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Your first tuesday real estate news
Week of December 9, 2019

California bans home insurance non-renewals in wildfire areas
A new rule preserves homeowners’ insurance policies in areas affected by the 2019 wildfires.

Recent Case Decision: Crooks v. Housing Authority of the City of Los Angeles
May a tenant’s Section 8 housing benefits be terminated when the tenant misreports their marital status?

Los Angeles housing indicators
LA needs to accommodate population growth over the past ten years of 5% to reach a full jobs recovery.

Riverside housing indicators
Local sales agents can expect sales volume to slow and prices to decline going into 2020.

Using the yield spread to forecast recessions and recoveries
The yield spread tipped back into positive territory in November 2019 when it averaged +0.27 points.

Current market rates
The average 30-year fixed rate mortgage remained roughly level at 3.66% in the week ending December 6, 2019.

Form udpates  form updates this month

No form updates this month.


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