free trials.
Everything you need for a successful property management & leasing business
A collection of educational and technology resources designed to help you achieve profitability and better prepare for your financial present and future.
Download the latest C.A.R. mobile apps, including CARmojis & Stickers, C.A.R., Legal Hotline, CA REALTOR® EXPO, and zipForm Mobile.
Help potential buyers open the door to home-ownership by searching from over 400 available down payment assistance programs throughout California.
Legal articles, many in question and answer format, are currently available on over 150 subjects in 50-plus categories.
The Legal Action Fund advocates the REALTOR® point of view and assists in lawsuits pivotal to the real estate industry. Learn more about how the Legal Action Fund supports you in your business.
Quick Guides (1-page articles) and PowerPoint presentations on key legal topics.
Wish you could catch up on California real estate law without having to read even more documents? Relax and watch a video as C.A.R.’s Legal Live Webinars bring you up-to-date on the hottest topics in real estate law.
While you’re driving to your next meeting, would like our attorneys to update you on how to best protect yourself and your clients? Subscribe to our Legal Matters Podcast, and we’ll bring the most critical information right to your device.
Need help on a legal issue? First, pick one of the topics.
Important industry cases, resources and information
Small Claims CourtCurrent legal developments, C.A.R. legal products and services.
Realegal®Help, I need backup! Whether it's legal or financial help you need, C.A.R.'s got your back with these resources.
If you're a member looking to resolve a minor dispute or communication issue with another REALTOR®, a C.A.R. ombudsman may be able to help!
C.A.R. REALTOR® volunteers are specifically trained and are available to answer questions from other members about the Code of Ethics, and can provide information and limited counseling concerning its proper interpretation.
Your lifeline to the lending community formerly known as the Finance Helpline and Mortgage Rescue™. Find contacts and answers to all mortgage related questions, and problems that arise in your real estate transaction. Get assistance today!
Lending ResourcesNeed assistance on Transactions – zipForm Edition, purchasing a course, or other general membership questions? The Customer Contact Center is only a phone call away.
The C.A.R. Real Estate Mediation Center for Consumers has mediators available to assist buyers and sellers (as well as other parties to real estate transactions) in resolving their disputes.
Did you know that for zero dollars and zero cents, you can speak with an attorney about your transaction? If you don't believe us, check it out yourself.
We offer a wide array of real estate educational courses, certifications & designations in various formats.
Easily renew your real estate license with the FREE 45 hour online license renewal package from C.A.R.
Distinguish yourself by learning how to build a business that specializes in niche markets to nearly double your earning potential in various real estate sectors
Transaction Coordinator DirectoryBrowse our class schedule to find when and where to take real estate courses.
Classes by Topic Online Bundles Risk and Education Management System Harassment Prevention CoursesPrepare to earn your real estate license with our online courses
Complete your eight-hour NMLS license renewal requirement through our NMLS-approved provider, OnlineEd
The main Business Meetings page includes important links for Directors and Committee Members. The next regularly scheduled C.A.R. Business Meeting takes place February 13-16, 2024 in Monterey.
Tentative ProgramCheck out NAR's upcoming meetings and conference schedule.
REimagine! Real Estate Conference & Expo is where learning takes center stage and where business solutions and connections are at the forefront of the real estate industry.
Learn how to schedule a C.A.R. outreach speaker for your next event and access presentations from previous outreaches.
View C.A.R's upcoming and past virtual events.
A one-stop shop for tools and and resources to educate consumers about the intricacies of buying and selling a home and how a REALTOR® can help.
Prop 19 Down Payment Resource Directory Infographics One Cool Thing Tax Reform One Sheets Fire InsuranceExplore and interact with the latest market statistics.
Housing Market Summary County Market Updates Housing Perspective Market @ A GlanceGot knowledge? All the info you need on California’s housing market, economy, and issues impacting the industry.
This information is designed for Real Estate Brokers and Office Managers to assist you in supporting your real estate business.
CCRE's mission is to advance industry knowledge and innovation with an emphasis on convening key experts and influence-makers.
Frequently Asked Questions about the Tax Cuts and Jobs Act
From webinars to videos and podcasts to blogs, C.A.R. keeps you in the know.
Videos Webinars PodcastsC.A.R. publishes eight magazine issues and various newsletters throughout the year.
Newsletters California Real Estate MagazineThe latest housing market forecast and projection to what lays ahead.
View the latest sales and price numbers. Find out where sales will be in upcoming months.
Your housing hub for market analysis, economic trends, and housing news.
Watch our C.A.R. economists provide updates on the latest housing market data and happenings... quickly!
Get a roundup of weekly economic and market news that matters to real estate and your business.
Gain insights through interactive dashboards and downloadable content.
Shareable Reports Interactive DashboardsCatch up with the latest outreaches and webinars by the Research and Economics team.
C.A.R. conducts survey research with members and consumers on a regular basis to get a better understanding of the housing market and the real estate industry.
You’ve gone pro! So here are guidelines about MLS rules and professional standards.
California Model MLS Rules, Issues Briefing Papers, and other articles and materials related to MLS policy.
Statewide MLS InitiativeLooking for information on how to file an interboard arbitration complaint? You've come to the right place! Find the rules, timeline and filing documents here.
Summaries and photos of California REALTORS® who violated the Code of Ethics and were disciplined with a fine, letter of reprimand, suspension, or expulsion.
The most recent edition of the Code of Ethics and Standards of Practice of the National Association of REALTORS®.
The California Professional Standards Reference Manual, Local Association Forms, NAR materials and other materials related to Code of Ethics enforcement and arbitration.
Resources for Hearings via Zoom Online Training for Professional Standards Volunteers Professional Standards Webinars Professional Standards Ambassador Program Professional Standards Administrator Certification Professional Standards Train the TrainerAn industry that works together, thrives together. Participate in legislative advocacy as a C.A.R. member!
C.A.R. advocates for REALTOR® issues in Washington D.C., Sacramento and in city and county governments throughout California.
CREPAC, LCRC, IMPAC, ALF and the RAF comprise C.A.R.'s political fundraising arm.
REALTOR® Action FundLearn how you can make a difference, by getting involved yourself or by passing along valuable information to your clients.
Californians for Homeownership was founded in response to the California Legislature’s call for public interest organizations to fight local anti-housing policies on behalf of the millions of California residents who need access to more affordable housing.
Programs and grants to provide direct assistance to address the housing crisis in California.
Make A DonationThe Rising Star Award program is a C.A.R. initiative designed to work with the brokerage community to recognize their up-and-coming agents.
C.A.R. stands ready to assist REALTORS® who have been impacted by wildfires through its Disaster Relief Fund and NAR's REALTORS® Relief Foundation.
California Wildfire ResourcesScholarships for California students planning to pursue a career in real estate.
Grants for California REALTORS® and residents pursuing real estate education.
Find out more information on key diversity and inclusion programs and projects available.
Fair Housing Latino Professionals Network C.A.R. Women's InitiativeNew to the industry? YPN is a network to sharpen your skills, heighten your leadership, and connect with fellow REALTORS®.
Rising StarAdding REALTOR® next to your name is cool. What comes with that title is even cooler. Check out your benefits.
As a member of C.A.R., you receive more than 100 free and discounted benefits. Find out more about your member benefits here.
NAR Member Discounts C.A.R. Insurance ProductsAs a C.A.R. member you may have questions about your association and the industry. Find the answers here.
Member FAQs Glossary Service ProvidersC.A.R.'s annual consumer advertising campaign creates awareness of the REALTOR® brand and demonstrates the many benefits of the consumer-REALTOR® relationship.
Online Campaign Paid Social Partnerships Podcasts Search Sponsorship and Branding Video CampaignSmart Zone provides tools and insights necessary to convey your unique value proposition, effectively market your services, keep your clients abreast of current real estate market trends and help you achieve success in a dynamic industry.
Meet the 2023 C.A.R. Leadership Team
C.A.R. is a statewide trade association dedicated to the advancement of professionalism in real estate.
Annual ReportThe CALIFORNIA ASSOCIATION OF REALTORS® is committed to bring you tools and information to help you succeed. Here are some of the innovative tools, services and education C.A.R. provided to help you achieve your professional goals.
C.A.R.'s Media Center houses the Association's news releases, media guidelines, and logos.
News ReleasesC.A.R. and its subsidiaries are currently recruiting for the following job opportunities.
Administrative Assistant - Corporate Legal DEI Director IT Helpdesk and Technical Training Coordinator Member Experience Insights Analyst Political Affairs Coordinator Quality Assurance and Training Specialist Senior Staff AccountantPartner With Us
Learn about advertising with C.A.R.
Whichever department you are looking to speak with, don't hesitate to reach out! We'd love to hear from you.
Looking for additional assistance? The Customer Contact Center is looking forward to serving you Monday through Friday between the hours of 8:30 a.m. and 4:45 p.m.
Need help finding the right person? Try searching through our various rosters & directories.
Time to bring it home. Find zipForm®, transaction tools, and all the closing resources you'll need. Except for the champagne — that's on you.
Take your professional development up a few notches. Here you'll find educational materials, marketing tools, training videos, and more to keep you on top of your game.
We want you to feel like a champion every day. Find information on market data, government affairs, legislation, and trending industry issues.
We're here to support you in every way possible. Learn more about your discounts, benefits and how your C.A.R. membership can help you succeed.
The California Professional Standards Reference Manual, Local Association Forms, NAR materials and other materials related to Code of Ethics enforcement and arbitration.
Resources for Hearings via Zoom Online Training for Professional Standards Volunteers Professional Standards Webinars Professional Standards Ambassador Program Professional Standards Administrator Certification Professional Standards Train-the-TrainerC.A.R. and its subsidiaries are currently recruiting for the following job opportunities.
Administrative Assistant - Corporate Legal DEI Director IT Technical Training Coordinator Member Experience Insights Analyst Political Affairs Coordinator Quality Assurance and Training Specialist Senior Staff Accountant
Methodology
C.A.R. looks at the monthly mortgage on a single family detached home based on the C.A.R. median price and the Real Facts average rent in each respective area for the first quarter of 2014. The monthly costs of home ownership include the mortgage payment, insurance and taxes. The mortgage interest and tax deduction savings are subtracted from the cost of ownership. The monthly costs of renting include the rent payment and renters’ insurance.
Assumptions
• Owners and renters live in same residence for 7 years.
• Income tax rate: 34.3% (25% federal plus 9.3% CA income tax bracket) based on annual household income of $87,698 for married couple filing jointly. (Source: C.A.R.)
• Inflation rate: -1.5% (Source: U.S. Bureau of Labor Statistics)
Homeowner
• Have a 20% down payment
• Median price, loan amount, mortgage interest rate and monthly payment (Source: C.A.R.)
• Term: 30 years
• MID & property tax deduction savings calculated based on 30-year amortization schedule. Average of first seven years was taken.
• Property tax rate: 1% the first year and increases by 2% annually
• Annual home insurance cost: 0.38%
• Average annual spending on home improvements & repairs: $2,370 (Source: Harvard JCHS)
• Investment appreciation calculation
o Average annual (tax-free) home price appreciation rate: 5.3% (Source: S&P/Case-Shiller)
o Present value of the accrued interest on median price over 7 years
Renter
• Security deposit: $1,700, average California monthly rent (Source: RealFacts)
• Monthly payment annual rent increase:
|
Area |
% Inc |
Avg Rent |
|
Inland Empire |
6.9% |
$1,246 |
|
Los Angeles |
7.8% |
$1,991 |
|
Oakland MSA |
13.8% |
$1,947 |
|
Orange County |
6.2% |
$1,807 |
|
Sacramento |
8.3% |
$1,101 |
|
San Diego |
7.5% |
$1,653 |
|
San Francisco |
13.9% |
$2,995 |
|
Santa Clara |
11.8% |
$2,457 |
|
California |
9.5% |
$1,790 |
• Average of present value of accrued interest on starting rent over 7 years
• Monthly renter insurance cost: $22.5 (Source: Cost Helper)
• Investment appreciation calculation : 11.8% (Source: DJIA from FRED)
o Investment = home down payment + security deposit
o Capital gains tax rate: 15%
o Present value of accrued interest on down payment and security deposit sum over 7 years
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