Dear Member,

Please reserve your tri-tip dinner for 4 today. Proceeds benefit The MCAR Charitable Trust's ongoing annual scholarships for local students. $50 to feed four people is a great deal so get it before it's gone! This fundraiser is also open to the public and sharing it with your friends and networks is highly encouraged.

Please also see the latest opportunity for charitable giving and awesome prizes from Women's Council of REALTORS® Monterey Peninsula, benefitting the Read to Me Project for early childhood education.

Lastly, please see the latest news and updates from C.A.R.

Kevin
Please register for your tri-tip dinner today! We need to know how many meals to make no later than October 29th. Split a meal for four with colleagues, bring it home to family, or order two and do both!

MCAR Members: Click here to login and order.

For the public: Anyone may click here to place an order.
C.A.R has published an updated chart summarizing new laws passed by the California Legislature that may affect REALTORS® in 2021. Please click the link below to login at C.A.R. and read more.
California Housing Market Outperforms Expectations
 
California’s home-buying season extended further into September as home sales climbed to their highest level in more than a decade, and the median home price set another high for the fourth straight month, according to C.A.R.’s latest monthly sales and price report. 

September sales rose 5.2 percent from 465,400 in August and were up 21.2 percent from a year ago, when 404,030 homes were sold on an annualized basis.

California’s median home price exceeded the $700,000 mark for the second consecutive month, as it reached $712,430 in September, edging up 0.8 percent from August’s $706,900 and jumping 17.6 percent from $605,680 in September 2019.
Facebook Live Discussion on Prop 19
 
Join C.A.R. and a panel of supporters for a discussion on Facebook Live to learn how Prop. 19 benefits you, your clients and the California economy. 

The panel will be moderated by C.A.R. President Jeanne Radsick. She’ll be joined by Kristy Milltello, Tubbs Fire survivor; George Mozingo, California Senior Advocates League Board Member, and David Wolfe, Taxpayer Advocate and Former Howard Jarvis Taxpayers Association Legislative Director.

Join the conversation and ask your questions about Prop. 19 on Tuesday, Oct. 27, at 11 a.m. PT.
California Newspapers Endorse Proposition 19 
 
Major newspapers across the state have endorsed Prop 19, including the San Diego Union-Tribune, Modesto Bee, Fresno Bee, Sacramento Bee, San Luis Obispo Tribune, and San Mateo Daily Journal. 

New television ads are also running statewide. Watch them here and share online with your social networks.

With election day in less than three weeks, have you obtained your “Yes on 19” lawn sign yet? If not, request one by filling out this request form.

Email us to learn how you can get involved or get more information and resources. 
Update on Coronavirus Market Impacts
 
The economy continues to bounce back but is recovering at a moderate pace. While many economic indicators are clearly showing signs of improvement, it will take time to get back to the pre-pandemic level as many uncertainties remain unanswered. The housing market, on the other hand, remains a rare bright spot even as it transitions into the traditional slow time of the year. While the market is showing signs of leveling off in recent weeks, it is still stronger than normal as low rates and renewed interest in home buying continue to fuel housing demand.  
In Memoriam: Former Fannie Mae CEO James Johnson
 
James A. Johnson, who served as CEO of Fannie Mae from 1991 to 1998, died on Sunday, Oct. 18 at the age of 76 as a result of complications from a neurological condition.

In 1990, Johnson and David O. Maxwell, the head of Fannie Mae at the time, worked to prevent Fannie Mae from going private, which landed him a position as vice chairman of Fannie Mae. He became CEO and chairman the following year. 

During his time at Fannie Mae, Johnson worked to maintain the company’s government privileges, expand its portfolio and made an effort to create more affordable housing and help low-income Americans and underserved minorities achieve homeownership.

Additionally, he helped shape a 1992 law, the Housing and Community Development Act, which was signed by President George H.W. Bush with the assistance of lobbyists representing Fannie Mae.
Free Guide to Create a Stronger Rental Lease
 
Hemlane helps you offer leasing and management to your clients, without taking time away from your sales business. Rental properties can be lucrative but also very litigious and costly. As a REALTOR®, learn how to protect your clients with a comprehensive and concrete lease agreement. This free eBook will help you understand certain terms and clauses as well as important information about payments, renters insurance, and maintenance responsibilities. Download your copy today.