[Name], interest rates, virtual brokerages and escrow basics.  

Your first tuesday real estate news
Week of April 06, 2020

Brokerage Reminder: The know-how to disclose
The lowdown on delivering timely property disclosures to a buyer.

Governor Newsom appoints new DRE Commissioner
Governor Gavin Newsom has appointed a new California Real Estate Commissioner: Doug McCauley.

California home sales volume lays low
28,500 new and resale home transactions closed escrow in California during February 2020.

California tiered home pricing
Home price trends were mixed in California’s major metros during January 2020.

California underwater homeowner numbers to increase
The share of mortgaged homes with negative equity in California fell to 2.0% in Q4 2019.

Current market rates
The average 30-year fixed rate mortgage decreased to 3.33% in the week ending April 3, 2020.

Form udpates  form updates this month
 

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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