Newsletter

Reader, home sales volume, slow jobs recovery and ownership rights when a tenant vacates.

Your firsttuesday real estate news
Week of October 11, 2021

Features

China’s looming real estate crisis casts a shadow in California
In weighing foreign investment's impact on real estate markets, consumer confidence is key.

August 2021 California home sales rise 15% above a year earlier
48,100 new and resale home transactions closed escrow in California during August 2021.

Ownership Rights When a Tenant Vacates
This video covers the proper handling of tenant improvements on the expiration of a lease.

Vote on it

Will demand for high-density multifamily buildings and condo units continue to drop following the pandemic?

Career Coach: first-time homebuyer considerations
This excerpt from the firsttuesday Career Manual helps new agents snap up first-time homebuyer clients.

Dept of Housing and Community Development flexes new enforcement powers
California is clamping down on affordable housing noncompliance.

California’s slow job recovery and the housing market shift
California boasts the 9th slowest jobs recovery in the nation and 4th highest unemployment figures.

Video Renewal Course: Real Estate Made Reel

In a world of generic CE...

It's time to finally start enjoying your real estate education. Introducing firsttuesday's Video Renewal Course: Real Estate Made Reel. Click here for a teaser of California’s first — and only — DRE-approved, video-based renewal experience.

Mortgage Concepts: Is it a violation of appraiser independence?
Mortgage Concepts is a recurring video series covering compliance practices for MLOs.

New study sheds light on housing planning issues
When housing planners zig, builders zag. Learn how California cities can improve their affordable housing planning.

The long-term decline in California real estate investors
Not a single California metro area made the top ten for domestic investor homebuying in 2020.

The votes are in: Readers predict home price bubble burst
Just over half of readers believe the price bubble will pop a year from now, in the latter half of 2022.

Legislative Gossip: October 2021
California passes bills on implicit bias training for licensees, residential upzoning, ADU sales and more.

California home sales volume lays low
California's new and resale home transactions for August 2021 was lower than the prior month but a significant 15% above a year earlier.

California tiered home pricing
Home prices accelerated in all tiers across Los Angeles, San Diego and San Francisco in July 2021.

Orange County housing indicators
At the end of Q2 2021, Orange County's year-to-date sales volume was 47% above a year earlier.

Current market rates
The average 30-year fixed rate mortgage rate decreased slightly in the week ending October 8, 2021 to 2.99%.

RPI Form Updates

— Form 575: Three-Day Notice to Pay Rent or Quit, with rent-related fees

— Form 575-1: Three-Day Notice to Pay Rent or Quit, without rent-related fees

— Form 575-2: Three-Day Notice to Pay Rent with rent-related fees, for properties subject to just cause eviction requirements

— Form 575-3: Three-Day Notice to Pay Rent, for properties subject to just cause eviction requirements

— NEW Form 575-4: Notice of COVID-19 Window Period Rent Assistance, for defaults on amounts from October 1st, 2021 through March 31st, 2022

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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