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Your first tuesday real estate news
Week of May 4, 2020

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 udpates  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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