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HUD To Announce Updated FHA Condo Rules

Published Thursday, August 15, 2019
HUD to Announce Long-Awaited FHA Condo Rules via NAR The U.S. Department of Housing and Urban Development is expected to release updated guidance tomorrow on FHA-insured condominium financing. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. more»

C.A.R. July California Market Report

Published Thursday, August 15, 2019

The lowest mortgage interest rates in nearly three years helped jump start California’s housing market to post the first year-over-year sales gain and highest sales level in 15 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said on August 15, 2019. 

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Las Gallinas Valley Sanitary District Seeks Input on Proposed Sewer Lateral Inspection Ordinance

Published Monday, August 12, 2019
The Las Gallinas Valley Sanitary District is seeking feedback from homeowners on a proposed Sewer Later Inspection ordinance. A letter was sent to LGVSD customers; Click HERE to see the letter with details about the proposed ordinance. Click HERE for LGVSD’s frequently asked questions document. The Marin Association of REALTORS will be submitting more»

C.A.R. Report - Housing Affordability Dips in Q2

Published Thursday, August 8, 2019
California housing affordability dips in second quarter 2019, C.A.R. reports Thirty percent of California households could afford to purchase the $608,660 median-priced home in the second quarter of 2019, down from 32 percent in first-quarter 2019 but up from 26 percent a year ago. A minimum annual income of $122,960 was needed to make monthly payments more»

Notice of Election

Published Thursday, August 8, 2019
Posted via membership-wide email on August 6, 2019. In accordance with the Bylaws of the Marin Association of REALTORS®, members are hereby notified of an official election of officers and directors: Please note: The two methods for nominations permitted by the MAR Bylaws are as follows: 1.) Nominations by Nominating Committee: The Board of more»

C.A.R. Report - Sales Slide, But Overall Outlook Revised Upwards

Published Thursday, July 18, 2019
California home sales retreat in June, but 2019 housing market outlook revised upward, C.A.R. reports - Existing, single-family home sales totaled 389,690 in June on a seasonally adjusted annualized rate, down 4.2 percent from May and down 5.1 percent from June 2018. - June’s statewide median home price was $611,420, virtually unchanged from May and more»

C.A.R. Reports May Home Sales Perk Up

Published Wednesday, June 19, 2019
Lower interest rates perk up May home sales as median price reaches another high, C.A.R. reports - Existing, single-family home sales totaled 406,960 in May on a seasonally adjusted annualized rate, up 2.6 percent from April and down 0.6 percent from May 2018. - May’s statewide median home price was $611,190, up 1.4 percent from April and up 1.7 more»

Supra Notice - Change in Sales Tax

Published Tuesday, June 4, 2019
Due to a tax requirement change, Supra will begin charging sales tax on fees for key activation and insurance. Beginning July 1, 2019, billing statements will reflect sales tax added to fees for key activation and insurance.

Community News

HUD To Announce Updated FHA Condo Rules
Thursday, August 15, 2019
C.A.R. July California Market Report
Thursday, August 15, 2019
Las Gallinas Valley Sanitary District Seeks Input on Proposed Sewer Lateral Inspection Ordinance
Monday, August 12, 2019

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Sterling Bank & Trust
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