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HDAOR Office Closed

 

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The HDAOR Office will be closed on:

11.23.2017 - 11.24.2017

We are thankful for our members!

 

High Desert Association of REALTORS Installs 2018 Leadership

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The High Desert Association of REALTORS® Tuesday installed its 2018 Leadership team. Leading the team is HDAR President Kari Leon, a 37 year real estate industry veteran and a broker. Serving with Leon are President-elect Cecil Volsch, Treasurer Bess Kline and Secretary Lori Hitt. The 2018 officers begin their official term this week as the close of the National Association of REALTORS® Conference and Expo in Chicago.

Active in organized real estate since 1980, Leon is co-owner of Agio Real Estate with her husband Paul and co-owner of Alliance Rendezvous Escrow, both of Apple Valley.

She most recently served as H.D.A.R. President-elect and has served in other leadership positions for her local and state association of REALTORS®. Leon served as 2014 V.V.A.R. President. She led the effort to merge the Barstow Association of REALTORS® into the Victor Valley Association of REALTORS® and becoming the 4High Desert Association of REALTORS®. She was named the REALTOR® of the year in 2014.

Leon comes from a family of REALTORS®, with her Father serving the Victor Valley Association of REALTORS as President in 1981. Her husband, brother, sisters and children are all active in the real estate business.

Serving as President-elect is Cecil Volsch, a real estate broker with his wife Charlotte of Volsch Enterprises Inc.
Volsch is active with his local and state association of REALTORS®. He is a Past- President of V.V.A.R. served as Treasurer for 2016 and 2017. He is also a C.A.R. Golden R member.

Bess Kline serves as H.D.A.R. Treasurer. Kline is broker of Bess Kline & Associates.
Kline served the Victor Valley Association of REALTORS twice as President. Recently she served as Secretary of H.D.A.R. She has been active with the state association of REALTORS® and is a C.A.R. Golden R member. Kline is a REALTOR® of the Year recipient.

Lori Hitt is a former Board of Director. She has served as Special Affairs Chairperson, 2017 Government Affairs Chairperson. For the California Association of REALTORS® Hitt has served as the liaison to Assemblyman Obernolte’s office.

The Installation gala will be held on November 17, 2017 at Spring Valley Lake Country Club. At the event our 2017 President Karen Sanchez and 2017 Leadership Team will be recognized.

C.A.R. news release: 2nd quarter housing affordability

 Higher housing prices and tight inventory drag down California housing affordability; income required to buy doubles in five years, C.A.R. reports

• Twenty-nine percent of California households could afford to purchase the $553,260 median-priced home in the second quarter of 2017, down from 32 percent in first-quarter 2017 and down from 31 percent in second-quarter 2016.
• A minimum annual income of $110,890 was needed to make monthly payments of $2,770, including principal, interest, and taxes on a 30-year fixed-rate mortgage at a 4.09 percent interest rate.
• Thirty-eight percent of home buyers were able to purchase the $443,400 median-priced condo or townhome. An annual income of $88,870 was required to make a monthly payment of $2,220.

LOS ANGELES (Aug. 9) – Higher home prices resulting from a severe lack of homes for sale and high demand during the hot home-buying season eroded California’s housing affordability in the second quarter, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in second-quarter 2017 fell to 29 percent, down from 32 percent in the first quarter of 2017 and down from 31 percent in the second quarter a year ago, according to C.A.R.’s Traditional Housing Affordability Index (HAI). This is the 17th consecutive quarter that the index has been below 40 percent and the lowest since third-quarter 2015. California’s housing affordability index hit a peak of 56 percent in the first quarter of 2012.

C.A.R.’s HAI measures the percentage of all households that can afford to purchase a median-priced, single-family home in California. C.A.R. also reports affordability indices for regions and select counties within the state. The Index is considered the most fundamental measure of housing well-being for home buyers in the state.

A minimum annual income of $110,890 was needed to qualify for the purchase of a $553,260 statewide median-priced, existing single-family home in the second quarter of 2017. The monthly payment, including taxes and insurance on a 30-year, fixed-rate loan, would be $2,770, assuming a 20 percent down payment and an effective composite interest rate of 4.09 percent. The effective composite interest rate in first-quarter 2017 was 4.36 percent and 3.85 percent in the second quarter of 2016.

Home prices have nearly doubled since affordability reached its highest level five years ago, and compared to then, home buyers now need twice the income to purchase a median-priced home. In the first quarter of 2012, buyers statewide needed a minimum annual income of $56,320 to purchase a home that was priced $279,190. And in the San Francisco Bay Area, a home buyer needed a minimum annual income of $90,370 to purchase a $447,970 priced home just five years ago. Compare that to the current minimum income of $179,390 needed to purchase an $895,000 priced home now.

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We've Moved Back Home!

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The High Desert Association of REALTORS is back home!
Our newly remodeled building is finally finished!

We are now open and ready for business at our remodeled building! Come visit us!

Our newly remodeled building address:
11890 Hesperia Rd. Hesperia, CA 92345
Phone Number: 760.244.8841
Fax Number: 760.244.5589/760.244.5590

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