1. real estate

1112 West Avenue M4
Palmdale, CA 93551
DECEMBER 2014 GAVAR NEWSLETTER
A monthly publication produced by
the Greater Antelope Valley
Association of REALTORS®
You’re Cordially Invited to the
WHAT’S INSIDE:
Page 12014 GAVAR Annual Holiday Breakfast
Page 2GAVAR and Local A.V. Upcoming Events
Page 3C.A.R. 2015 Housing Market Forecast
Page 4GAVAR October New Members/
Nominate A Member Forms/
Be a Santa to a Senior 2015
Page 517th Annual Installation of Officers and
Directors Save the Date/
2015 Boss Contacts & Date Planners/
November 2014 Forms Release
Page 6Holiday/Seasonal Gift Magnets
Available at the Association Office!
Page 1
G.A.V.A.R.
Upcoming Events
Tuesday, December 2nd
New Member Orientation
Association Office
9:00 a.m. – 3:30 p.m.
Wed., December 3rd & Thurs., December 4th
REALTOR® & Affiliate Member Blood Drive
A.V. Outpatient Imaging Center
Wednesday: 7:00 a.m. – 4:00 p.m.
Thursday: 9:00 a.m. – 6:00 p.m.
Friday, December 5th
Biz Photo Session by Sean Kenney
Association Office
9:00 a.m. – 4:00 p.m.
Tuesday, December 9th
Board of Directors Meeting
Association Office
8:00 a.m.
Antelope Valley
Upcoming Events
Mon., December 1st - Wed., December 24th
Santa Claus Visits & Photos
Antelope Valley Mall
Thursday, December 4th
Hoffman Hospice Light Up A Life – Annual
Remembrance & Tree Lighting Ceremony
Lancaster BLVD
6:00 p.m.
Friday, December 5th
Charles Dickens, A Christmas Carol
Lancaster Performing Arts Center (LPAC)
8:00 p.m.
Saturday, December 6th
Lancaster Chamber Christmas/Holiday Parade
Lancaster BLVD
10:00 a.m. – 1:00 p.m.
Wednesday, December 10th
GAVAR Holiday Breakfast
J.P. Eliopulos Hellenic Center
8:30 a.m. – 10:30 a.m.
Saturday, December 6th
Quartz Hill Chamber Community Christmas
Dinner
George Lane Park
6:00 p.m. – 8:00 p.m.
Monday, December 15th
CA Commercial Property Info Exchange
Association Office
10:00 a.m. – 12:00 p.m. & 1:30 p.m. – 3:30 p.m.
Saturday, December 13th
A Magical BLVD Christmas
Lancaster BLVD
5:00 p.m. – 9:00 p.m.
Tuesday, December 16th
2014 Committee Member Appreciation Breakfast (Invite only)
Antelope Valley Country Club
8:30 a.m. – 10:00 a.m.
Thursday, December 18th
Lancaster Chamber Business for Breakfast
Holiday Gift Exchange
Schooner’s Patio Grille
7:00 a.m. – 8:30 a.m.
Wednesday, December 17th
Final Networking Meeting of the Year
J.P. Eliopulos Hellenic Center
8:30 a.m.
Wednesday, December 24th &
Thursday, December 25th
Association Office Closed – Christmas Holiday
Saturday, December 20th
Breakfast with Santa
Lancaster City Park
8:00 a.m., 9:00 a.m., 10:00 a.m., 11:00 a.m.
Wednesday, December 31st
Association Office Closed – New Years Eve Holiday
Page 2
C.A.R. 2015 California Housing Market Forecast
C.A.R. releases its 2015 California Housing Market Forecast
California home sales to increase slightly, while prices post slowest gain
in four years
LOS ANGELES (Oct. 7) – With more available homes on the market for sale,
California’s housing market will see fewer investors and a return to traditional
home buyers as home sales rise modestly and prices flatten out in 2015,
according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.)
“2015 California Housing Market Forecast,” released today.
The C.A.R. forecast sees an increase in existing home sales of 5.8 percent next year to reach 402,500 units, up from
the projected 2014 sales figure of 380,500 homes sold. Sales in 2014 will be down 8.2 percent from the 414,300
existing, single-family homes sold in 2013.
“Stringent underwriting guidelines and double-digit home price increases over the past two years have significantly
impacted housing affordability in California, forcing some buyers to delay their home purchase,” said C.A.R.
President Kevin Brown. “However, next year, home price gains will slow, allowing would-be buyers who have been
saving for a down payment to be in a better financial position to make a home purchase.”
“Moreover, prospective buyers should know that it's a misperception that a 20 percent down payment is always
required to buy a home. There are numerous programs available that allow consumers to buy a home with less
down payment, including FHA loans, which lets buyers put down as little as 3.5 percent,” continued Brown.
C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 3 percent in 2015, after a projected gain of
2.2 percent in 2014. With nonfarm job growth of 2.2 percent in California, the state’s unemployment rate should
decrease to 5.8 percent in 2015 from 6.2 percent in 2014 and 7.4 percent in 2013.
The average for 30-year fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at
historically low levels.
The California median home price is forecast to increase 5.2 percent to $478,700 in 2015, following a projected 11.8
percent increase in 2014 to $455,000. This is the slowest rate of price appreciation in four years.
“With the U.S. economy expected to grow more robustly than it has in the past five years and housing inventory
continuing to improve, California housing sales and prices will see a modest upward trend in 2015,” said C.A.R. Vice
President and Chief Economist Leslie Appleton-Young. “While the Fed will likely end its quantitative easing program
by the end of this year, it has had minimal impact on interest rates, which should only inch up slightly and remain
low throughout 2015. This should help moderate the decline in housing affordability we saw occur over the past
two years.”
“Additionally, the state will continue to see a bifurcated market, with the San Francisco Bay Area outperforming
other regions, thanks to a more vigorous job market and tighter housing supply.”
2015 CALIFORNIA HOUSING FORECAST
2011
2012
2013
2014p 2015f
SFH Resales (000s)
422.6
439.8
414.3
380.5
402.5
% Change
1.4%
4.1%
-5.8%
-8.2%
5.8%
Median Price ($000s)
$286.0
$319.3
$407.2
$455.0
$478.7
% Change
-6.2%
11.6%
27.5%
11.8%
5.2%
Housing Affordability Index 53%
51%
36%
30%
27%
30-Yr FRM
3.7%
4.0%
4.3%
4.5%
4.5%
p = projected
f = forecast
Page 3
The following is a list of persons who applied for REALTOR®
membership in the month of October 2014 & were approved by
the Board of Directors pending fulfillment of all membership
requirements
Bennett-Medicis
Darby, Weston
Delsalto, Nancy
Evans, Kenneth
Henry, Altricia
Hernandez, Agustin
Jimenez, Chellei
Jynes, Debra
Knight, Bridget
Mitchell, Juanita
Morin, Kelly
O’Donnell, Sean
Perez, Monica
Petersen, Patrice
Salcedo, Fatima
Soledad Galicia
Viall, Randy
Emilie Century 21 Doug Anderson
Keller Williams Realty A.V.
Keller Williams Realty A.V.
Century 21 Yarrow & Associates
RE/MAX All-Pro
Century 21 Doug Anderson
The Jimenez Realty Group
Keller Williams Realty A.V.
M.C.R. Financial Services
Keller Williams Realty A.V.
Kelly Michelle Morin-Broker
Berkshire Hathaway Home Services Troth,
REALTORS
Century 21 Yarrow & Associates
Realty World Legends
Ameridise Realty & Investments
Wendy AV 5 Star Realty
Freedom Home Properties
2014 Association Award Nomination FormsNow Available!
Last day to submit a Nominations Form is: Friday, December 12, 2014.
Click on the forms below to obtain a copy or visit www.gavar.org for
more information.
BROKER OF THE YEAR NOMINATION FORM: The Broker of the Year
Nominee must have high ethical standards & have made outstanding
contributions to the community. They must be the Designated Broker.
They must have been supportive of the Association activities & encourage
his/her agents to be active as well. They must not have any disciplinary
actions of any kind.
REALTOR® OF THE YEAR NOMINATION FORM: The REALTOR® of the
Year Nominee must have high ethical standards & have made outstanding
contributions to the community. They must be supportive of Association
activities & encourage his/her fellow agents to be active as well. They
must not have any disciplinary actions of any kind.
COMMUNITY SERVICE NOMINATION FORM: The Community Service
Nominee must have high ethical standards and have made outstanding
contributions to the community. They must have been a member of
GAVAR for at least 2 years and they must have no disciplinary action of
any kind.
GAVAR is asking for
your participation again this year in making a
special holiday season for local A.V. seniors
in need.
Your support has allowed for 3 successful
years of Be a Santa to a Senior program.
The program assists local seniors who are
lonely, isolated, neglected & financially
challenged during the holiday season to
receive a present of their own.
Gift requests include functional clothing
such as: slippers, socks, scarves or gloves.
Other gift ideas include hand lotion,
toiletry items, a nice writing pen and
stationary including stamps, grocery store
or discount store gift card, flashlight, sweat
shirts, kitchen towels, purse, wallet,
puzzles and alarm clocks.
Come into the GAVAR office today to
pick an ornament of your choice with
your senior’s name, age, and gift
preference.
Your wrapped gift (gift bags are
preferable) along with your chosen name
ornament, must be returned to the
GAVAR office no later then: Friday,
December 12th, by 5:00 p.m.
RISING STAR NOMINATION FORM: The Rising Star Nominee must have
potential to be an outstanding REALTOR® & have been a member less
than 2 years.
Page 4
NOVEMBER 2014 FORMS RELEASE
The following is a list of New/Revised forms released in November 2014. Make sure you are using the most up-to-date forms in your
transactions. Review the Quick Summary form of the uses and brief description of changes.
AOAA - Assignment of Agreement Addendum
BCO - Buyer Counter Offer
BDRD - Buyer Demand for Release of Deposit
HOA2 - Charges for Required Documents
HOA3 - Charges for Other HOA Documents
PRBS - Possible Representation of More than One Buyer or Seller
PRMS - Possible Representation of More than One Seller
RRRR - Seller Response and Buyer Reply to Request for Repair
SCO - Seller Counter Offer
SDRD - Seller Demand for Release of Deposit
SPRP - Seller's Purchase of Replacement Property
TOAD - Text Overflow Addendum
AAA - Additional Agent Acknowledgement
ABA - Additional Broker Acknowledgement
BIA - Buyer's Inspection Advisory
BPA - Business Purchase Agreement
BUO - Back-Up Offer Addendum
CC - Cancellation of Contract, Release of Deposit and
Cancellation of Escrow
COP - Contingency for Sale of Buyer's Property
CPA - Commercial Property Purchase Agreement
CPM - Contract Paragraph Matrix
CR - Contingency Removal
DM - Demand for Mediation
ESV - Electronic Signature Verification for Third Parties
HOA1 - Homeowner Association Information Request
LCA - Lease/Rental Commission Agreement
MHPA - Manufactured Home Purchase Agreement
NBP - Notice to Buyer to Perform
NCPA - New Construction Residential Purchase Agreement
NODPA - Notice of Default Purchase Agreement
NSP - Notice to Seller to Perform
PPA - Probate Purchase Agreement and Joint Escrow Instructions
RCSA - Representative Capacity Signature Addendum
RIPA - Residential Income Property Purchase Agreement and
Joint Escrow Instructions
RPA - Residential Purchase Agreement and Joint Escrow
RR - Request for Repair
TA - Trust Advisory
TOC - Table of Contents Residential Purchase Agreement
VLPA - Vacant Land Purchase Agreement and Joint Escrow
Instructions
Page 5
Give a gift of Holiday
Personalized Magnets this
yearAvailable at the
Association Office Now!
10 magnets for $4.00 + tax
(envelopes included)
2014 Board of Directors
President
President- Elect
Treasurer
Secretary
Immediate Past President
Director
Director
Director
Director
Director
Director
Director
Director
Association Staff
Chief Executive Officer
Executive Assistant
Administrative Assistant
MLS/Membership Admin
Government Affairs Director
Rob Talbot
Greg Galli, CRS, GRI, SRES, e-PRO
Dave Slover, GRI, SRES, SFR, e-PRO, MilRES
Steve Rice, SFR
Roe Leer
Ann Trussell, GRI, e-PRO, SFR
Pat Bruce
Yvonne Hayes, GRI
Fabian Terracciano, CRS, GRI
Michele Hunt, CRS, GRI, e-PRO, SFR
Debi Seitz, CRS, GRI
Robin Gillins, GRI, SFR, SRES
Tamara Stoebe, GRI, e-PRO
Pamela Vose, RCE
Lori Williams
Susan McGuire
Nataly Garcia
Diane Carlton
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
1112 West Avenue M4
Palmdale, CA 93551
Phone: 661-726-9175
Fax: 661-726-9199
Website: www.gavar.org
8:30 a.m. – 5:00 p.m.
Rapattoni MLS Tech Support
866-730-7114
Support ID: 1576
Supra ActiveKey & eKey Technical Support
877-699-6787
Page 6