Your Source for Membership, Industry, & Market Information

June 18, 2025

A History of Standard of Practice 10-5 and Rationale for its 2025 Rewrite

Facing a string of (thus far unsuccessful) legal challenges filed against local associations that enforced Standard of Practice 10-5—and further compounded by insurance carriers unwilling to provide coverage against such litigation, Standard of Practice 10-5 urgently required updates

Professionalism

Government Affairs

June 13, 2025

A WIN for PWR: SCAQMD Rule 1111 and 1121

PWR joined with other business groups to oppose additional costs to housing, and our advocacy efforts succeeded!

Membership

June 6, 2025

PWR Announces Derek Sprague as its New CEO

The Pacific West Association of REALTORS® (PWR), the leading real estate organization serving over 11,000 members in Orange County and South Los Angeles, is pleased to announce that Derek Sprague has been named its Chief Executive Officer.

Professionalism

June 18, 2025

A History of Standard of Practice 10-5 and Rationale for its 2025 Rewrite

Facing a string of (thus far unsuccessful) legal challenges filed against local associations that enforced Standard of Practice 10-5—and further compounded by insurance carriers unwilling to provide coverage against such litigation, Standard of Practice 10-5 urgently required updates

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Government Affairs

June 18, 2025

PWR Meets with Lawmakers in Washington, D.C. to Advocate for Housing Availability and Increased Access to Homeownership

During the 2025 National Association of REALTORS® Legislative Meetings, members of the Pacific West Association of REALTORS® (PWR) met with members of Congress in Washington, D.C., to advocate for policies that will increase housing supply and improve access to homeownership.

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Market Update

June 13, 2025

PWReports – April 2025

U.S. existing-home sales decreased 5.9% month-over-month and 2.4% year-over-year to a seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR), as affordability challenges and economic uncertainty weigh on market activity.

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Market Update

June 13, 2025

PWReports – May 2025

Median Sales Price decreased 2.1 percent to $1,185,000 for Single Family homes and 0.6 percent to $715,000 for Townhouse-Condo homes. Days on Market increased 19.0 percent for Single Family homes and 30.4 percent for Townhouse-Condo homes. Months Supply of Inventory increased 25.0 percent for Single Family homes and 60.9 percent for Townhouse-Condo homes.

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Government Affairs

June 13, 2025