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Your firsttuesday real estate news
Week of December 7, 2020

Philadelphia Fed sheds light on fraught rental market
A new study sheds light on the uphill battle to keep Americans housed during the pandemic.

Apartment conversions add to rental inventory
2020's shifting property demands make apartment conversions attractive options for landlords of vacant commercial space.

Word-of-the-Week: Preliminary title reports
What's the difference between a prelim and abstract of title? Find out in one minute.

Form-of-the-Week: Setting the terms of a fixed-term or month-to-month residential tenancy
Learn how to use RPI Forms 550 and 551 to set residential tenancy terms.

FARM: Don't like your mortgage payments? Change them!
Download this FARM letter to get ahead of the 2021 refinancing boom.

San Francisco housing indicators
Year-to-date sales volume is 13% below a year earlier as of October 2020.

San Diego housing indicators
As of September 2020, San Diego year-to-date sales volume is 1% below a year earlier.

Santa Clara County regional housing indicators
As of September 2020, home sales volume is 7% below the same time last year.

Current market rates
The average 30-year fixed rate mortgage continued to decline to new lows in the week ending December 4, 2020, now at 2.71%.

Form udpates  form updates this month
 

NEW 15-Day Notice to Pay Rent with Required COVID-19 Declaration:

— Form 575: with rent-related fees, on defaults from March 1st to August 31st

— Form 575-1: without rent-related fees, on defaults from March 1st to August 31st

— Form 575-2: with rent-related fees, on defaults from September 1st through January 31st

— Form 575-3: without rent-related fees, on defaults from September 1st through January 31st

 

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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