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  • 2018 President, Kevin McDonald

    I am extremely honored to serve as the next President of the Placer County Association of REALTORS. I am incredibly thankful to have the guidance of the amazing past PCAR Presidents, leadership, staff and all those who have helped to Read More
  • Honorary Member - Gloria Doze

    Gloria Doze was honored with the 2017 Honorary Member of the Year award at this years Board of Directors Installation. The Honorary Membership is an award given to a member of the Placer County Association of REALTORS who has been a member Read More
  • REALTOR of the Year - Kim Tucker

    Kim Tucker was honored with the 2017 REALTOR of the Year award at this year's Board of Directors Installation. The REALTOR of the Year award is the highest honor given to a REALTOR member of the Placer County Association of REALTORS. Read More
  • Affiliate of the Year - Dan Morasci

    Dan Morasci was honored with the 2017 Affiliate of the Year award at this years Board of Directors Installation. The Affiliate of the Year award is the highest honor given to an Affiliate member of the Placer County Association of REALTORS. The Read More
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    Did you know that in the past 5 years PCAR REALTORS have donated a total of $212,750.00 to local charities? PCAR REALTORS not only work in Placer County, they give back by volunteering their time, resources and money. For more Read More
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C.A.R. releases “2009-2010 Survey of California Home Sellers”

25 Feb 2010
Report finds 67 percent of California sellers sold their homes due to inability to meet mortgage obligation LOS ANGELES (Feb. 25) –Changes in family and employment status as well as adjustments to monthly mortgage obligations played significant roles in California’s homeowners’ decisions to sell their homes in 2009, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2009-2010 Survey of California Home Sellers.”  According to the report, 67 percent of all sellers in California did so as a result of difficulties related to meeting their mortgage obligation.  “Tighter underwriting standards and a decline in equity continued to impact the market in 2009,” said C.A.R. President Steve Goddard.  “Many homeowners chose to sell last year because their adjustable-rate mortgage reset at the same time home prices were experiencing an unprecedented decline, leaving them with little equity and difficulty in qualifying for a refinance.” “Sellers responded to the challenges of the housing market in 2009 by choosing to work with REALTORS® for guidance and assistance in navigating the complex market,” added Goddard. Recognizing the value of working with a real estate professional, 99 percent of sellers chose to work with a REALTOR®, according to the survey.  Of those, 72 percent cited the ability of an agent to sell the home at a higher price point as the primary reason.  Other reasons included better marketing and exposure (38 percent), while 28 percent reported it was too difficult to sell the home independently. On average, homes sold for $20,958 less than the original asking price in 2009.  The median difference between the selling and listing price was $32,315; the list-to-sold-price ratio was significantly larger between first-time sellers ($30,000 below list price) and sellers who had previously sold a home ($8,000 below list price). The percentage of first-time sellers grew to nearly half of all sellers (44 percent) in 2009, a 33 percent increase from 2008, and nearly three times the 2007 percentage of 15 percent. Sellers in 2009 cited difficulty meeting the monthly mortgage obligations (30 percent); job loss (18 percent); and “mortgage payment increased” (15 percent) as primary motivation to sell.  By comparison, in 2008, one in five sellers cited the ability to meet their mortgage payment obligation; while 11 percent sold due to financial difficulties. Financing challenges also extended to home buyers and impacted sellers’ confidence in buyers’ ability to secure a home loan.  Nearly three-fourths of sellers reported this as a concern, an increase from 54 percent in 2008. Financial difficulties also impacted the ability of sales to close on time, with 63 percent of homes falling out of escrow prior to closing.  Nearly 70 percent of sellers cited “buyer could not get an acceptable mortgage;” and more than 60 percent said “buyer backed out,” as the primary reasons the home fell out of escrow.  Other reasons included: Buyer’s remorse (26 percent); “lender withdrew and did not fund” (24 percent); and “home prices continued to decline” (18 percent).  Once the home did sell, 50 percent of sellers reported escrow did not close on time in 2009, compared with 36 percent in 2008. C.A.R.’s “2009-2010 Survey of California Home Sellers” is available for purchase for $49.95 in electronic format at  The survey no longer is available in hard-copy format.  Journalists who would like a complimentary copy of the report should e-mail or call (213) 739-8363. Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® ( is one of the largest state trade organizations in the United States, with nearly 175,000 members dedicated to the advancement of professionalism in real estate.  C.A.R. is headquartered in Los Angeles. ### Mark Giberson Public Relations Director CALIFORNIA ASSOCIATION OF REALTORS® 525 S. Virgil Ave. Los Angeles, CA 90020 (213) 739-8304 phone

California median price rises in January

24 Feb 2010
The median price of existing, single-family homes rose 15 percent in January, while sales declined 10.6 percent compared with the prior year, according to C.A.R.’s latest sales and price report.  The median price of an existing, single-family detached home in California during January was $287,440, a 15 percent increase from the revised $249,960 median for January 2009, according to the report.  The January median price declined 6.3 percent compared with December’s $306,820 median price.  Statewide home resale activity decreased 10.6 percent from the revised 602,660 unit sales pace recorded in January 2009. Sales in January 2010 decreased 3 percent compared with the previous month. “Many sales that closed escrow in January were on homes with offers accepted during the holiday season–a time when many house hunters are first-time buyers,” said C.A.R. President Steve Goddard. “First-time buyers typically purchase homes priced below an area’s median home price. Reflecting this, the percentage of homes priced under $500,000 increased to 77 percent of all sales in January, compared with 75 percent in December.” More info. Copyright © 2010 CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)

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