Reader, new 2019 laws, legislative gossip and forecasting the recession.
Your first tuesday real estate news Week of December 17, 2018
FEATURES
New agency laws update real estate disclosures in CA AB 1289 has made several changes to real estate disclosure requirements, effective January 1, 2019.
Planning and building standards change in response to growing housing crisis Dozens of new laws have passed since 2017 to encourage new home construction.
Right of redemption expires when the sale of a tax-defaulted property begins A new law clarifies the date an owner's right to redeem a tax-defaulted property expires.
Residential property tax postponement for seniors includes mobilehomes Senior and disabled mobilehome owners may now qualify to postpone their property taxes.
Inspections required for exterior elevated elements in buildings with three or more multifamily residences Load-bearing exterior elevated structures in some buildings require an inspection every six years.
Using the yield spread to forecast recessions and recoveries [chart] The yield spread continued to fall in November 2018, averaging 0.78 points and falling.
California home sales volume lays low [chart] Home sales will continue to decrease and won't rise significantly until prices bottom with the next recession.
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