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NAR Settlement

Latest updates of the NAR Settlement, C.A.R., and CRMLS Business Changes.

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103+ Years

Advocating and Protecting Private Property Rights of Buyers and Sellers.

Find a REALTOR®

3000+

Collective force of real estate professionals who adhere to

Code of Ethics

150+

REALTORS® are committed to attend over 150 training classes annually.

Education Schedule

 

U.S. Housing Market Update

+2%

Month-over-month: 2% increase in existing-home sales and 0.6% increase in unsold inventory

Year-over-year: 0.8% in existing-home sales. 0.2% increase in median existing-home sales price.

-- National Association of REALTORS --

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-1.0% - California home sales trail last year’s levels

261,820 home sales in July, down 1.0 percent.
July's median home price $884,050, down 1.7 percent from June
Year-to-date statewide home sales were down 0.4 percent.

-- California Association of REALTORS --
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Commercial Real Estate

§2025 Highlights of Commercial Real Estate
 Download the Full NAR Commercial Real Estate Market Insights Report - January 2025

Economy

Job growth (December 2024 compared to March 2020): 5.7%
Inflation (December 2024): 2.9%
Gross Domestic Product (GDP) Q4 2024: 2.3%

Commercial RE Lending

CRE loans (December 2024): $3.0 trillion
Delinquency rate of CRE loans (Q3 2024): 1.52%
Office delinquency rate (Q3 2024): 7.8%

Office

Net absorption in the last 12 months: -17.9 million sq.ft.
Rent growth in the last 12 months: 1.0%
Cap rate: 8.9%

Multifamily

Absorption of units in the last 12 months: 557,121 units
Rent growth in the last 12 months: 1.0%
Cap rate: 6.1%

Retail

Net absorption in the last 12 months: 23.2 million sq. ft.
Rent growth in the last 12 months: 1.9%
Cap rate: 7.0%

Industrial

Net absorption in the last 12 months: 115.4 million sq. ft.
Rent growth in the last 12 months: 2.2%
Cap rate: 7.5%

Hotel

Occupancy rate in the last 12 months: 62.9%
Average daily rate in the last 12 months: $158/room
Revenue per available room in the last 12 months: $100/room

WSGVR YouTube Channels

General Training
Tools to increase REALTORS' productivity.
Legal
Videos to provide up-to-date legal real estate issues.
Legislative
Videos provide up-to-date information on a variety of legislative issues.
Commercial
Tools to help REALTORS work in the commercial real estate.
MLS Breakfast Meetings
Various hot topics presented at our MLS Breakfast Meetings.
Global
Provide up-to-date information on the global real estate.
Affiliate Panels
Affiliates discussed a variety of industry hot topics.
Real Estate Taxes
Provides REALTORS with up-to-date real estate taxes.

MISSION & VISION

Our Mission is to safeguard private property rights by promoting an adherence to the REALTOR® Code of Ethics and professional competency of our members.

Our Vision is to provide tools, products, services, and education to assist members to be more productive in the real estate profession.

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