Forbearance requests increase 100-fold in just seven weeks Nationally, 7% of mortgages were in forbearance in mid-April.
Monthly Statistical Update, May 2020 Home prices are propped up by low interest rates, for now.
Escrow prorations Credits or charges in escrow for a proportionate share of income or expenses involved in the ownership of the property being conveyed.
California consumer sentiment plummets in Q1 2020 Information on homebuyer sentiment is somewhat predictive of future home sales.
California tiered home pricing Home prices increased slightly in Los Angeles, San Diego and San Francisco during February 2020.
The 20% solution: personal savings rates and homeownership The national personal savings rate rose to 8.2% of disposable personal income in February 2020.
Current market rates The average 30-year fixed rate mortgage hit a new low in the week ending May 1, 2020, decreasing to 3.23%.
California’s definition of “essential service” has shifted for real estate professionals California cities and counties issue their own rules on essential services.
form updates this month
- Listing Forms and Marketing Package: Form 115
Coming soon! A new series of Tenant Protection Act (TPA) forms will be published on the RPI Forms Download page in the coming weeks. The new forms are used by landlords of properties subject to AB 1482 which limits annual rent increases to 5% plus the rate of inflation, and requires “just cause” to evict tenants who have occupied a unit for 12 months or more. An exhaustive article will be published in conjunction with the release of the new forms.
To access all updated forms, view our RPI Forms library
here. Click on Download the Full Forms Library to download our entire catalog.
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form updates this month