Sacramento Association of REALTORS

SAR Welcomes New Leadership for 2021 REALTOR Kellie Swayne Elected to President Each New Year the Sacramento Association of REALTORS installs a new president, a Member who has shown her passion and commitment to helping SAR grow and continue to be a leading REALTOR Association in the state and nation. SAR is proud and excited to welcome long-time Member Kellie Swayne as 2021 President. ...Continue reading

Join Our Next Regional Meeting: Tuesday, 1/26 @ 9:00am Our presenter is Attorney Keith B. Dunnagan of BPE Law Group. Keith will be presenting on Senate Bill 1079 and how it will impact the real estate industry. He will also be answering questions submitted via Zoom chat box.... Meeting link is the same each week and is available in the SAR Weekly Docket email and on our website, www.sacrealtor.org. Meeting begins promptly at 9:00am Date: Tuesday, January 26th Time: 9:00 10:30am

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Did you miss the MetroList Prospector+ presentations last week? Well you are in luck - they are available on MetroList's YouTube channel! Watch this 40minute presentation at your leisure to make sure you are well-prepared for the release of Prospector+. It's launching January 20th! https://www.youtube.com/watch?v=N7h1c9ZJSf4&feature=youtu.be

Four SAR Members gave their insights about the 2021 real estate market in this recent article by the The Sacramento Bee. Thank you to Ryan Lundquist, Erin Stumpf, Stephen Webb and Pat Shea for sharing! See link below for full article: https://www.sacbee.com/news/business/article248204575.html... Among questions asked: "Will homes prices rise in 2021? Any signs of a bubble burst? Webb: With vaccinations, if we have normalcy toward June, I think the market is going to see a boom. Sacramento is becoming a big-time city. We are attracting more folks. You are going to see prices rise ... if nothing else happens. That’s saying a lot! Lundquist: Prices are poised to continue to rise at the beginning of the year. We have a market with profoundly low inventory, heightened demand, and the steroid of mortgage rates below 3%. But in the background we have red flags lurking with high unemployment, economic uncertainty, and foreclosure and eviction moratoriums that have yet to lapse. In short, we’re still at the beginning of understanding the true effects of the pandemic. Ultimately at some point what goes up must come down. We are now entering our 10th year of price growth and last year the median price grew by nearly 9% in the region. We have a market that went way beyond where it would have had mortgage rates not gone below 3%. This type of growth is not sustainable. Shea: Elevated migration from the congested coastal areas, a solid job market for the home-buying and selling public and the Federal Reserve’s commitment to bargain basement interest rates will continue to fuel red-hot buyer demand in 2021. Consequently, the region is likely to see double-digit price appreciation. There will not be a bubble. (Mortgage) underwriting criteria has been stringent and low. Fixed-rate loan programs are the norm. Seventy-seven percent of all mortgages have interest rates below 5% (half below 4%). People have more home equity than ever and very manageable monthly mortgage payments. Stumpf: Psychologically, a lot of people see that our home values surpassed where they were in 2005 and fear we must be in a bubble. The reality is that the value of money changes and, when adjusted for CPI inflation (today’s prices are still lower than in 2005). There is also a lot of economic stimulus supporting homeowners. When the market does eventually decline because prices cannot go up forever we will not have the same financial hyper-extension, and many of those homeowners will have regained employment or sought alternatives that allow them to keep their homes. While some may eventually go into foreclosure or need to sell ... I believe there is enough demand to gobble up an influx of listings. There is a super high level of buyer demand." Link below for full article (paywall protected): https://www.sacbee.com/news/business/article248204575.html

Do you know how to create a Virtual Open House for your listings? Watch this helpful video by MetroList to learn how to create a Virtual Open House so you can market your listings to more potential homebuyers this holiday season! https://youtu.be/TzgviU-YFw4

https://sacrealtor.org/mentoring

Visit https:/sacrealtor.org/mentoring

End of 2020 Deadlines: SAR CEO Dave Tanner gives a brief update on a couple of deadlines for businesses - harassment prevention training for employees and the required Fire Susceptibility Disclosure for certain areas prone to wildfire risk. https://www.youtube.com/watch?v=p-NsVLOfnJU

New COVID-19 Restrictions and Real Estate SAR CEO Dave Tanner talks about the New COVID-19 Restrictions and how it affects real estate. https://youtu.be/_-G1fxzaR-0

Jordan Levine is the Deputy Chief Economist at the California Association of REALTORS and gives us some economic updates You can find the slides for this presentation here: https://sacrealtor.org//main_mee/11-2020_presentation.pptx

Join Our Regional Meeting Tomorrow 12/15 @ 9:00am. We will be hearing from Patrick Stelmach, SAR Board Member and Senior Director at Turton Commercial Real Estate. Get an update on new local development projects, sales and leasing trends with office space, the outlook for retail and restaurants and more. This is the last Regional Meeting of the year, holiday attire encouraged!... Meeting link is the same each week and is available on www.sacrealtor.org. Meeting begins promptly at 9:00am

Join us this Friday (12/11 @ 9:30am) for the Real Estate Resource Meeting where we will hear from SAR CEO Dave Tanner with an update 2021 New Laws. Get up to date and ready to take on the New Year! Meeting Link: https://us02web.zoom.us/j/86808217863

Real Estate Resource Meeting: C.A.R. Forms Update with Dave Tanner, SAR CEO Friday, November 6 9:30 - 10:30am Tune into to this special meeting to learn all about the latest C.A.R. real estate forms. ... Stay "in the know" and ahead of the competition. Attendees will also have an opportunity for Q&A. Don't miss it! Meeting Link below and also on www.sacrealtor.org: https://us02web.zoom.us/j/88971990610 See more

Sacramento ranked #1 on the Realtor.com list of top housing markets that are "expected to sizzle" in 2021 with an anticipated home price change of 7.4% "The nation's top markets of 2021 are tech hubs with strong job markets, state capitals where buyers can get more square footage for their money, and smaller cities that are affordable alternatives to the larger, coastal metropolises, according to a recent realtor.com analysis." What do you think will happen to the Sacramento... market in 2021? https://www.realtor.com//trends/top-markets-2021-for-mill/

Experience the enthusiasm and passion for real estate that an intern brings by becoming a mentor. When you guide an intern through the various aspects of the business, you enable them to decide if this is the industry for them See guidelines and application here - https://form.jotform.com/judy/Spring2021_mentor_application... Questions: Judy Shrivastava - [email protected] or 916.437.1207.

Join us Tuesday, 10/27 @ 9am for your weekly Regional Meeting. C.A.R. Directors Erin Stumpf and Chris Little will present the report and will allow time for Q&A with the attendees. This update will cover all that transpired during the recent C.A.R. meetings. These are important issues REALTORS should know. Meeting link is the same each week and is available on www.sacrealtor.org.

In the last main meeting of 2020, we have our CanTree Dedication to give the money we raised this year to the Salvation Army

Fraud Alert: Insurance Calls Not From NAR NAR Members have reported receiving unsolicited robocalls from various numbers, claiming to represent "NAR health insurance." These calls and texts do not originate from NAR. The association won't make unsolicited calls to enroll you in an insurance program or otherwise solicit your personal information. Read more here: https://www.nar.realtor//fraud-alert-insurance-calls-not-f

The positive effects of #YESon19 would be felt in different communities across the state. Help vulnerable Californians by voting YES on 19 and alleviate property tax stress for the elderly, the disabled, and the survivors of natural disasters.

If you enjoy sharing your knowledge with someone eager to learn about the real estate industry, please consider being a Spring 2021 Mentor. Below is a link to the guidelines and application. If you have questions, contact [email protected] or 916.437.1207. https://form.jotform.com/judy/Spring2021_mentor_application

Join us this morning (9am sharp) at the SAR Regional Zoom Meeting. We will be hearing from Criminal Investigator Scott Maldonado and Deputy District Attorney Sue Nelsen for a presentation on Real Estate Fraud. They will also be covering the outcome of a recent real estate fraud case. Don't miss it! Link is the same each week and available on www.sacrealtor.org.

Lyon Real Estate - Fair Oaks is one of the biggest supporters of our Christmas CanTree effort and this year is no exception! In lieu of their much-loved Chili Feed, they are hosting a BBQ Pickup Fundraiser to help raise funds for the Salvation Army. For more info or to place an order, give them a call at (916) 962-0111. Deadline to order is Monday 10/26

***UPDATE*** - We are continuing to accept donations at SAR through the end of the year! You can drop off donations in the SAR Retail Center. Thank you! SAR is partnering with local non-profit Julie's Purse Project to help collect essential items for those in need. This organization collects new and gently used purses and fills the purses with essential items. https://sacrealtor.org/jpp The filled purses are then delivered to other non-profits where they are given to women wh...o have experienced hardships including domestic abuse survivors, wildfire survivors who have lost everything, those recently released from incarceration and those experiencing homelessness. What goes inside a purse? Anything a person would need if starting over from nothing: toothbrush, toothpaste, feminine hygiene products, hair ties, lotion, shampoo, conditioner, soap, a brush, new makeup, new lip balm, mittens, a scarf, etc. We are having a drive-thru donation in the SAR West parking lot (2003 Howe Ave.) on 11/18 & 11/19 from 10am - 4pm. Donations can also be dropped off in the SAR store anytime during November. Please consider helping out this great local non-profit as we near the holiday season. Thank you!

Join Our Regional Next Week 11/10 @ 9:00am Join us Tuesday, 11/10 @ 9am for your weekly Regional Meeting. SAR CEO Dave Tanner will give an update on Article 10 from the REALTOR Code of Ethics. We will also hear from the SAR Gov’t. Affairs Team for a recap on local election results. There will be time for Q&A on both topics. ... These are important issues REALTORS should know. Meeting link is the same each week and is available on www.sacrealtor.org. Meeting begins promptly at 9:00am Date: Tuesday, November 10th Time: 9:00 10:30am Meeting Host: Elise Brown, Downtown Regional Meeting Coordinator Rates: Jai Jett, Golden Bay Mortgage Group Speakers: SAR CEO Dave Tanner & SAR Gov’t. Affairs Team Erin Teague & Carter Nelson

Have you ordered your BYO (Build Your Own) Sandwich Boxes yet?? The deadline to place your orders is tonight at 11:30pm so don't wait! We know you want that tasty cheesecake

In case you missed the special SAR Political Docket that came out this week, you can find all the information here. Brought to you by the SAR Government Affairs Team, this voter guide breaks down the local and state propositions/measures that affect the Real Estate Industry. Read up here for more information and make sure you're well informed before you vote! https://sacrealtor.org/vote Download the Quick Reference Voter Guide: https://sacrealtor.org//gov_aff/2020QuickRefVoterGuide.pdf Download the Detailed Voter Guide: https://sacrealtor.org//gov_aff/2020DetailedVoterGuide.pdf

Regional Meeting this Morning @ 9am Link available at www.sacrealtor.org With the election only 3 weeks away, voters will have a lot to think about before casting their vote. Tune in to get an exclusive SAR Member Election Guide and share your questions with our SAR Gov't. Affairs Team, Erin Teague and Carter Nelson.

Laiza Negrete and Sanjay Wagle from the California Association of REALTORS talk about the upcoming election and answer member questions. If you would like to watch SAR main meetings live you can find them at this Zoom link https://carorg.zoom.us/j/883676977 SAR Main Meetings are held the first Tuesday of the month (except January and July)

You can now order your "Yes on Prop 19" lawn signs! Order them here: https://forms.gle/7n3nkTJTuDP82epaA Note - you must first request to join the CAR HOME Coalition and verify with your NRDS number before you can order lawn signs. Don't delay!

https://www.yeson19.vote/ https://www.carhomecoalition.com/

In Case You Missed It Here are the slides from our special DRE Meeting last week with DRE Commissioner Doug McCauley.

It's CanTree Season yet again but we're miles behind where we usually are at this time of the year. Please consider making a pledge between now and November 3rd. Making a donation is easier than ever, visit https://www.sacrealtor.org/cantree to make your pledge today!

Felicidades, Rosanna Garcia! We celebrate you as a Latinx industry leader in honor of #LatinxHeritageMonth. Garcia forwards her mission by continuing to serve and empower her community attain financial independence, equity and intergenerational wealth through homeownership. Garcia emphasizes, ‘We must have a seat at the table. It is imperative that we continue to inspire and speak to Latinx REALTORS about the importance of being involved at any level.’ Currently, one of t...he biggest challenges facing the California real estate industry is access to affordable housing, a challenge which adversely affects marginalized communities, including Latinxs. Find her inspiring journey and that of other #Latinx industry leaders like herself here >> on.car.org/LPN. #BreakingDownBarriers #carLPN

Ballots are starting to go out this week to all registered voters. With so much at stake, we all have to do our part and vote. Check your voter registration here https://voterstatus.sos.ca.gov/ and don’t forget to vote #YESon19

On 9/29 we welcomed C.A.R. Government Affairs Representative Matt Bunch for an in-depth discussion on Prop 19 and why C.A.R. and SAR are urging voters to vote Yes on 19.

Zoom Meeting Link: https://us02web.zoom.us/j/81584851293

SAR Regional Meeting: Matt Bunch, C.A.R. Gov't. Affairs Representative Tuesday, September 29 9:00am... Join us tomorrow when we hear from C.A.R.'s own Matt Bunch for an in-depth presentation on Proposition 19 and why we need your vote for Yes on 19. Attendees will also have an opportunity for Q&A. Meeting link available on www.sacrealtor.org. Tune in to get all the details!

Register to Vote! https://covr.sos.ca.gov/ Key Dates: Election day is Nov. 3... Registration deadlines Online: Oct. 19 By mail: Postmarked by Oct. 19 In person: Nov. 3 Absentee ballot deadlines Request: Oct. 27 Return by mail: Postmarked by Nov. 3 Return in person: Nov. 3 by 8:00 p.m.

Congratulations to our Latinx industry trailblazer, Eva Garcia! Today, we honor her as a Latinx industry trailblazer in commemoration of #LatinxHeritageMonth! Since her start in real estate in 1963, Garcia continues to actively break down barriers through her commitment to equal access to homeownership. Challenging the status quo, Garcia is a relentless champion for equal access to homeownership, and she’s not new to this. During the ‘70s, Garcia remembers representing a... woman who worked at a local TV station with the purchase of her first house. After submitting her file, the Federal Housing Administration (FHA) called her asking if her client was married. Garcia tells us, ‘I said no, she is single, well qualified and she is ready to buy with her down payment and closing costs.’ The man told her she needed to be married. Without hesitation, she told him, ‘if she doesn’t get the loan, I will see you in court.’ The loan was approved and a single woman bought her first home." Learn more about her inspiring journey and other fellow Latinx industry leaders here >> on.car.org/LPN.

Get involved and be part of the growing coalition, working to pass #Prop19. #YesOn19 Join the Group: https://www.facebook.com/groups/carhomecoalition

Latinx Heritage Month is September 15th - October 15th. In commemoration, C.A.R. proudly celebrates the stories of 12 Latinx industry leaders who are using their voice and platform to break down barriers. Two of our own outstanding members were highlighted - congratulations Rosanna Garcia and Eva Garcia! Read their stories here and congratulate them below! Eva's Story: https://www.carlatinxprofessionalsnetwork-blog.com//eva-ga Rosanna's Story: https://www.carlatinxprofess...ionalsnetwork-blog.com//rosann During Latinx Heritage Month, let’s recognize the contributions and achievements of the Latinx community which have made an impact on our history and culture. Learn about their inspiring journeys here: on.car.org/LPN

Meeting Link: https://us02web.zoom.us/j/81584851293 DRE Commissioner Special Meeting Friday, October 2 | 9:30am Join this exclusive SAR Member Meeting where we will hear from our new DRE Commissioner Doug McCauley. Appointed in April 2020, Comm'r McCauley will be speaking on Licensing and changes with the DRE. Attendees will have an opportunity for Q&A. ... Meeting link available at www.sacrealtor.org and in SAR Weekly Docket.

Great video by #YesOn19. Supporting firefighters like Jaymes and other emergency first responders means voting for #Prop19. https://www.facebook.com/VoteYeson19/posts/161669305592962

Join us for our Regional Meeting tomorrow (9/22) @ 9:00am as we welcome Attorney Keith B. Dunnagan of BPE Law Group, P.C. for a discussion on the Agent Visual Inspection Disclosure (AVID). He will also cover contingency removals and will be answering attendee questions submitted via the Zoom chat box. Zoom Meeting link available at www.sacrealtor.org. (meeting link is the same each week) Don't miss this highly informative SAR Member Meeting!

Want to know more about #Prop19? Follow Yes on 19 to learn more and stay up to date on the campaign news. https://www.facebook.com/VoteYeson19

We had a great presentation by Jim Glickman, Chief Appraiser for the Sacramento County Assessor's Office, at our 9/15 Regional Meeting. Jim was kind enough to share the slides from his presentation with SAR Members. Please view them here.