Dan MacGregor, president of MacGregor Realty, along with Bonnie Kent, Sharyl Hutchison and Judy MacGregor, recently attended the California Association of Realtors Industry Leaders Briefing at the Westin Hotel in Pasadena. The meeting included brokers and managers from real estate firms located in areas from San Diego to Santa Barbara, as well as top California Association of Realtors staff members.
"As the attendees were introduced, we heard comments about the real estate market in their various areas," says MacGregor. "'Our inventory is shrinking,' 'we are noticing a definite strengthening in our area,' 'we've been experiencing multiple offers and a shorter market time.' Every broker and manager who commented had strong, positive comments about the current market, which seems to be turning around. With low interest rates and more homes to select from, buyers appear to be making decisions and purchasing properties much faster."
The meeting included a real estate market update and forecast by Leslie Appleton-Young, vice president and chief economist for CAR and a legal update by June Barlow, head of CAR legal services. Alex Kreel, CAR lobbyist, gave an engaging update on new and proposed laws in the state legislature that will affect realtors as well as home buyers and home sellers. Another item of interest that was heavily discussed was the possibility of a state wide multiple listing service. Most of the people at the meeting were in favor of a new MLS that would allow their agents to have access to properties throughout the state.