ADVERTISING SUPPLEMENT Fair Housing: C.A.R.'s Chief Executive to Retire Retraining Our Brain Joel Singer, the chief executive officer of the California Associa- tion of Realtors, will retire at the end of 2021. "Joel has had a distinguished four-decade-plus career at C.A.R., with more than 30 of those years as CEO, oversecing the association's objectives, business devel- opment, strategic planning, legislative policies and product creation so real estate professionals can succeed in today's changing real estate market," said CA.R. President Dave WValsh when the retirement was announced on May 21. "On behalf of C.A.R.S leadership, staff, and more than 200,000 members," Walsh said, "I thank Joel for his dedication and hard work." By Dane Sydel, Presidert, and Dad Waher Somand Regoral Association of Reatorse Implicit bias is insidious. It is invisible to the people it hurts, except for a nagging feeling that something changed, that they've been dismissed, disregarded, disrespected. SOUTHLAND REGIONAL ASSOCIATION OF REALTORS", INC. little differently. "Feedback has been overwhelmingly positive," she said. "Participants say it As an industry visionary, Singer led C.A.R. into the digital era. Under Singer's direction, C.A.R. nurtured and continues to have a strong presence in Sacramento, advocating for the real estate brokerage industry, housing, private property rights and other policy objectives. Recent legislative victories included supporting bills to ensure that real estate profession- als remain independent contractors, create greater transparency for property assessed dean cnergy- PACE- programs, and help increase the construc- tion of ADUS, accessory dwelling units. C.A.R. also defeated a bill which woukd have eliminated the mortgage interest deduction for second homes and defeated a ballot measure want to teach the substance of the law, but also move people.. We want to give Realtors a chance to practice "On the phone, the agent is nice, said Aleia In addition to its human toll, them tools, gave them Smokler. "But it changes when you meet in the office, if you're black or gay"or being discrimi- nated against for a myriad of inexplicable opened their eyes, gave motivation to stand up for their clients. "We're very proud of what we've accom- plished here,"Smokler said. The training sessions, which individuals do at their own pace, also enable office managers to craft standard policies specifically designed to "treat racial housing inequality is exacting an economic price in scenarios that feel real, to put the learner in the position of a client who is stopped from buying a home." The goal is for participants to come out of this experience seeing the worlda everyone the same." that would have repealed the Costa Hawkins Rental Housing Act. Realtor Diane Sydel, 2021 SRAR President He recently oversaw the passage of Proposition 19, which alkows qualified homeowners to transfer the tax base of their home to a replacement home. Singer joined C.A.R. in 1978, serving as chief economist and heading the reasons. "Our goal in implicit bias training is for people to feel the hardship it causes in people's lives," she said. "We ask people to open their heart, and open their eyes, and change their biases." Smokler is the senior policy representative for Fair Housing at the National Association of Realtors. NAR is striving to atone for decades of explicit bias where people of color couki not buy a home, get a koan, or pick and choose where they wanted to live. She and Amanda Byun, senior counsel at the California Association of Realtors, recently lead a fair housing zoom session with 44 attendees from the Southland Regional Association of Realtors. NAR has formally apologized for past transgressions and its support for now outlawed practices like redlin- ing and racially restrictive coverants. The nationwide association of 1.4 million Realtors has launched an aggressive education, accountability, and training program that includes development of on-line sessions, with the most recent tool called Fairhaven: a Fair Housing Simulation. "It's a new approach. There's nothing like it out there," Smokler said. "We Smokler said real estate pro- fessionals should "let the client lead,... educate clients on their fair housing obligations, because clients can be held liable under the fair housing act, too." And, while it's illegal and harmful to individuals to dis- criminate, the professional real estate community has realized that it's also simply bad business practice to turn prospective buy- ers away. Morgan Stanley in a recent study found racial inequality in housing is ex- Housing Needed to divide in homeownership and fix Association's Public Affairs department. MONAL AOCATION OF Singer has appeared on Swanepoel's Power 200 list since 2015, which identifies the 200 leaders who have the most power and influence to impact the residential real estate brokenge industry. He was named to the 2015 Inman 101 list of real estate industry doers "whose ingenuity, oitspokenness, strength, conviction, power, and persistence are driving change." Singer also was selected to Inmans list of Real Estate Influencers of 2017 for his long-time efforts to keep Realtors at the center of the transaction. In 2004, he received NARS William R. Magel Award of Excellence, which is presented annually to an individual who has truly excelled in their role as an executive of a Realtor association. A committee is bcing formed to conduct a natiornwide Alexia Smokler search for Singer's replacement. Interactive Training California's severe housing shortage." SRAR's Equal Opportunity and Housing Committee invites Realtors to - Fairhav- en: a fair housing simulation. It's a new interactive training platform designed to help combat discrimination in real estate markets. Using the power of storytell- ing, Fairhaven delivers powerful lessons that promote equity in our nation's housing market. Begin at fairhaven.realtor-a NAR login is required. Complete the training by May 31st and for- ward the Certificate of Comple- tion to fairhaven2021@srar.com to be entered into a drawing for one of ten $50 Amazon gift cards. Did you complete the program before this drawing? Excellent. You're cligible, too, so send in the Certificate to be entered in the drawing! The Wall Street firm estimated that the Close Equity Gap lack of access to homeownership has cost nearly 800,000 jobs, $400 billion in tax revenue and kept nearly five million people from owning homes. That's why the real estate com- munity is pushing for better access to financing and supports alternative credit ence to urge the Legislature to scoring models that provide a more comprehensive view of a household's finances. "First, do no harm,"Smokler said. "Second, repair any ham." The nation has come a long way since passage in 1968 of the Fair Hous- ing Act. Yet discriminatory practices remain and much needs to be done. With today's initiaties, Realtors have a chance to make amends, to be the change. COVID Market Update The California Association of Realtors, the California Build- ing Industry Association, and Habitat for Humanity California recently held a press confer- make additional investments in this year's state budget that encourage new housing for homeownership. The trio called for investments as California's median home price surged to a record $813,980 in April and housing production stalled in 2020 for the second straight year. "California desperately needs more housing to meet the needs of diverse middle-class and low-income Californians," said C.A.R. President The public health crisis con- tinues to fade as the number of new cases falls and the economy prepares to reopen more broadly on June 15th. General cconomic indicators continue to improve as well, and that is also expected to accelerate the service sector rebounds during the second half of the year. However, strong buyer demand continues to limit the uptick in supply, even as the number of sellers putting their homes on the market also grows -inventory simply can't keep up. This is causing home prices to continue to set new all-time highs, which together with gradually increas- ing mortgage rates, means buyers will face increasing challenges as purchasing power is reduced. Interest Rate Update National average as reported by Freddie Mac on: MAY 20 30-Yr FRM - 3.0 percent 15-Yr FRM - 2.29 percent May 13 30-Yr FRM - 2.94 percent 15-Yr FRM - 2.26 percent The Southland Regional Association of Reat torse is a local trade association with more than 10.300 members serving the San Ferrando and Dave Walsh in the press conference. Santa Clarita Valkys SRAR is one of the largost local assoolations in the nation. "With a historic budget surplus, now is the time to address the racial THE VOICE OF REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Diane Sydell, SRAR 2021 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 REALTORSe and subscribes to its strict Code of Ethies. ADVERTISING SUPPLEMENT Fair Housing: C.A.R.'s Chief Executive to Retire Retraining Our Brain Joel Singer, the chief executive officer of the California Associa- tion of Realtors, will retire at the end of 2021. "Joel has had a distinguished four-decade-plus career at C.A.R., with more than 30 of those years as CEO, oversecing the association's objectives, business devel- opment, strategic planning, legislative policies and product creation so real estate professionals can succeed in today's changing real estate market," said CA.R. President Dave WValsh when the retirement was announced on May 21. "On behalf of C.A.R.S leadership, staff, and more than 200,000 members," Walsh said, "I thank Joel for his dedication and hard work." By Dane Sydel, Presidert, and Dad Waher Somand Regoral Association of Reatorse Implicit bias is insidious. It is invisible to the people it hurts, except for a nagging feeling that something changed, that they've been dismissed, disregarded, disrespected. SOUTHLAND REGIONAL ASSOCIATION OF REALTORS", INC. little differently. "Feedback has been overwhelmingly positive," she said. "Participants say it As an industry visionary, Singer led C.A.R. into the digital era. Under Singer's direction, C.A.R. nurtured and continues to have a strong presence in Sacramento, advocating for the real estate brokerage industry, housing, private property rights and other policy objectives. Recent legislative victories included supporting bills to ensure that real estate profession- als remain independent contractors, create greater transparency for property assessed dean cnergy- PACE- programs, and help increase the construc- tion of ADUS, accessory dwelling units. C.A.R. also defeated a bill which woukd have eliminated the mortgage interest deduction for second homes and defeated a ballot measure want to teach the substance of the law, but also move people.. We want to give Realtors a chance to practice "On the phone, the agent is nice, said Aleia In addition to its human toll, them tools, gave them Smokler. "But it changes when you meet in the office, if you're black or gay"or being discrimi- nated against for a myriad of inexplicable opened their eyes, gave motivation to stand up for their clients. "We're very proud of what we've accom- plished here,"Smokler said. The training sessions, which individuals do at their own pace, also enable office managers to craft standard policies specifically designed to "treat racial housing inequality is exacting an economic price in scenarios that feel real, to put the learner in the position of a client who is stopped from buying a home." The goal is for participants to come out of this experience seeing the worlda everyone the same." that would have repealed the Costa Hawkins Rental Housing Act. Realtor Diane Sydel, 2021 SRAR President He recently oversaw the passage of Proposition 19, which alkows qualified homeowners to transfer the tax base of their home to a replacement home. Singer joined C.A.R. in 1978, serving as chief economist and heading the reasons. "Our goal in implicit bias training is for people to feel the hardship it causes in people's lives," she said. "We ask people to open their heart, and open their eyes, and change their biases." Smokler is the senior policy representative for Fair Housing at the National Association of Realtors. NAR is striving to atone for decades of explicit bias where people of color couki not buy a home, get a koan, or pick and choose where they wanted to live. She and Amanda Byun, senior counsel at the California Association of Realtors, recently lead a fair housing zoom session with 44 attendees from the Southland Regional Association of Realtors. NAR has formally apologized for past transgressions and its support for now outlawed practices like redlin- ing and racially restrictive coverants. The nationwide association of 1.4 million Realtors has launched an aggressive education, accountability, and training program that includes development of on-line sessions, with the most recent tool called Fairhaven: a Fair Housing Simulation. "It's a new approach. There's nothing like it out there," Smokler said. "We Smokler said real estate pro- fessionals should "let the client lead,... educate clients on their fair housing obligations, because clients can be held liable under the fair housing act, too." And, while it's illegal and harmful to individuals to dis- criminate, the professional real estate community has realized that it's also simply bad business practice to turn prospective buy- ers away. Morgan Stanley in a recent study found racial inequality in housing is ex- Housing Needed to divide in homeownership and fix Association's Public Affairs department. MONAL AOCATION OF Singer has appeared on Swanepoel's Power 200 list since 2015, which identifies the 200 leaders who have the most power and influence to impact the residential real estate brokenge industry. He was named to the 2015 Inman 101 list of real estate industry doers "whose ingenuity, oitspokenness, strength, conviction, power, and persistence are driving change." Singer also was selected to Inmans list of Real Estate Influencers of 2017 for his long-time efforts to keep Realtors at the center of the transaction. In 2004, he received NARS William R. Magel Award of Excellence, which is presented annually to an individual who has truly excelled in their role as an executive of a Realtor association. A committee is bcing formed to conduct a natiornwide Alexia Smokler search for Singer's replacement. Interactive Training California's severe housing shortage." SRAR's Equal Opportunity and Housing Committee invites Realtors to - Fairhav- en: a fair housing simulation. It's a new interactive training platform designed to help combat discrimination in real estate markets. Using the power of storytell- ing, Fairhaven delivers powerful lessons that promote equity in our nation's housing market. Begin at fairhaven.realtor-a NAR login is required. Complete the training by May 31st and for- ward the Certificate of Comple- tion to fairhaven2021@srar.com to be entered into a drawing for one of ten $50 Amazon gift cards. Did you complete the program before this drawing? Excellent. You're cligible, too, so send in the Certificate to be entered in the drawing! The Wall Street firm estimated that the Close Equity Gap lack of access to homeownership has cost nearly 800,000 jobs, $400 billion in tax revenue and kept nearly five million people from owning homes. That's why the real estate com- munity is pushing for better access to financing and supports alternative credit ence to urge the Legislature to scoring models that provide a more comprehensive view of a household's finances. "First, do no harm,"Smokler said. "Second, repair any ham." The nation has come a long way since passage in 1968 of the Fair Hous- ing Act. Yet discriminatory practices remain and much needs to be done. With today's initiaties, Realtors have a chance to make amends, to be the change. COVID Market Update The California Association of Realtors, the California Build- ing Industry Association, and Habitat for Humanity California recently held a press confer- make additional investments in this year's state budget that encourage new housing for homeownership. The trio called for investments as California's median home price surged to a record $813,980 in April and housing production stalled in 2020 for the second straight year. "California desperately needs more housing to meet the needs of diverse middle-class and low-income Californians," said C.A.R. President The public health crisis con- tinues to fade as the number of new cases falls and the economy prepares to reopen more broadly on June 15th. General cconomic indicators continue to improve as well, and that is also expected to accelerate the service sector rebounds during the second half of the year. However, strong buyer demand continues to limit the uptick in supply, even as the number of sellers putting their homes on the market also grows -inventory simply can't keep up. This is causing home prices to continue to set new all-time highs, which together with gradually increas- ing mortgage rates, means buyers will face increasing challenges as purchasing power is reduced. Interest Rate Update National average as reported by Freddie Mac on: MAY 20 30-Yr FRM - 3.0 percent 15-Yr FRM - 2.29 percent May 13 30-Yr FRM - 2.94 percent 15-Yr FRM - 2.26 percent The Southland Regional Association of Reat torse is a local trade association with more than 10.300 members serving the San Ferrando and Dave Walsh in the press conference. Santa Clarita Valkys SRAR is one of the largost local assoolations in the nation. "With a historic budget surplus, now is the time to address the racial THE VOICE OF REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Diane Sydell, SRAR 2021 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 REALTORSe and subscribes to its strict Code of Ethies.