Market picks up in February: sales climb, price steady February closed with 699 sales, a 22.2% increase from January (572). Compared to one year ago (1,082), the current figure is still down 35.4%. Of the 699 sales this month, 105 (15%) used cash financing, 432 (61.8%) used conventional, 98 (14%) used FHA, 49 (7%) used …

February 2023 Statistics Read More »

Sales volume dips for year’s start, sales price sees increase January closed with 572 sales, a 28.9% decrease from December (804). Compared to one year ago (1,030), the current figure is down 44.5%. Of the 572 sales this month, 92 (16.1%) used cash financing, 329 (57.5%) used conventional, 95 (16.6%) used FHA, 33 (5.8%) used …

January 2023 Statistics Read More »

Provided by SAR’s Local Candidate Recommendation Committee Local elections can be won or lost by just a few votes! Imagine the impact if every SAR Member came together to use their vote as their voice in local government. Your Vote Matters The Nov. 8th election will decide several critical local seats that will impact private …

Local Candidate General Election Guide Read More »

A number of your fellow SAR Leaders have been appointed to serve on various Committees at a National Level for 2023. By serving on a committee of the National Association of REALTORS®, these exceptional leaders not only push SAR further into the national spotlight, but they also solidify SAR as powerful association with strong ties …

SAR Leaders Selected for National Committee Roles Read More »

Get the most from your Membership with RPR®. Don’t miss free webinars and classes with a variety of dates offered. You have a powerful tool at your fingertips, get the most out of it. Realtors Property Resource® delivers on-the-go access to an all-encompassing real estate platform, available exclusively to REALTORS®, and offered at no additional …

Boost Your Business with RPR Read More »

On June 7, SAR awarded over $46,000 in Scholarship to Local Students. For those of you familiar with the SAR Main Meeting schedule – you know that June means something special: the SAR Scholarship Awards Presentation. Every year, the SAR Scholarship Trust is proud to present these awards to so many local students. Competition is …

2022 Scholarship Awards Read More »

Provided by SAR’s Local Candidate Recommendation Committee Imagine the impact if every SAR Member came together to use their vote as their voice in local government. Local elections can be won or lost by just a few votes!

Where to Vote/Drop Ballot Sacramento County | Yolo County Same Day Voter Registration Track Your Ballot California Propositions

Make a Pledge by Wednesday November 11th to be recognized during the December 1st Main Meeting! For more than 30 years, the Christmas CanTree effort has commemorated the holiday season by bringing our REALTOR® and Greater Sacramento communities together in the spirit of service. While this year doesn’t look like most years, we are counting …

Support CanTree 2020 Read More »

Steve became a valuable member of SAR in 2007 and will be greatly missed by members and staff alike. He served on the CanTree, Scholarship Fundraising, and Volunteer Coordinating committees. Recently, he was a huge contributor to both the Scholarship and CanTree fundraising efforts. Aside from his generous charitable involvement, he was a proud Sac …

In Honor of Steve Larson Read More »

Thanks for your interest in the Fourth Annual [Virtual] Housing Fair! This year’s setting is a little different but still has the same vital information to help you Clear a Path to Homeownership. Scroll down to choose between two structured tracks with sessions to best suit your current situation. Each session is lead by a …

2020 Housing Fair Read More »

If you are experiencing trouble logging into Prospector+, here are three things you can try to resolve the issue: Open a new browser and enter the following url: prospector.metrolist.net Clear your cache and/or history. View instructions here Update any bookmarks or shortcuts to the Prospector+ system. The url should be: prospector.metrolist.net

We stand in solidarity with those peacefully protesting police brutality and hope positive changes are made as a result. The Sacramento Association of REALTORS® strongly condemns the criminal activity witnessed in the homicidal killing of George Floyd in Minneapolis, MN. We reject racism and the actions of anyone that disrespects or devalues the life of …

George Floyd Statement Read More »

On March 17, 2020, the Sacramento City Council adopted an emergency ordinance to establish a temporary moratorium on evicting tenants unable to pay rent due to a loss of income caused by the Coronavirus Disease 2019 (COVID-19). This moratorium will end once the Governor’s Executive Order N-28-20 issued on March 16, 2020 terminates on May …

City of Sacramento Eviction Moratorium Read More »

We understand that during these uncertain times it is important to stay informed, but with so much information that changes daily it is difficult to sort through everything. Therefore, our staff has been working diligently to stay on top of all the useful and relevant resources for our members to access through one page on …

Valuable Resources During this Time Read More »

On March 23rd in an effort to provide market liquidity during the coronavirus emergency, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to provide alternative flexibilities to satisfy appraisal requirements and employment verification requirements through May 17, 2020. Fannie and Freddie will use alternatives to reduce the need for appraisers to …

Fannie and Freddie: What You Need to Know Read More »

These are unprecedented times. With that has come uncertainty and concern, but SAR is here to help our members in any way possible. So are our statewide and nationwide organizations. Recently the United States passed H.R. 6201 “Families First Coronavirus Response Act” to provide relief for the nation during this crisis. Below you will find …

Impact of Families First Coronavirus Response Act on SAR Members Read More »

The IRS issued guidance Thursday, April 9th, to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of …

IRS Extends Tax Deadlines Read More »

Update: SAR Staff is pleased to announce that Sacramento County has updated their Public Health Order, and included our recommendation that occupied residences are now able to be shown. The order becomes effective at 11:59 p.m., May 1, and will be in effect until 11:59 p.m., May 22, 2020, or until it is extended, rescinded, …

Sacramento County COVID-19 Update Guidelines Read More »

In the world of COVID-19 it seems like everything is constantly changing. Initially the federal government published a list of essential services during this time of restricted activity. It did not include real estate as an essential service. In the State of California, when Governor Gavin Newsom issued the stay at home order he referenced …

COVID-19 Update from SAR CEO Dave Tanner Read More »

As 2019 comes to a close, we want to make sure we update you on the legislation that becomes law on January 1, 2020. It has been a busy year for our Government Affairs Team, but we know that these pieces of legislation have important impacts on your business. Please stay tuned for our Political …

A Legislative Review: What Happened This Year (2019) Read More »

The Sacramento City Council voted and passed a budget proposal for Measure U funds earlier this month. Unlike a typical city budget vote, this one received a great deal of attention and controversy due to the exclusion of two districts when determining which local projects an initial $16 million from Measure U would fund. These …

Measure U: City of Sacramento Budget Update Read More »

The National Association of REALTORS® evaluated their membership demographics and compared certain aspects from 2017 to 2018 and found some interesting changes. In that one year, there was a 4% increase in the number of female REALTORS® and a 5% increase in net income for REALTORS® overall. REALTORS® continue to see an overall growth in …

An Update on REALTOR® Demographics Read More »

We are in the midst of an immense housing shortage in California, and our new Governor is on a mission to begin repairing it. Governor Gavin Newsom’s housing plan is part of his $1.75 billion 2019 housing crisis package. He spoke throughout his campaign about building 3.5 million new housing units in California by 2025. …

Gavin Newsom Housing Plan Support Read More »

PACE loans, or Property Assessed Clean Energy loans, are a way to borrow money for clean energy projects. California has many providers of PACE programs. A consumer may see them in the marketplace as HERO, (Home Energy Renovation Opportunity), YGrene, or CaliforniaFIRST. These loans get people’s attention because they finance green energy projects with no …

PACE Loans: Consumers Beware Read More »

Read the current status of the most important legislation to the real estate industry. Most of the following are bills in the California State Legislature, and two in Congress. We are closely following these bills as they all have potential to influence you as our members.

California has continuously adopted aggressive and far-reaching goals for greenhouse gas emissions reductions. Specifically, these goals aim to reach an 80 percent reduction below 1990 greenhouse gas emissions levels by 2050. Local jurisdictions in the Sacramento Region toyed with the idea of mandating electric appliances to lead the state in greenhouse gas emissions policy. Electrification …

The True Cost of Electrification Read More »

On February 7th, the NAR held their first annual Policy Forum at the Grand Hyatt in Washington, DC. This forum included dozens of industry stakeholders and hundreds of invested attendees who want to be a part of the reform that Congress and the Federal Housing Finance Agency (FHFA) are proposing for government sponsored enterprises. Two …

New Vision for Fannie Mae and Freddie Mac Read More »

At C.A.R. last month, many potential and existing issues were discussed and what it means to the REALTOR® community. REALTORS® are preparing for possible policy regarding requiring electrification of housing. Since 2006, California has adopted aggressive and far-reaching goals regarding greenhouse gas emissions and how to drastically reduce them. The goal for entire electrification of …

Electrification of Housing Read More »

Despite Prop 10 failing this November, leaving the Costa-Hawkins Rental Housing Act to stay, the fight to prevent rent control in Sacramento remains. Rent control continues to be an active topic of discussion and possible policy to be voted on in 2020, as the Service Employees International Union (SEIU) has drafted an initiative establishing rent …

Rent Control: The Battle Is Not Over Read More »

The Internal Revenue Service, along with the National Treasury, ruled in mid-January that they would allow real estate professionals to benefit from the Section 199A 20 percent pass-through deduction. It had been unclear to real estate professionals what the 2017 Tax Cuts and Jobs Act would do for them come tax season, but after the …

New IRS Regulations to Help Real Estate Professionals Read More »

An exciting win for home sales as Federal Emergency Management Agency (FEMA) had reversed their original ruling a few days later to discontinue the National Flood Insurance Program (NFIP) as the government continued to be shut down. Last month FEMA made a surprise ruling which disallowed new and renewal flood insurance policies during the government …

FEMA Ruling Reversal: A Win for NAR and for Home Sales Read More »

The Mayor of Sacramento, Darrell Steinberg, and Mayor of West Sacramento, Christopher Cabaldon, have teamed up and formed the Mayor’s Commission on Climate Change. This commission was created to develop common goals and strategies for both cities to reduce greenhouse gas emissions and to make suggestions as to what they would like to see in …

Climate Commission and Potential Real Estate Implications Read More »

The Sacramento Association of REALTORS® are contributing $50,000 to a joint effort with Sacramento County and the City of Sacramento to shelter homeless individuals. SAR President Franco Garcia said the following: “As the largest housing advocacy group in the region, the Sacramento Association of Realtors is proud to have been asked to partner with the …

SAR Gives $50,000 to Shelter Homeless Individuals Read More »

The Sacramento Association of REALTORS® is proud to install its 100th president at the 2017 SAR Officer & Director Installation & Awards Dinner on Friday, January 13th at the Hyatt Regency Ballroom. In addition to being the 100th person to serve as president, Incoming President Franco Garcia will also be the first Hispanic President to …

SAR Installs 100th President Read More »

The Sacramento Association of REALTORS® Members and staff are thinking about, and concerned for, the victim who was attacked while showing property in Elk Grove. We are unaware as to whether or not she was an SAR member. None the less, no one ever deserves to be threatened or harmed. The Association is happy the …

SAR Response to Kidnapping of Individual Showing Home in Elk Grove Read More »

The Sacramento Association of REALTORS® Charitable Foundation and Scholarship Foundation Trust donated over $300,000 to local charities and causes in 2013 and 2014. In 2014 the Sacramento Association of REALTORS® gave over $164,000 to numerous different causes. Including $90,000 from the SAR Charitable Foundation to the SAR Christmas Can Tree benefiting the Salvation Army. The …

REALTORS® Give Back to Sacramento Region Read More »

The Sacramento Association of REALTORS® Charitable Foundation presented a check to the Salvation Army for $90,000 at a ceremony Tuesday finishing out their yearly Christmas CanTree fundraiser. Citrus Heights Mayor Mel Turner and Citrus Heights City Councilwoman and SAR Member Sue Frost light the ceremonial CanTree at the check presentation Tuesday. The Christmas CanTree is …

REALTORS® Raise $90,000 for Sacramento Needy Families Read More »

Sacramento is among the best markets for non-cash buyers, once again defeating the popular mantra that cash is king in real estate. MSN Money and Zillow compiled numbers on the ten best markets for non-cash buyers out of the thirty largest metropolitan areas. While Sacramento is not big enough to be included in their data, …

Sacramento is Among the Best Markets for Non-Cash Buyers Read More »

The Sacramento Association of REALTORS® gave $41,500 to forty-one deserving college bound high school seniors today. Scholarships are merit based and ranged from $2,500 to $500. The forty-one students who earned scholarships have an average GPA of 4.25 on a 4.0 scale. The Sacramento Association of REALTORS® annual scholarship drive has given $433,800 to 351 …

REALTORS® Invest Thousands of Dollars in Sacramento Youth Read More »

Cash is Not King in Sacramento County – Conventional Financing Dominating the Market Tight inventory and high demand continues to shift financing toward conventional mortgages. Cash sales started declining in May 2013 as conventional financing rebounded. According to data compiled by the Sacramento Association of REALTORS® from MetroList, sales by cash financing led the market …

Cash is Not King Read More »

REALTORS® Reaffirm Pledge to Uphold Fair Housing LawsAs outspoken supporters for fair housing issues and homeownership, the Sacramento Association of REALTORS® will join the nation as it honors Fair Housing Month this April. For over 100 years REALTORS® have promoted and protected the dream of property ownership for millions of Americans and strongly support the …

April is Fair Housing Month Read More »