ADVERTISING SUPPLEMENT2020 National Market ForecastLow Interest Rates, Tight SupplyBolster Housing Market StatewideSOUTHLAND REGIONALReal Estate onFirm GroundASSOCIATION OF REALTORS', INC.Statewide home sales and prices retreated in November,though the median price recorded its largest year-over-yearprice gain in nearly a year and a half, the California Associa-tion of Realtors reported recently."While statewide home sales and prices eased back slightly as the housingmarket continued to move into the off season, a favorable lending environ-ment continues to draw interest from buyers who want to take advantage oflow rates," said Jeanne Radsick, the 2020 president of the California Associa-tion of Realtors."The upper end of the market, in particular," she said, "is showing somewelcomed improvement in recent months as both sales and prices posted mildgrowth from a year ago in November."The median price decreased 2.6 percent from October's $605,280 to$589,770 in November, marking the first time in seven months that the me-dian price was under $600,000, November's median price was up 6.4 percentSouthiand Regional Association of RealtorsBy Dan Tresierras, President, and David WakerA group of top economists saidthey believe the U.S. economywill continue to expand in 2020while also projecting that arecession remains unlikely.The economistsgathered re-cently in Wash-Sixty-nine percent of the econo-mists said they expect that theFederal Open Market Committeewill not change the federal funds ratein 2020.Thirty-one percent said theyoutgrow income gains."Åpartment rents are expectedto rise 3.8 percent and 3.6 percent,respectively, in 2020 and 2021.According to the group of econo-mists, annual commercial real estateprices will climb3.6% in 2020 and3.4% in 2021."Residentialand commercialreal estate invest-ment remains at-'For the market to be healthier,ington, D.C., at more supply is needed to assurehome prices and rents do notconsistently outgrow income'the headquartersof the NationalAssociation ofRealtors for thefirst-ever realWe're seeing a more robust market...driven primarily by low interest ratestractive as we ap-proach the startof a new decade," said Vince Malta,president of the National Associa-tion of Realtors. "Increased homeestate forecastsummit.They expectthe U.S. economy to continueexpanding next year while project-ing real estate prices will rise andreiterating that a recession remainsRealtor Dan Tresieras2019 SRAR Presidentexpected the committee will lowerthe rate next year.The average annual 30-year fixedmortgage rates of 3.8 percent and 4.0percent are expected for 2020 and2021, respectively.Annual median home prices areforecasted to increase by 3.6 percentin 2020 and by 3.5 percent in 2021."Real estate is on firm ground withlittle chance of price declines," saidNAR's Chief Economist LawrenceYun."However, in order for the marketto be healthier," he said, "more sup-ply is needed to assure home pricesas well as rents do not consistentlyfrom $554,240 in November 2018. The year-over-year price increase was thelargest since July 2018."We're seeing a more robust market in the second half of the year, drivenprimarily by the lowest interest rates in nearly three years," said A.R. SeniorVice President and Chief Economist Leslie Appleton-Young. "While uncer-tainties and supply constraints will continue to dictate the market outlook in2020, the California housing market will likely wrap up 2019 in slightly bettershape than previously thought."With prices rising faster in recent months while supply continued toshrink, home sellers optimism improved both month-over-month andyear-over-year. According to a monthly Google poll conducted by C.A.R. inDecember, 51 percent of owners believe it is a good time to sell, up from 47percent a month ago, and up from 46 percent a year ago.Buyers, however, remain uncertain about the current housing market condi-tions as 24 percent believe that it is a good time to buy now, lower than lastyear when it was 25 percent and interest rates were more than 100 basis pointshigher.The 30-year, fixed-mortgage interest rate averaged 3.70 percent in Novem-ber, down from 4.87 percent in November 2018, according to Freddie Mac.The five-year, adjustable mortgage interest rate was an average of 3.41 percent.building can serve as a stimulator forthe overall economy, and we stronglyencourage more homes to be built asbuyer demand remains strong.The 2019 NAR Real Estate Fore-cast Summit consensus forecasts arecompiled as averages of the responsesof 14 leading economists whoparticipated during the summit. Thesurvey was conducted from Dec. 2-5.The Southland Regional Association of Realtorsis a local trade association with more than10,300 members serving the San Femandoand Santa Clarita Valeys. SRAR is one of thekargest local associadions in the nationunlikely.These economists predicted a 29percent probability of a recession in2020 with forecasted Gross Domes-tic Product growth of 2.0 percentnext year and 1.9 percent in 2021.The group expects a nationwideannual unemployment rate of 3.7percent next year with a small rise to3.9percent in 2021.Realtors Praise Effort to Lift LimitSwiftly Settle R.E. Disputeson State, Local Tax DeductionsParties to real estate transactions can settledisputes quickly and informally by using a free,unique, Ombudsman service provided by theSouthland Regional Association of Realtors.The ombudsman's role isone of communication andconcliation, not adjudication.Instead, the Ombudsmancan help identify and resolvemisunderstandings anddisagreements before mattersturn into a formal complaint.For more information,contact Oscar Sol, SRARSProfessional Standards administrator, at 818-947-2226 orThe recent passage by the U.S. House ofRepresentatives of H.R. 5377, a bill thattemporarily eliminates the cap on state andlocal tax deductions for 2020 and 2021,drew praise from Realtors statewide.The Restoring Tax Fairmess for States and LocalitiesAct also would increase the cap to $20,000 for marriedcouples for 2019. It passed the House on Dec. 19 andnow heads to the U.S. Senate where its fate is uncertain,Thank You!100TH ANNUAL100th InstallationINAUGURAL BALLSponsorsombudsmanCEATING THI INSTAILATKON OCRMLSPresident NaneyTrovell CarnahaFinance of Americaat best."We are pleased that the House has passed a bill totemporarily eliminate the cap on the amount of stateand local tax that taxpayers can deduct on their federaltax returns," said Jeanne Radsick, president of theCalifornia Association of Realtors. "The combined hitof a reduction in the mortgage interest deduction andcurrent $10,000 SALT cap in the tax law has dispropor-tionately hurt taxpayers and real estate in Califomia.Radsick said that ensuring the tax code incentivizeshousing and real estate will continue to be a top priority.C.A.R. also thanked the many California Congressionalmembers who supported easing the double taxationpenalty that harms an estimated 88,000 Californians,Carlson Law GroupSUPRAAND THE 200 0FCERS& DICTORSEscrowvia email at Oscansrar.com.TechnologiesSATURDAY. JANUARY 18. 2020Ombudsmen are trained in and familiar with theCode of Ethics, state real estate regulations, and curentreal estate practices. They can respond to a wide varietyof inquiries and complaints, including general questionsabout real estate practice, transaction details and ethicalstandards. If the Ombudsman is unable to facilitatea resolution for the parties, filing a formal complaintEatO TAHOnBrokerinTrustwGEAT GATSpile, Leff &Goor, LLPUiAL CIYCRES Insuranceremains an option.DashCMATo purhase tidets ortabeasponso mal KarenTHE 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 federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS8 and subscribes to its strict Code of Ethics.EALTOR ADVERTISING SUPPLEMENT 2020 National Market Forecast Low Interest Rates, Tight Supply Bolster Housing Market Statewide SOUTHLAND REGIONAL Real Estate on Firm Ground ASSOCIATION OF REALTORS', INC. Statewide home sales and prices retreated in November, though the median price recorded its largest year-over-year price gain in nearly a year and a half, the California Associa- tion of Realtors reported recently. "While statewide home sales and prices eased back slightly as the housing market continued to move into the off season, a favorable lending environ- ment continues to draw interest from buyers who want to take advantage of low rates," said Jeanne Radsick, the 2020 president of the California Associa- tion of Realtors. "The upper end of the market, in particular," she said, "is showing some welcomed improvement in recent months as both sales and prices posted mild growth from a year ago in November." The median price decreased 2.6 percent from October's $605,280 to $589,770 in November, marking the first time in seven months that the me- dian price was under $600,000, November's median price was up 6.4 percent Southiand Regional Association of Realtors By Dan Tresierras, President, and David Waker A group of top economists said they believe the U.S. economy will continue to expand in 2020 while also projecting that a recession remains unlikely. The economists gathered re- cently in Wash- Sixty-nine percent of the econo- mists said they expect that the Federal Open Market Committee will not change the federal funds rate in 2020. Thirty-one percent said they outgrow income gains." Åpartment rents are expected to rise 3.8 percent and 3.6 percent, respectively, in 2020 and 2021. According to the group of econo- mists, annual commercial real estate prices will climb 3.6% in 2020 and 3.4% in 2021. "Residential and commercial real estate invest- ment remains at- 'For the market to be healthier, ington, D.C., at more supply is needed to assure home prices and rents do not consistently outgrow income' the headquarters of the National Association of Realtors for the first-ever real We're seeing a more robust market... driven primarily by low interest rates tractive as we ap- proach the start of a new decade," said Vince Malta, president of the National Associa- tion of Realtors. "Increased home estate forecast summit. They expect the U.S. economy to continue expanding next year while project- ing real estate prices will rise and reiterating that a recession remains Realtor Dan Tresieras 2019 SRAR President expected the committee will lower the rate next year. The average annual 30-year fixed mortgage rates of 3.8 percent and 4.0 percent are expected for 2020 and 2021, respectively. Annual median home prices are forecasted to increase by 3.6 percent in 2020 and by 3.5 percent in 2021. "Real estate is on firm ground with little chance of price declines," said NAR's Chief Economist Lawrence Yun. "However, in order for the market to be healthier," he said, "more sup- ply is needed to assure home prices as well as rents do not consistently from $554,240 in November 2018. The year-over-year price increase was the largest since July 2018. "We're seeing a more robust market in the second half of the year, driven primarily by the lowest interest rates in nearly three years," said A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. "While uncer- tainties and supply constraints will continue to dictate the market outlook in 2020, the California housing market will likely wrap up 2019 in slightly better shape than previously thought." With prices rising faster in recent months while supply continued to shrink, home sellers optimism improved both month-over-month and year-over-year. According to a monthly Google poll conducted by C.A.R. in December, 51 percent of owners believe it is a good time to sell, up from 47 percent a month ago, and up from 46 percent a year ago. Buyers, however, remain uncertain about the current housing market condi- tions as 24 percent believe that it is a good time to buy now, lower than last year when it was 25 percent and interest rates were more than 100 basis points higher. The 30-year, fixed-mortgage interest rate averaged 3.70 percent in Novem- ber, down from 4.87 percent in November 2018, according to Freddie Mac. The five-year, adjustable mortgage interest rate was an average of 3.41 percent. building can serve as a stimulator for the overall economy, and we strongly encourage more homes to be built as buyer demand remains strong. The 2019 NAR Real Estate Fore- cast Summit consensus forecasts are compiled as averages of the responses of 14 leading economists who participated during the summit. The survey was conducted from Dec. 2-5. The Southland Regional Association of Realtors is a local trade association with more than 10,300 members serving the San Femando and Santa Clarita Valeys. SRAR is one of the kargest local associadions in the nation unlikely. These economists predicted a 29 percent probability of a recession in 2020 with forecasted Gross Domes- tic Product growth of 2.0 percent next year and 1.9 percent in 2021. The group expects a nationwide annual unemployment rate of 3.7 percent next year with a small rise to 3.9 percent in 2021. Realtors Praise Effort to Lift Limit Swiftly Settle R.E. Disputes on State, Local Tax Deductions Parties to real estate transactions can settle disputes quickly and informally by using a free, unique, Ombudsman service provided by the Southland Regional Association of Realtors. The ombudsman's role is one of communication and concliation, not adjudication. Instead, the Ombudsman can help identify and resolve misunderstandings and disagreements before matters turn into a formal complaint. For more information, contact Oscar Sol, SRARS Professional Standards administrator, at 818-947-2226 or The recent passage by the U.S. House of Representatives of H.R. 5377, a bill that temporarily eliminates the cap on state and local tax deductions for 2020 and 2021, drew praise from Realtors statewide. The Restoring Tax Fairmess for States and Localities Act also would increase the cap to $20,000 for married couples for 2019. It passed the House on Dec. 19 and now heads to the U.S. Senate where its fate is uncertain, Thank You! 100TH ANNUAL 100th Installation INAUGURAL BALL Sponsors ombudsman CEATING THI INSTAILATKON O CRMLS President Naney Trovell Carnaha Finance of America at best. "We are pleased that the House has passed a bill to temporarily eliminate the cap on the amount of state and local tax that taxpayers can deduct on their federal tax returns," said Jeanne Radsick, president of the California Association of Realtors. "The combined hit of a reduction in the mortgage interest deduction and current $10,000 SALT cap in the tax law has dispropor- tionately hurt taxpayers and real estate in Califomia. Radsick said that ensuring the tax code incentivizes housing and real estate will continue to be a top priority. C.A.R. also thanked the many California Congressional members who supported easing the double taxation penalty that harms an estimated 88,000 Californians, Carlson Law Group SUPRA AND THE 200 0FCERS& DICTORS Escrow via email at Oscansrar.com. Technologies SATURDAY. JANUARY 18. 2020 Ombudsmen are trained in and familiar with the Code of Ethics, state real estate regulations, and curent real estate practices. They can respond to a wide variety of inquiries and complaints, including general questions about real estate practice, transaction details and ethical standards. If the Ombudsman is unable to facilitate a resolution for the parties, filing a formal complaint EatO TAHOn BrokerinTrust wGEAT GAT Spile, Leff & Goor, LLP UiAL CIY CRES Insurance remains an option. DashCMA To purhase tidets ortabe asponso mal Karen 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 federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS8 and subscribes to its strict Code of Ethics. EALTOR

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ADVERTISING SUPPLEMENT 2020 National Market Forecast Low Interest Rates, Tight Supply Bolster Housing Market Statewide SOUTHLAND REGIONAL Real Estate on Firm Ground ASSOCIATION OF REALTORS', INC. Statewide home sales and prices retreated in November, though the median price recorded its largest year-over-year price gain in nearly a year and a half, the California Associa- tion of Realtors reported recently. "While statewide home sales and prices eased back slightly as the housing market continued to move into the off season, a favorable lending environ- ment continues to draw interest from buyers who want to take advantage of low rates," said Jeanne Radsick, the 2020 president of the California Associa- tion of Realtors. "The upper end of the market, in particular," she said, "is showing some welcomed improvement in recent months as both sales and prices posted mild growth from a year ago in November." The median price decreased 2.6 percent from October's $605,280 to $589,770 in November, marking the first time in seven months that the me- dian price was under $600,000, November's median price was up 6.4 percent Southiand Regional Association of Realtors By Dan Tresierras, President, and David Waker A group of top economists said they believe the U.S. economy will continue to expand in 2020 while also projecting that a recession remains unlikely. The economists gathered re- cently in Wash- Sixty-nine percent of the econo- mists said they expect that the Federal Open Market Committee will not change the federal funds rate in 2020. Thirty-one percent said they outgrow income gains." Åpartment rents are expected to rise 3.8 percent and 3.6 percent, respectively, in 2020 and 2021. According to the group of econo- mists, annual commercial real estate prices will climb 3.6% in 2020 and 3.4% in 2021. "Residential and commercial real estate invest- ment remains at- 'For the market to be healthier, ington, D.C., at more supply is needed to assure home prices and rents do not consistently outgrow income' the headquarters of the National Association of Realtors for the first-ever real We're seeing a more robust market... driven primarily by low interest rates tractive as we ap- proach the start of a new decade," said Vince Malta, president of the National Associa- tion of Realtors. "Increased home estate forecast summit. They expect the U.S. economy to continue expanding next year while project- ing real estate prices will rise and reiterating that a recession remains Realtor Dan Tresieras 2019 SRAR President expected the committee will lower the rate next year. The average annual 30-year fixed mortgage rates of 3.8 percent and 4.0 percent are expected for 2020 and 2021, respectively. Annual median home prices are forecasted to increase by 3.6 percent in 2020 and by 3.5 percent in 2021. "Real estate is on firm ground with little chance of price declines," said NAR's Chief Economist Lawrence Yun. "However, in order for the market to be healthier," he said, "more sup- ply is needed to assure home prices as well as rents do not consistently from $554,240 in November 2018. The year-over-year price increase was the largest since July 2018. "We're seeing a more robust market in the second half of the year, driven primarily by the lowest interest rates in nearly three years," said A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. "While uncer- tainties and supply constraints will continue to dictate the market outlook in 2020, the California housing market will likely wrap up 2019 in slightly better shape than previously thought." With prices rising faster in recent months while supply continued to shrink, home sellers optimism improved both month-over-month and year-over-year. According to a monthly Google poll conducted by C.A.R. in December, 51 percent of owners believe it is a good time to sell, up from 47 percent a month ago, and up from 46 percent a year ago. Buyers, however, remain uncertain about the current housing market condi- tions as 24 percent believe that it is a good time to buy now, lower than last year when it was 25 percent and interest rates were more than 100 basis points higher. The 30-year, fixed-mortgage interest rate averaged 3.70 percent in Novem- ber, down from 4.87 percent in November 2018, according to Freddie Mac. The five-year, adjustable mortgage interest rate was an average of 3.41 percent. building can serve as a stimulator for the overall economy, and we strongly encourage more homes to be built as buyer demand remains strong. The 2019 NAR Real Estate Fore- cast Summit consensus forecasts are compiled as averages of the responses of 14 leading economists who participated during the summit. The survey was conducted from Dec. 2-5. The Southland Regional Association of Realtors is a local trade association with more than 10,300 members serving the San Femando and Santa Clarita Valeys. SRAR is one of the kargest local associadions in the nation unlikely. These economists predicted a 29 percent probability of a recession in 2020 with forecasted Gross Domes- tic Product growth of 2.0 percent next year and 1.9 percent in 2021. The group expects a nationwide annual unemployment rate of 3.7 percent next year with a small rise to 3.9 percent in 2021. Realtors Praise Effort to Lift Limit Swiftly Settle R.E. Disputes on State, Local Tax Deductions Parties to real estate transactions can settle disputes quickly and informally by using a free, unique, Ombudsman service provided by the Southland Regional Association of Realtors. The ombudsman's role is one of communication and concliation, not adjudication. Instead, the Ombudsman can help identify and resolve misunderstandings and disagreements before matters turn into a formal complaint. For more information, contact Oscar Sol, SRARS Professional Standards administrator, at 818-947-2226 or The recent passage by the U.S. House of Representatives of H.R. 5377, a bill that temporarily eliminates the cap on state and local tax deductions for 2020 and 2021, drew praise from Realtors statewide. The Restoring Tax Fairmess for States and Localities Act also would increase the cap to $20,000 for married couples for 2019. It passed the House on Dec. 19 and now heads to the U.S. Senate where its fate is uncertain, Thank You! 100TH ANNUAL 100th Installation INAUGURAL BALL Sponsors ombudsman CEATING THI INSTAILATKON O CRMLS President Naney Trovell Carnaha Finance of America at best. "We are pleased that the House has passed a bill to temporarily eliminate the cap on the amount of state and local tax that taxpayers can deduct on their federal tax returns," said Jeanne Radsick, president of the California Association of Realtors. "The combined hit of a reduction in the mortgage interest deduction and current $10,000 SALT cap in the tax law has dispropor- tionately hurt taxpayers and real estate in Califomia. Radsick said that ensuring the tax code incentivizes housing and real estate will continue to be a top priority. C.A.R. also thanked the many California Congressional members who supported easing the double taxation penalty that harms an estimated 88,000 Californians, Carlson Law Group SUPRA AND THE 200 0FCERS& DICTORS Escrow via email at Oscansrar.com. Technologies SATURDAY. JANUARY 18. 2020 Ombudsmen are trained in and familiar with the Code of Ethics, state real estate regulations, and curent real estate practices. They can respond to a wide variety of inquiries and complaints, including general questions about real estate practice, transaction details and ethical standards. If the Ombudsman is unable to facilitate a resolution for the parties, filing a formal complaint EatO TAHOn BrokerinTrust wGEAT GAT Spile, Leff & Goor, LLP UiAL CIY CRES Insurance remains an option. DashCMA To purhase tidets ortabe asponso mal Karen 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 federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS8 and subscribes to its strict Code of Ethics. EALTOR ADVERTISING SUPPLEMENT 2020 National Market Forecast Low Interest Rates, Tight Supply Bolster Housing Market Statewide SOUTHLAND REGIONAL Real Estate on Firm Ground ASSOCIATION OF REALTORS', INC. Statewide home sales and prices retreated in November, though the median price recorded its largest year-over-year price gain in nearly a year and a half, the California Associa- tion of Realtors reported recently. "While statewide home sales and prices eased back slightly as the housing market continued to move into the off season, a favorable lending environ- ment continues to draw interest from buyers who want to take advantage of low rates," said Jeanne Radsick, the 2020 president of the California Associa- tion of Realtors. "The upper end of the market, in particular," she said, "is showing some welcomed improvement in recent months as both sales and prices posted mild growth from a year ago in November." The median price decreased 2.6 percent from October's $605,280 to $589,770 in November, marking the first time in seven months that the me- dian price was under $600,000, November's median price was up 6.4 percent Southiand Regional Association of Realtors By Dan Tresierras, President, and David Waker A group of top economists said they believe the U.S. economy will continue to expand in 2020 while also projecting that a recession remains unlikely. The economists gathered re- cently in Wash- Sixty-nine percent of the econo- mists said they expect that the Federal Open Market Committee will not change the federal funds rate in 2020. Thirty-one percent said they outgrow income gains." Åpartment rents are expected to rise 3.8 percent and 3.6 percent, respectively, in 2020 and 2021. According to the group of econo- mists, annual commercial real estate prices will climb 3.6% in 2020 and 3.4% in 2021. "Residential and commercial real estate invest- ment remains at- 'For the market to be healthier, ington, D.C., at more supply is needed to assure home prices and rents do not consistently outgrow income' the headquarters of the National Association of Realtors for the first-ever real We're seeing a more robust market... driven primarily by low interest rates tractive as we ap- proach the start of a new decade," said Vince Malta, president of the National Associa- tion of Realtors. "Increased home estate forecast summit. They expect the U.S. economy to continue expanding next year while project- ing real estate prices will rise and reiterating that a recession remains Realtor Dan Tresieras 2019 SRAR President expected the committee will lower the rate next year. The average annual 30-year fixed mortgage rates of 3.8 percent and 4.0 percent are expected for 2020 and 2021, respectively. Annual median home prices are forecasted to increase by 3.6 percent in 2020 and by 3.5 percent in 2021. "Real estate is on firm ground with little chance of price declines," said NAR's Chief Economist Lawrence Yun. "However, in order for the market to be healthier," he said, "more sup- ply is needed to assure home prices as well as rents do not consistently from $554,240 in November 2018. The year-over-year price increase was the largest since July 2018. "We're seeing a more robust market in the second half of the year, driven primarily by the lowest interest rates in nearly three years," said A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. "While uncer- tainties and supply constraints will continue to dictate the market outlook in 2020, the California housing market will likely wrap up 2019 in slightly better shape than previously thought." With prices rising faster in recent months while supply continued to shrink, home sellers optimism improved both month-over-month and year-over-year. According to a monthly Google poll conducted by C.A.R. in December, 51 percent of owners believe it is a good time to sell, up from 47 percent a month ago, and up from 46 percent a year ago. Buyers, however, remain uncertain about the current housing market condi- tions as 24 percent believe that it is a good time to buy now, lower than last year when it was 25 percent and interest rates were more than 100 basis points higher. The 30-year, fixed-mortgage interest rate averaged 3.70 percent in Novem- ber, down from 4.87 percent in November 2018, according to Freddie Mac. The five-year, adjustable mortgage interest rate was an average of 3.41 percent. building can serve as a stimulator for the overall economy, and we strongly encourage more homes to be built as buyer demand remains strong. The 2019 NAR Real Estate Fore- cast Summit consensus forecasts are compiled as averages of the responses of 14 leading economists who participated during the summit. The survey was conducted from Dec. 2-5. The Southland Regional Association of Realtors is a local trade association with more than 10,300 members serving the San Femando and Santa Clarita Valeys. SRAR is one of the kargest local associadions in the nation unlikely. These economists predicted a 29 percent probability of a recession in 2020 with forecasted Gross Domes- tic Product growth of 2.0 percent next year and 1.9 percent in 2021. The group expects a nationwide annual unemployment rate of 3.7 percent next year with a small rise to 3.9 percent in 2021. Realtors Praise Effort to Lift Limit Swiftly Settle R.E. Disputes on State, Local Tax Deductions Parties to real estate transactions can settle disputes quickly and informally by using a free, unique, Ombudsman service provided by the Southland Regional Association of Realtors. The ombudsman's role is one of communication and concliation, not adjudication. Instead, the Ombudsman can help identify and resolve misunderstandings and disagreements before matters turn into a formal complaint. For more information, contact Oscar Sol, SRARS Professional Standards administrator, at 818-947-2226 or The recent passage by the U.S. House of Representatives of H.R. 5377, a bill that temporarily eliminates the cap on state and local tax deductions for 2020 and 2021, drew praise from Realtors statewide. The Restoring Tax Fairmess for States and Localities Act also would increase the cap to $20,000 for married couples for 2019. It passed the House on Dec. 19 and now heads to the U.S. Senate where its fate is uncertain, Thank You! 100TH ANNUAL 100th Installation INAUGURAL BALL Sponsors ombudsman CEATING THI INSTAILATKON O CRMLS President Naney Trovell Carnaha Finance of America at best. "We are pleased that the House has passed a bill to temporarily eliminate the cap on the amount of state and local tax that taxpayers can deduct on their federal tax returns," said Jeanne Radsick, president of the California Association of Realtors. "The combined hit of a reduction in the mortgage interest deduction and current $10,000 SALT cap in the tax law has dispropor- tionately hurt taxpayers and real estate in Califomia. Radsick said that ensuring the tax code incentivizes housing and real estate will continue to be a top priority. C.A.R. also thanked the many California Congressional members who supported easing the double taxation penalty that harms an estimated 88,000 Californians, Carlson Law Group SUPRA AND THE 200 0FCERS& DICTORS Escrow via email at Oscansrar.com. Technologies SATURDAY. JANUARY 18. 2020 Ombudsmen are trained in and familiar with the Code of Ethics, state real estate regulations, and curent real estate practices. They can respond to a wide variety of inquiries and complaints, including general questions about real estate practice, transaction details and ethical standards. If the Ombudsman is unable to facilitate a resolution for the parties, filing a formal complaint EatO TAHOn BrokerinTrust wGEAT GAT Spile, Leff & Goor, LLP UiAL CIY CRES Insurance remains an option. DashCMA To purhase tidets ortabe asponso mal Karen 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 federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS8 and subscribes to its strict Code of Ethics. EALTOR

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