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Report: Justice Department Begins ‘Formal Inquiry’ Into California Association of Realtors

by Phil Hall | Jul 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) has launched a “formal inquiry” into the California Association of Realtors (CAR) in response to a consumer group’s complaint about the organization’s contracts and forms. According to the Orange County Register, the...
California Home Sales Edged Lower in June

California Home Sales Edged Lower in June

by Phil Hall | Jul 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s closed escrow sales of existing, single-family detached homes totaled a seasonally adjusted annualized rate of 270,200 in June, according to data from the California Association of Realtors (CAR). This represented a 0.8% drop from the revised 272,410...
Nonprofit Backed by Realtors’ Group Sues Beverly Hills Over Rejected Development

Nonprofit Backed by Realtors’ Group Sues Beverly Hills Over Rejected Development

by Phil Hall | Jul 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A nonprofit group sponsored by the California Association of Realtors (CAR) announced it was suing the City of Beverly Hills for rejecting an application to build a 165-unit mixed-used development. The project’s proposed location is a vacant lot in an area...
California’s Median Home Price Sets New Record High

California’s Median Home Price Sets New Record High

by Phil Hall | Jun 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home price in California reached a new record high of $908,040 in May, up by 0.4% from April and up by 8.7% one year ago, according to new data from the California Association of Realtors (CAR). This marked the second consecutive month where the median home...
California’s Median Home Price Sets New Record High

California Median Home Prices Soar Past $900K Level to New Record High

by Phil Hall | May 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California’s median home price reached a new all-time high at $904,210 in April, up 11.4% from $811,510 one year earlier and up 5.8% from March’s $854,490. According to the California Association of Realtors (CAR), this is the first time the median home price...
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