ADVERTISING SUPPLEMENTRealtors PraiseDecision onWildfire ClaimsIncome-to-Loan GuideSingle-Family HomesSan Femando ValleyOCTOBERMinimum income Needed toMontly rancePaymants$152,089Qualify for a LoanMonthly PropTasSouthland Regional Association of ReatorsYearto-Year Percenta ge Changein Income Needed to Qualify for+0.2%By Dan Tresierras, President, and David WakerRealtors praised a recent deci-sion by California's insuranceregulator intended to speedthe handling of claims fromvictims of wildfires$239a Loan$786SOUTHLAND REGIONALfotal MonthlyASSOCIATION OF REALTORS', INc.PITIMedian Price$755,000=$3,802,$2,777unless the insurer can provide morerapid debris removal outside of thisflexibility to survivors affected bywildfires across the state with somedeadlines and documentation typicallyrequired to pay claims, including:Minimum four-month advancepayment of loss of use, fair rental valueor additional living expensesMinimum 60-day billing graceCalifomia Insur-ance Commis-sioner RicardoLara issued anLoan Amount (80%)Interest Rate$604,0003.69%effort.Monthly Mortgage andInterest Payment"We are pleased that InsuranceCommissioner Ricardo Lara has askedfor insurance companies to expeditethe claims process for wildfire victimsso that they can begin the rebuildingand healing processand move forwardwith their lives,immediate help.. not red tape said Jeanne Radsick,president of the Califomia Association ofSource: Southland Reginal Association of REALTORSPIT equais Mbethly loan principal & interest plus tass &inurance paymentsemergency noticeto all propertyand casualty insurancecompanies doingLow Rates Softens Impact of Record PricesThe median price of homes sold in October set a record high at$755,000, yet because of low interest rates the income needed tobuy bumped up on ly slightly.A year ago the interest rate was 4.88 percent, but this October the na-tional average was 3.69 percent. That meant the income needed to buythis year was $152,089, about 0.2 percent higher than 12 months agoWildfire survivors... needbusiness in Cali-fomia, requestingthey expediteclaims handling for Califomia wildfiresurvivors in order to help them beginthe recovery and rebuikding processRealtor Dan Tresieras2019 SRAR Presidentand unnecessary paperworkRealtorsSanta Clarita ValleyHome, Condo Sales Rise; CondominiumMedian Price Ties Record $420,000"With so many homes andbusinesses lost in the state's recentfires, this move will provide affectedcommunities with more immediatesupport in their time of need.The Department of Insurancehas issued similar notices after otherdevastating fires, including the Camp,Woolsey, and Hill fires in 2018.Virtually all insurers heeded theCommissioner's call during previousfires when similar notices were sentout. This notice is also in recognitionof Govenor Gavin Newsom's declaredstates of emergencies related to theperiod to allow for lost or destroyedrenewal notices;Advance payment of at least 25percent of policy limits for personalpropertywithout the completion ofan iventoryAccepting any inventory form thatcontains substantially the same infor-mation as a company-specific form;Accepting an inventory that inchudes groupings of personal propertysuch as clothing, shoes, books, or fooditems, rather than listing individualitemExpediting payment of vehicledamage claims covered under comprehensive loss coverageCooperating with consolidateddebris removal efforts coordinatedthrough city, county, and state agencies,more quicklySurvivors of the recent fires inNorthem and Southern Californiaface the long and painful task ofrecovery, which often includes tryingto inventory lost possessions andreconstruct destroyed or missingThe median price of condominiums sold during October inthe Santa Clarita Valley tied the record high, while home andcondo sales increased, and the inventory of properties listedfor sale fell for the fourth consecutive month, the SouthlandRegional Association of Realtors reported recently.documents."Wildfire survivors.need immediate help to start the rebuildingprocess, not red tape and unneces-sary paperwork that adds to theirproblems," said Commissioner Lara.These expedited claims handlingprocedures will give policyholders thehelp they need. I urge insurers to dothe right thing for these survivors."Commissioner Lara asked insurance companies to provide greaterThe condominium median price of $420.000 matchedthe record reported in August and was 5.0 percenthigher than a year ago. Five of the last seven monthshave seen a condominium median price above thewildfires.$400,000 benchmarkThe single-family home median price was$610,000, up 2.5 percent from COctober 2018.Therecord high of $643,000 that was set in April 2006 hasThe Southland Regional Association of Reatorsis a local trade association with more than10,300members serving the San Femandoand Sants Clanita Valleys. SRAR is one of thegest local assocladons in the nationyet to be surpassed.Today's incredibly low interest rates on home loanskeep sales moving and help offset some of the impactof rising prices," said Amanda Etcheverry, chair ofthe Santa Clarita Valley Division of the SouthlandRegional Association of Realtors. "But continued drops in the inventory areworisome. To satisfy demand and restrain prices, we need more housing."There were only 467 homes and condominiums listed for sale at the end ofOctober. That was down 28.7 percent from a year ago, for the fourth consecu-tive monthly decline after 13 consecutive months of increases in the inventoryFor comparison, the record low inventory of 312 listings was set in March2013, while the record high of 2,630 active listings came in September 2006.The 467 active listings represented a 1.7-month supply at the current paceof sales. That is well short of the 11-year average of a 4.1-month supply thatAmanda EtcheverryChair, Santa ClaritaDivision, SRARBeware of Scam ArtistsEnsure a contractor is legitimate-Deal only withlicensed contractors. Ask to see physical verification of the tChasing Wildfire Disasters peon licee Check that the ense is valid by llingthe Contractors State License Board toll free at 800-321-2752 or by visiting cslb.ca.gov. Insist on references andcheck them out.Natural disasters attract con artists eager totake advantage of people when they are mostvulnerable. Follow these guidelines if offeredgrant money or if someone proposes to evaluatedamage or make repairs:Ensure home inspectors are legitimate-Ask to seean identification badge if someone claims to be an inspec-tor from the Federal Emergency Management Administration or the Small Business Administration. All federalemployces and contractors are required to carry badges.FEMA and SBA staff will never ask to see bankinginformation or charge for disaster assistance. Never give outpersonal information. FEMA housing inspectors will nothire specific contractors to fix damage.Get a written oontract. Make sure the contract containseverything discussed with the contractor. If it's not in thecontract, the contractor cannot be held accountable formaking it happen.Never pay in cash. Never pay for the entire project beforeall of the work is completed.Avoid being a victim-Price gouging laws prohibit raising rental housing costs by more than 10 percent followingthe declaration of a state of emergency. For details, visitoag.ca.gow/consumers/pricegougingduringdisasters.To file complaints, call the state Attorney General's officeat 800-952-5225would indicate a market that favors neither buyers nor sellers."Owners who in generations past would have been selling, now are refi-nancing or remodeling," said Tim Johnson, the Association's chief executiveofficer "Buyers are locked out of the market by high prices and low supplywhile owners are locked in place by California's severe housing shortage."Yet even with constraints, a total of 191 single-family homes changed own-ers. That was up 9.1 percent from a year ago. Similarly, Realtors helped closeescrow on 77 condominium sales, up 5.5 percent from October 2018.THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYSwww.SRAR.com | Real Estate Questions? E-mail Dan Tresierras, SRAR 2019 President, c/o DavidW@SRAR.comREALTORS is a federaly registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS@ and subscribes to its strict Code of EthicsEACTO ADVERTISING SUPPLEMENT Realtors Praise Decision on Wildfire Claims Income-to-Loan Guide Single-Family Homes San Femando Valley OCTOBER Minimum income Needed to Montly rance Paymants $152,089 Qualify for a Loan Monthly Prop Tas Southland Regional Association of Reators Yearto-Year Percenta ge Change in Income Needed to Qualify for +0.2% By Dan Tresierras, President, and David Waker Realtors praised a recent deci- sion by California's insurance regulator intended to speed the handling of claims from victims of wildfires $239 a Loan $786 SOUTHLAND REGIONAL fotal Monthly ASSOCIATION OF REALTORS', INc. PITI Median Price $755,000 =$3,802, $2,777 unless the insurer can provide more rapid debris removal outside of this flexibility to survivors affected by wildfires across the state with some deadlines and documentation typically required to pay claims, including: Minimum four-month advance payment of loss of use, fair rental value or additional living expenses Minimum 60-day billing grace Califomia Insur- ance Commis- sioner Ricardo Lara issued an Loan Amount (80%) Interest Rate $604,000 3.69% effort. Monthly Mortgage and Interest Payment "We are pleased that Insurance Commissioner Ricardo Lara has asked for insurance companies to expedite the claims process for wildfire victims so that they can begin the rebuilding and healing process and move forward with their lives, immediate help.. not red tape said Jeanne Radsick, president of the Cali fomia Association of Source: Southland Reginal Association of REALTORS PIT equais Mbethly loan principal & interest plus tass &inurance payments emergency notice to all property and casu alty insurance companies doing Low Rates Softens Impact of Record Prices The median price of homes sold in October set a record high at $755,000, yet because of low interest rates the income needed to buy bumped up on ly slightly. A year ago the interest rate was 4.88 percent, but this October the na- tional average was 3.69 percent. That meant the income needed to buy this year was $152,089, about 0.2 percent higher than 12 months ago Wildfire survivors... need business in Cali- fomia, requesting they expedite claims handling for Califomia wildfire survivors in order to help them begin the recovery and rebuikding process Realtor Dan Tresieras 2019 SRAR President and unnecessary paperwork Realtors Santa Clarita Valley Home, Condo Sales Rise; Condominium Median Price Ties Record $420,000 "With so many homes and businesses lost in the state's recent fires, this move will provide affected communities with more immediate support in their time of need. The Department of Insurance has issued similar notices after other devastating fires, including the Camp, Woolsey, and Hill fires in 2018. Virtually all insurers heeded the Commissioner's call during previous fires when similar notices were sent out. This notice is also in recognition of Govenor Gavin Newsom's declared states of emergencies related to the period to allow for lost or destroyed renewal notices; Advance payment of at least 25 percent of policy limits for personal propertywithout the completion of an iventory Accepting any inventory form that contains substantially the same infor- mation as a company-specific form; Accepting an inventory that in chudes groupings of personal property such as clothing, shoes, books, or food items, rather than listing individual item Expediting payment of vehicle damage claims covered under compre hensive loss coverage Cooperating with consolidated debris removal efforts coordinated through city, county, and state agencies, more quickly Survivors of the recent fires in Northem and Southern California face the long and painful task of recovery, which often includes trying to inventory lost possessions and reconstruct destroyed or missing The median price of condominiums sold during October in the Santa Clarita Valley tied the record high, while home and condo sales increased, and the inventory of properties listed for sale fell for the fourth consecutive month, the Southland Regional Association of Realtors reported recently. documents. "Wildfire survivors.need im mediate help to start the rebuilding process, not red tape and unneces- sary paperwork that adds to their problems," said Commissioner Lara. These expedited claims handling procedures will give policyholders the help they need. I urge insurers to do the right thing for these survivors." Commissioner Lara asked insur ance companies to provide greater The condominium median price of $420.000 matched the record reported in August and was 5.0 percent higher than a year ago. Five of the last seven months have seen a condominium median price above the wildfires. $400,000 benchmark The single-family home median price was $610,000, up 2.5 percent from COctober 2018.The record high of $643,000 that was set in April 2006 has The Southland Regional Association of Reators is a local trade association with more than 10,300members serving the San Femando and Sants Clanita Valleys. SRAR is one of the gest local assocladons in the nation yet to be surpassed. Today's incredibly low interest rates on home loans keep sales moving and help offset some of the impact of rising prices," said Amanda Etcheverry, chair of the Santa Clarita Valley Division of the Southland Regional Association of Realtors. "But continued drops in the inventory are worisome. To satisfy demand and restrain prices, we need more housing." There were only 467 homes and condominiums listed for sale at the end of October. That was down 28.7 percent from a year ago, for the fourth consecu- tive monthly decline after 13 consecutive months of increases in the inventory For comparison, the record low inventory of 312 listings was set in March 2013, while the record high of 2,630 active listings came in September 2006. The 467 active listings represented a 1.7-month supply at the current pace of sales. That is well short of the 11-year average of a 4.1-month supply that Amanda Etcheverry Chair, Santa Clarita Division, SRAR Beware of Scam Artists Ensure a contractor is legitimate-Deal only with licensed contractors. Ask to see physical verification of the t Chasing Wildfire Disasters peon licee Check that the ense is valid by lling the Contractors State License Board toll free at 800-321- 2752 or by visiting cslb.ca.gov. Insist on references and check them out. Natural disasters attract con artists eager to take advantage of people when they are most vulnerable. Follow these guidelines if offered grant money or if someone proposes to evaluate damage or make repairs: Ensure home inspectors are legitimate-Ask to see an identification badge if someone claims to be an inspec- tor from the Federal Emergency Management Adminis tration or the Small Business Administration. All federal employces and contractors are required to carry badges. FEMA and SBA staff will never ask to see banking information or charge for disaster assistance. Never give out personal information. FEMA housing inspectors will not hire specific contractors to fix damage. Get a written oontract. Make sure the contract contains everything discussed with the contractor. If it's not in the contract, the contractor cannot be held accountable for making it happen. Never pay in cash. Never pay for the entire project before all of the work is completed. Avoid being a victim-Price gouging laws prohibit rais ing rental housing costs by more than 10 percent following the declaration of a state of emergency. For details, visit oag.ca.gow/consumers/pricegougingduringdisasters. To file complaints, call the state Attorney General's office at 800-952-5225 would indicate a market that favors neither buyers nor sellers. "Owners who in generations past would have been selling, now are refi- nancing or remodeling," said Tim Johnson, the Association's chief executive officer "Buyers are locked out of the market by high prices and low supply while owners are locked in place by California's severe housing shortage." Yet even with constraints, a total of 191 single-family homes changed own- ers. That was up 9.1 percent from a year ago. Similarly, Realtors helped close escrow on 77 condominium sales, up 5.5 percent from October 2018. THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Dan Tresierras, SRAR 2019 President, c/o DavidW@SRAR.com REALTORS is a federaly registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS@ and subscribes to its strict Code of Ethics EACTO

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ADVERTISING SUPPLEMENT Realtors Praise Decision on Wildfire Claims Income-to-Loan Guide Single-Family Homes San Femando Valley OCTOBER Minimum income Needed to Montly rance Paymants $152,089 Qualify for a Loan Monthly Prop Tas Southland Regional Association of Reators Yearto-Year Percenta ge Change in Income Needed to Qualify for +0.2% By Dan Tresierras, President, and David Waker Realtors praised a recent deci- sion by California's insurance regulator intended to speed the handling of claims from victims of wildfires $239 a Loan $786 SOUTHLAND REGIONAL fotal Monthly ASSOCIATION OF REALTORS', INc. PITI Median Price $755,000 =$3,802, $2,777 unless the insurer can provide more rapid debris removal outside of this flexibility to survivors affected by wildfires across the state with some deadlines and documentation typically required to pay claims, including: Minimum four-month advance payment of loss of use, fair rental value or additional living expenses Minimum 60-day billing grace Califomia Insur- ance Commis- sioner Ricardo Lara issued an Loan Amount (80%) Interest Rate $604,000 3.69% effort. Monthly Mortgage and Interest Payment "We are pleased that Insurance Commissioner Ricardo Lara has asked for insurance companies to expedite the claims process for wildfire victims so that they can begin the rebuilding and healing process and move forward with their lives, immediate help.. not red tape said Jeanne Radsick, president of the Cali fomia Association of Source: Southland Reginal Association of REALTORS PIT equais Mbethly loan principal & interest plus tass &inurance payments emergency notice to all property and casu alty insurance companies doing Low Rates Softens Impact of Record Prices The median price of homes sold in October set a record high at $755,000, yet because of low interest rates the income needed to buy bumped up on ly slightly. A year ago the interest rate was 4.88 percent, but this October the na- tional average was 3.69 percent. That meant the income needed to buy this year was $152,089, about 0.2 percent higher than 12 months ago Wildfire survivors... need business in Cali- fomia, requesting they expedite claims handling for Califomia wildfire survivors in order to help them begin the recovery and rebuikding process Realtor Dan Tresieras 2019 SRAR President and unnecessary paperwork Realtors Santa Clarita Valley Home, Condo Sales Rise; Condominium Median Price Ties Record $420,000 "With so many homes and businesses lost in the state's recent fires, this move will provide affected communities with more immediate support in their time of need. The Department of Insurance has issued similar notices after other devastating fires, including the Camp, Woolsey, and Hill fires in 2018. Virtually all insurers heeded the Commissioner's call during previous fires when similar notices were sent out. This notice is also in recognition of Govenor Gavin Newsom's declared states of emergencies related to the period to allow for lost or destroyed renewal notices; Advance payment of at least 25 percent of policy limits for personal propertywithout the completion of an iventory Accepting any inventory form that contains substantially the same infor- mation as a company-specific form; Accepting an inventory that in chudes groupings of personal property such as clothing, shoes, books, or food items, rather than listing individual item Expediting payment of vehicle damage claims covered under compre hensive loss coverage Cooperating with consolidated debris removal efforts coordinated through city, county, and state agencies, more quickly Survivors of the recent fires in Northem and Southern California face the long and painful task of recovery, which often includes trying to inventory lost possessions and reconstruct destroyed or missing The median price of condominiums sold during October in the Santa Clarita Valley tied the record high, while home and condo sales increased, and the inventory of properties listed for sale fell for the fourth consecutive month, the Southland Regional Association of Realtors reported recently. documents. "Wildfire survivors.need im mediate help to start the rebuilding process, not red tape and unneces- sary paperwork that adds to their problems," said Commissioner Lara. These expedited claims handling procedures will give policyholders the help they need. I urge insurers to do the right thing for these survivors." Commissioner Lara asked insur ance companies to provide greater The condominium median price of $420.000 matched the record reported in August and was 5.0 percent higher than a year ago. Five of the last seven months have seen a condominium median price above the wildfires. $400,000 benchmark The single-family home median price was $610,000, up 2.5 percent from COctober 2018.The record high of $643,000 that was set in April 2006 has The Southland Regional Association of Reators is a local trade association with more than 10,300members serving the San Femando and Sants Clanita Valleys. SRAR is one of the gest local assocladons in the nation yet to be surpassed. Today's incredibly low interest rates on home loans keep sales moving and help offset some of the impact of rising prices," said Amanda Etcheverry, chair of the Santa Clarita Valley Division of the Southland Regional Association of Realtors. "But continued drops in the inventory are worisome. To satisfy demand and restrain prices, we need more housing." There were only 467 homes and condominiums listed for sale at the end of October. That was down 28.7 percent from a year ago, for the fourth consecu- tive monthly decline after 13 consecutive months of increases in the inventory For comparison, the record low inventory of 312 listings was set in March 2013, while the record high of 2,630 active listings came in September 2006. The 467 active listings represented a 1.7-month supply at the current pace of sales. That is well short of the 11-year average of a 4.1-month supply that Amanda Etcheverry Chair, Santa Clarita Division, SRAR Beware of Scam Artists Ensure a contractor is legitimate-Deal only with licensed contractors. Ask to see physical verification of the t Chasing Wildfire Disasters peon licee Check that the ense is valid by lling the Contractors State License Board toll free at 800-321- 2752 or by visiting cslb.ca.gov. Insist on references and check them out. Natural disasters attract con artists eager to take advantage of people when they are most vulnerable. Follow these guidelines if offered grant money or if someone proposes to evaluate damage or make repairs: Ensure home inspectors are legitimate-Ask to see an identification badge if someone claims to be an inspec- tor from the Federal Emergency Management Adminis tration or the Small Business Administration. All federal employces and contractors are required to carry badges. FEMA and SBA staff will never ask to see banking information or charge for disaster assistance. Never give out personal information. FEMA housing inspectors will not hire specific contractors to fix damage. Get a written oontract. Make sure the contract contains everything discussed with the contractor. If it's not in the contract, the contractor cannot be held accountable for making it happen. Never pay in cash. Never pay for the entire project before all of the work is completed. Avoid being a victim-Price gouging laws prohibit rais ing rental housing costs by more than 10 percent following the declaration of a state of emergency. For details, visit oag.ca.gow/consumers/pricegougingduringdisasters. To file complaints, call the state Attorney General's office at 800-952-5225 would indicate a market that favors neither buyers nor sellers. "Owners who in generations past would have been selling, now are refi- nancing or remodeling," said Tim Johnson, the Association's chief executive officer "Buyers are locked out of the market by high prices and low supply while owners are locked in place by California's severe housing shortage." Yet even with constraints, a total of 191 single-family homes changed own- ers. That was up 9.1 percent from a year ago. Similarly, Realtors helped close escrow on 77 condominium sales, up 5.5 percent from October 2018. THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Dan Tresierras, SRAR 2019 President, c/o DavidW@SRAR.com REALTORS is a federaly registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS@ and subscribes to its strict Code of Ethics EACTO ADVERTISING SUPPLEMENT Realtors Praise Decision on Wildfire Claims Income-to-Loan Guide Single-Family Homes San Femando Valley OCTOBER Minimum income Needed to Montly rance Paymants $152,089 Qualify for a Loan Monthly Prop Tas Southland Regional Association of Reators Yearto-Year Percenta ge Change in Income Needed to Qualify for +0.2% By Dan Tresierras, President, and David Waker Realtors praised a recent deci- sion by California's insurance regulator intended to speed the handling of claims from victims of wildfires $239 a Loan $786 SOUTHLAND REGIONAL fotal Monthly ASSOCIATION OF REALTORS', INc. PITI Median Price $755,000 =$3,802, $2,777 unless the insurer can provide more rapid debris removal outside of this flexibility to survivors affected by wildfires across the state with some deadlines and documentation typically required to pay claims, including: Minimum four-month advance payment of loss of use, fair rental value or additional living expenses Minimum 60-day billing grace Califomia Insur- ance Commis- sioner Ricardo Lara issued an Loan Amount (80%) Interest Rate $604,000 3.69% effort. Monthly Mortgage and Interest Payment "We are pleased that Insurance Commissioner Ricardo Lara has asked for insurance companies to expedite the claims process for wildfire victims so that they can begin the rebuilding and healing process and move forward with their lives, immediate help.. not red tape said Jeanne Radsick, president of the Cali fomia Association of Source: Southland Reginal Association of REALTORS PIT equais Mbethly loan principal & interest plus tass &inurance payments emergency notice to all property and casu alty insurance companies doing Low Rates Softens Impact of Record Prices The median price of homes sold in October set a record high at $755,000, yet because of low interest rates the income needed to buy bumped up on ly slightly. A year ago the interest rate was 4.88 percent, but this October the na- tional average was 3.69 percent. That meant the income needed to buy this year was $152,089, about 0.2 percent higher than 12 months ago Wildfire survivors... need business in Cali- fomia, requesting they expedite claims handling for Califomia wildfire survivors in order to help them begin the recovery and rebuikding process Realtor Dan Tresieras 2019 SRAR President and unnecessary paperwork Realtors Santa Clarita Valley Home, Condo Sales Rise; Condominium Median Price Ties Record $420,000 "With so many homes and businesses lost in the state's recent fires, this move will provide affected communities with more immediate support in their time of need. The Department of Insurance has issued similar notices after other devastating fires, including the Camp, Woolsey, and Hill fires in 2018. Virtually all insurers heeded the Commissioner's call during previous fires when similar notices were sent out. This notice is also in recognition of Govenor Gavin Newsom's declared states of emergencies related to the period to allow for lost or destroyed renewal notices; Advance payment of at least 25 percent of policy limits for personal propertywithout the completion of an iventory Accepting any inventory form that contains substantially the same infor- mation as a company-specific form; Accepting an inventory that in chudes groupings of personal property such as clothing, shoes, books, or food items, rather than listing individual item Expediting payment of vehicle damage claims covered under compre hensive loss coverage Cooperating with consolidated debris removal efforts coordinated through city, county, and state agencies, more quickly Survivors of the recent fires in Northem and Southern California face the long and painful task of recovery, which often includes trying to inventory lost possessions and reconstruct destroyed or missing The median price of condominiums sold during October in the Santa Clarita Valley tied the record high, while home and condo sales increased, and the inventory of properties listed for sale fell for the fourth consecutive month, the Southland Regional Association of Realtors reported recently. documents. "Wildfire survivors.need im mediate help to start the rebuilding process, not red tape and unneces- sary paperwork that adds to their problems," said Commissioner Lara. These expedited claims handling procedures will give policyholders the help they need. I urge insurers to do the right thing for these survivors." Commissioner Lara asked insur ance companies to provide greater The condominium median price of $420.000 matched the record reported in August and was 5.0 percent higher than a year ago. Five of the last seven months have seen a condominium median price above the wildfires. $400,000 benchmark The single-family home median price was $610,000, up 2.5 percent from COctober 2018.The record high of $643,000 that was set in April 2006 has The Southland Regional Association of Reators is a local trade association with more than 10,300members serving the San Femando and Sants Clanita Valleys. SRAR is one of the gest local assocladons in the nation yet to be surpassed. Today's incredibly low interest rates on home loans keep sales moving and help offset some of the impact of rising prices," said Amanda Etcheverry, chair of the Santa Clarita Valley Division of the Southland Regional Association of Realtors. "But continued drops in the inventory are worisome. To satisfy demand and restrain prices, we need more housing." There were only 467 homes and condominiums listed for sale at the end of October. That was down 28.7 percent from a year ago, for the fourth consecu- tive monthly decline after 13 consecutive months of increases in the inventory For comparison, the record low inventory of 312 listings was set in March 2013, while the record high of 2,630 active listings came in September 2006. The 467 active listings represented a 1.7-month supply at the current pace of sales. That is well short of the 11-year average of a 4.1-month supply that Amanda Etcheverry Chair, Santa Clarita Division, SRAR Beware of Scam Artists Ensure a contractor is legitimate-Deal only with licensed contractors. Ask to see physical verification of the t Chasing Wildfire Disasters peon licee Check that the ense is valid by lling the Contractors State License Board toll free at 800-321- 2752 or by visiting cslb.ca.gov. Insist on references and check them out. Natural disasters attract con artists eager to take advantage of people when they are most vulnerable. Follow these guidelines if offered grant money or if someone proposes to evaluate damage or make repairs: Ensure home inspectors are legitimate-Ask to see an identification badge if someone claims to be an inspec- tor from the Federal Emergency Management Adminis tration or the Small Business Administration. All federal employces and contractors are required to carry badges. FEMA and SBA staff will never ask to see banking information or charge for disaster assistance. Never give out personal information. FEMA housing inspectors will not hire specific contractors to fix damage. Get a written oontract. Make sure the contract contains everything discussed with the contractor. If it's not in the contract, the contractor cannot be held accountable for making it happen. Never pay in cash. Never pay for the entire project before all of the work is completed. Avoid being a victim-Price gouging laws prohibit rais ing rental housing costs by more than 10 percent following the declaration of a state of emergency. For details, visit oag.ca.gow/consumers/pricegougingduringdisasters. To file complaints, call the state Attorney General's office at 800-952-5225 would indicate a market that favors neither buyers nor sellers. "Owners who in generations past would have been selling, now are refi- nancing or remodeling," said Tim Johnson, the Association's chief executive officer "Buyers are locked out of the market by high prices and low supply while owners are locked in place by California's severe housing shortage." Yet even with constraints, a total of 191 single-family homes changed own- ers. That was up 9.1 percent from a year ago. Similarly, Realtors helped close escrow on 77 condominium sales, up 5.5 percent from October 2018. THE VOICE FOR REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Dan Tresierras, SRAR 2019 President, c/o DavidW@SRAR.com REALTORS is a federaly registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS@ and subscribes to its strict Code of Ethics EACTO

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