Bill raises standards for real estate agents. A real estate industry-sponsored bill requires new agents to complete three classes before getting their state-issued license. The bill would require would-be agents to complete three classes -- one of them in real estate law -- before taking the test and getting the license. The proposed law has a variety of implementation and sunset dates so that, if enacted, it would affect only those people who would apply for a real estate license after January 2007. Click here to read more.
Real Estate Trends by Caroll Yule. Real Estate by the Numbers. "Prices are expected to rise about 5 percent this year despite the cooler market," according to the March 1 USA Today. "The number of homes for sale has risen to a six-month supply, which will translate into a slower rate of price appreciation than we experienced in 2005," said Leslie Appleton-Young, chief economist for the California Association of Realtors. Yes, our Victor Valley housing market has changed and is continuing to change daily, but all indicators indicate growth not recession. Realtors and economists agree — this is the "soft landing," the "market correction" that everyone predicted. The most important words for sellers in our current Victor Valley to remember are supply and pricing. First, let me show you some numbers regarding supply. Here are the total number of listings available in the Victor Valley Association of Realtors Multiple listing service over the last few years: For a complete picture of our supply you need to add 400 to 500 new construction homes available in tracts that are not generally listed in the MLS. Of the 2,764 homes currently listed, 1,244 homes are priced between $300,000 to $400,000. The numbers speak for themselves and our sellers need to listen. Competition means that pricing is critical. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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