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.
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 Support
Free 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.Transaction Tools Support Register for FREE Training Webinars
We're here to help, people! Business products and tools to empower REALTORS®.
Your one-stop-source for real estate products, forms, education, high-tech tools and more
Everything you need for a successful property management & leasing business
Download the latest C.A.R. mobile apps, including CARmojies & 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.
Q: Where do I go to get legal questions answered? A: Easy, look to the right!
This is a resource page for all things RPA 2021. It includes links to the RPA and RPA-related forms, training, legal presentations, and publications.
Forms, guides and other legal materials that may be used due to the spread of the Covid-19 strain of the coronavirus.
Legal articles, many in question and answer format, are currently available on over 150 subjects in 50-plus categories.All Legal Q&As
6 charts show REALTORS ® what needs to be disclosed and to whom in various sales and lease scenarios.Lease-Rental Disclosure Chart Sales Disclosure Checklist Sales Disclosure Chart
Need help on a legal issue? First, pick one of the topics.
PowerPoint presentations, videos and flyers for Brokers, Agents, and Consumers.
Short, helpful, 1-page articles 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.
The Legal Matters Podcast is the official podcast of the California Association of REALTORS® Member Legal Services Department.
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 Resources
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.
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.
Prepare to earn your real estate license with our online courses
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
Browse our class schedule to find when and where to take real estate courses.
Browse through the many courses we offer - listed in alphabetical order.Online Bundles
A special 1-day event pumped up with expert insight on Transaction Coordination (TC) practices throughout the industry.
The REMS system allows brokers to deliver quality education to their agents and track their progress.
Complete your eight-hour NMLS license renewal requirement through our NMLS-approved provider, OnlineEd
Mark your calendars for our yearly meetings and events!
The main Business Meetings page includes important links for Directors and Committee Members.Tentative Program Meeting Registration
NAR meeting information and materials.
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.REI 2020 Archive
You're the brand! Use our marketing tools to tell your story.
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 Infographics One Cool Thing Tax Reform One Sheets Fire Insurance One Sheet
Explore and interact with the latest market statistics.Housing Market Summary County Market Updates Housing Perspective Market @ A Glance
Marketing tools from C.A.R.'s consumer advertising campaign
Got 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
Be trendy -- stay current with our latest market forecasts and data analyses.
The 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.Current Sales & Price Statistics HAI First-Time Buyer Housing Affordability Index - Traditional Historical Housing Data Annual Historical Data Summary
Your housing hub for market analysis, economic trends, and housing news.
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.Buyer's Guide Housing Market Overview Market Update Videos View All Shareable Reports View All Interactive Dashboards
Catch 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. Results and analyses from these studies are released in different formats – written report, power-point, infographic, webinar, and podcast - and can be found in this section.
Stay connected with the latest releases by subscribing to the products and services that interest you.
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 Initiative
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®.
C.A.R. is presenting a 4-day Mediator Training for REALTORS® via Zoom webinar. All REALTORS® are welcome to register.
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 Administrator Certification Professional Standards Train the Trainer
An 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 Fund
It's the Law -- C.A.R.'s legal eagles tell you what you need to know to stay out of trouble.
California Code of Ethics and Arbitration Rules and external link to JAMS Arbitration service.
Summaries of legislation and regulation effecting REALTORS® and updates on news relevant to REALTORS®.2022 New Laws 2021 New Laws 2020 New Laws 2019 Real Estate Clean Up Law Changes 2019 New Laws 2018 New Laws 2017 New Laws Legal News
Important industry cases, resources and informationImportant Real Estate Cases (California and Federal) Small Claims Court
Learn on-the-go! The Legal Matters Podcast gives you bite-size nuggets of power-packed legal information that will help you protect yourself and your clients. Join our attorneys for a “Legal Bedtime Story” or for the scoop on vital issues like the “Top 5 RPA Mistakes”.
Current legal developments, C.A.R. legal products and services.Legal Foundation Realegal® SB 800 Member Legal Services Legal Action Fund Attorney Access Form
Represent! Join C.A.R. in our community and foundation programs.
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 Donation
The 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 Resources
Scholarships 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 Initiative
New to the industry? YPN is a network to sharpen your skills, heighten your leadership, and connect with fellow REALTORS®.
Adding 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.C.A.R. Member Discounts NAR Member Discounts C.A.R. Insurance Products
As a new member of C.A.R. you have questions about your benefits and discounts. Find the answers here.Member FAQs
This is so us...who we are and what we do.
C.A.R. is a statewide trade association dedicated to the advancement of professionalism in real estate.Annual Report
Meet the 2022 C.A.R. Leadership Team
C.A.R.'s Media Center houses the Association's news releases, media guidelines, and logos.News Releases
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.
Whichever department you are looking to speak with, don't hesitate to reach out! We'd love to hear from you.
July 1, 2020
The housing market continues to recover with pent-up demand surging at the national level and mortgage applications rising as buyers capitalize on record low rates. While the outlook for the real estate industry is looking more positive than before, the negative impact of the coronavirus pandemic on the economy will linger on for a while. There are encouraging signs that the economic downturn has reached the bottom. Even so, the resurgence in coronavirus infections in recent weeks suggest that the pandemic is far from over.
U.S. pending home sales surged: The U.S. housing market mounted a record comeback in contract signing in May after two consecutive months of sales declines. NAR reported that the Pending Home Sales Index surged 44.3 percent in May, registering the biggest month-to-month increase since NAR started reporting the series in January 2001. On a year-over-year basis, the index dropped 5.1 percent. The index in the West region soared 56.2 percent from April but was down 2.5 percent from last May.
Showings remain well above 2019 levels. Since surpassing last year’s level in early June, the index of home showings has never looked back and remained well above 2019 level for the last three weeks. As of June 30, 2020, showing activity was 56.2 percent above the same time of last year, according to ShowingTime. Record low interest rates, coupled with pent-up demand built up due to the lock down, fueled the surge in showings since housing demand bottomed out in mid-April.
Weekly mortgage applications ticked down but still higher than a year ago. Purchase applications declined on a week-to-week basis for the second week in a row after nine consecutive weeks of solid gain, according to Mortgage Bankers Association (MBA). Despite the weekly slowdown, the index continued to improve from a year ago and it has had a double-digit year-over-year gain for five consecutive weeks since the last week of May. The slowdown in purchase activity likely reflects tight supply, which may also have contributed to the average purchase application loan size increasing to a record high in the MBA survey.
NAR revised forecast upward. With rates hitting record lows and pent-up demand bouncing back stronger than expected, the market outlook has improved. The latest NAR forecast has sales of existing homes off 7.7 in 2020, more optimistic than 10.7 percent projected in late May. The national median price is expected to increase 3.6 percent from 2019, compared to a 3.8 percent increase projected a month ago. Both sales and price are expected to improve in 2021, with existing home sales up 8.5 percent from 2020 and the median price up 2.5 percent year-over-year.
Consumer spending rebounded. Consumer spending rose 8.2 percent in May from a month earlier, double the prior all-time high since record-keeping began in 1959. It remained below pre-pandemic levels, with a decline of 12 percent from February. The monthly gain was driven by massive fiscal stimulus injected in April. Whether Americans will continue to spend at May’s pace is unclear, as recent surges in virus infections could curtail consumer spending in coming months.
Personal income fell. While spending increased, household incomes dipped on a month-over-month basis by 4.2 percent in May but were still up 3.8 percent compared with February. The boost in personal income in April and May will likely be a one-off as assistance programs expire, unless more stimulus is approved by Congress. For now, household finances are holding up as Americans are still saving a big chunk of their money. The personal savings rate stood at a historically high 23.2 percent in May, down from 32.2 percent in April but up from February’s 8.4 percent.
Consumer confidence jumped more than expected. The loosening of the stay-at-home order restrictions and the relative improvement in jobless claims may have given hope to consumers and help improve their assessment of the economic recovery. Consumer confidence increased in June to 98.1 from 85.9 in May, well above the consensus estimate of 91.5. It is too soon to tell, however, whether this upward momentum is sustainable as the recent flare-up in coronavirus cases could reverse the trend.
Coronavirus resurgence threatens to derail the recovery. With the number of COVID-19 hospitalizations increasing significantly in the U.S. in the last two weeks, many states are reversing their reopening. COVID-19 hospital patients in California have jumped more than 50 percent since mid-June, while the positivity rate has increased from 4.5 percent to 5.6 percent in the last 14 days. Governor Newsom has already ordered bars in seven counties to close and hinted on more restrictions to come ahead of the July 4 holiday.
Market pulled back in the latest week. Closed sales, pending sales and new listings in California all declined from the prior week. Is the pullback a blip or the beginning of a slowdown? It is too soon to tell what the real reason is behind the pullback. It could be a leveling off as the market got through the pent-up demand built up during the shutdown. It could be a slowdown in activity as market participants became concerned about the recent coronavirus resurgence. It could be an indication that the homebuying season is coming to an end and the market is transitioning into the off-season. The pullback could also be due to a lack of supply, as the level of new listings hit the lowest in the past four weeks. Only time will tell.
Prices leveling off. Home prices continue to improve on a week-to-week basis with a decelerating growth pace. The statewide median price per square foot for homes sold in the week ending June 26 remained on the rise but inched up only 0.5 percent from the previous week, a relatively small increase compared to an average gain of 2.7 percent in the past three weeks. Also, one-fifth (22%) of the REALTORS® who participated in a C.A.R. survey reported that sellers reduced their price to attract buyers in the latest week, the highest level since late May. The result is consistent with the latest weekly data collected from multiple listing services, which shows a bigger share of listings with price reduction when compared to the week before.
Market activities appear to be leveling off as both supply and demand slowed in our latest weekly readings. Buyers are back in force as record low mortgage rates and pent-up demand drive interest. However, the lack of new listings – supply from both existing housing stock and new constructions - continues to be an obstacle to the recovery process and the latest coronavirus resurgence will add more uncertainty to the overall big picture. Nevertheless, sales and price are expected to improve in June from April and May. While the market is still far from being normal, the recovery has begun, and market conditions will continue to improve for the rest of the year.