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California REALTORS® Advocates for Expanded Homeownership

The California Association of REALTORS® (C.A.R.) has made significant statements regarding the urgent need for expanded homeownership opportunities throughout California. This plea comes in the wake of Governor Gavin Newsom's recent State of the State address, in which he acknowledged the profound impact that housing costs have on the state's overall affordability crisis.

2026 C.A.R. President, Tamara Suminski, expressed commendation for the governor's recognition of housing costs, stating, "Housing costs are a major driver of California's affordability crisis." As the state faces this challenge, C.A.R. applauds efforts by state leaders aimed at finding transformative solutions to reduce housing expenses.

C.A.R. has noted tangible progress, particularly in the state’s initiatives to streamline housing development processes and boost overall supply. Nonetheless, they have voiced caution against implementing harsh rent restrictions that could deter investment and diminish housing availability. "Prolonged and stringent rent restrictions would move the state in the wrong direction," Suminski cautioned, emphasizing that these policies could make life more difficult for California's families in their pursuit of housing.

The organization advocates for a cooperative approach to policy-making, aiming for equitably structured incentives that will encourage institutional investors to convert single-family rentals back into owner-occupied homes. This move could expand access for first-time homebuyers, thereby supporting more families in becoming homeowners.

Suminski reinforced the commitment of C.A.R. to collaborate with policymakers: "We share the goal of ensuring that all Californians have a roof over their head. We are ready to work with policymakers on balanced, practical solutions that enhance housing supply and create opportunities for aspiring homeowners." The insights provided by C.A.R. underline the importance of homeownership in fostering vibrant communities and facilitating long-term economic growth.

With more than 120 years of experience in California real estate, C.A.R. stands as one of the largest state trade organizations in the United States. It boasts a membership of approximately 190,000 professionals dedicated to elevating standards across the real estate industry, focusing on advancing professionalism in all facets of the field. As discussions continue with Governor Newsom and legislative leaders, C.A.R. aims to cultivate sustainable solutions that not only increase housing stock but also strengthen community ties and provide prospective homeowners with the tools they need to achieve their dreams.

The commitment of C.A.R. to homeownership and community development reflects a broader movement within California, as residents and leaders alike look for ways to tackle housing affordability issues that impact countless families across the state. The preservation of homeownership serves not just as a goal for personal wealth, but as a cornerstone of vital neighborhoods and the lifeblood of California’s economy.