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Reader, how immigration affects construction costs, and L.A.'s Small Lot Ordinance.

Your first tuesday real estate news
Week of June 12, 2017

FEATURES

Undocumented immigrants keep new home prices low — but not in CA
Hidden costs cancel out cheap immigrant labor.

L.A.’s Small Lot Ordinance is getting a makeover
The city is approving new design standards for the ordinance.

Brokers: Managing your CalBRE license renewal
Steps to take to comply with renewal requirements.

Vote on it

1. Are you aware of a lender calling a mortgage due this year when the buyer took title without formally assuming the mortgage?

2. Do you believe Congress will deregulate mortgage lending?

Regional housing indicators [chart]
Trends and forecasts for California's largest regions.

Is a trustee for a mortgage-in-default considered a debt collector?
Get the ruling here.

High prices hold back CA home sales volume [chart]
The number of homes sold was lower in April 2017 than a year earlier.

901: Economic Trends in California Real Estate

Enroll in our 45-hour package 901: Economic Trends in California Real Estate and get all the renewal hours you need, PLUS an up-to-date report on the latest market trends! You'll learn about the 25 market factors guiding real estate in California so you're prepared for tomorrow's market. Call 951.781.7300 or sign up online.

Current market rates
FRM rates decreased last week.

FARM: Low inventory in your neighborhood — list now!
A flyer for sellers in high-demand areas.

Client Q&A: How can I prepare for the final walk-through?
Answer your client questions about walk-throughs.

FARM: Are you at risk of foreclosure? Let me help!
Solicit listings from homeowners in default.

Preventing closing delays
A look at common closing delays.

Form Updates This Month

- Landlord and Tenant Forms: Forms 305-1, 550-2, 567-1, 567-2, 567-3, 571, 572, 576, 582, 583-1, 584, 585, 587, 590, 590-1, 597 and 598

- Listing Forms and Marketing Package: Forms 110 and 111

- Transaction Disclosure Sheets: Form 305

To access all updated forms, view our RPI Forms library here.

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