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Your firsttuesday real estate news
Week of March 01, 2021

LA County’s inclusionary housing ordinance is a step forward in the fight against California’s housing shortage
Los Angeles County's recent inclusionary housing ordinance shows local government is serious about combating the housing shortage.

Legislative Gossip: March 2021
Lawmakers introduced bills on parking requirement restrictions, protections against appraiser bias and accessory dwelling units.

Word-of-the-Week: Trust accounts
You can trust firsttuesday to give you the lowdown on trust accounts – in just two minutes.

The Federal Reserve’s impact on mortgage rates
Learn how the Fed uses their benchmark rate as a monetary policy tool to induce and restrain borrowing.

Letter to the editor: Which real estate forms are required to complete a home sale?
There are several forms published by the trade union that are superfluous, and not required to be used.

Recent Case Decision: In re Brace
Does the acquisition date determine whether properties held in joint tenancy by a married couple constitute community property?

Recent Case Decision: In re Marriage of Wozniak
Can a deed one spouse offers to the other spouse to convey community property to the other spouse as sole owner who rejects it but later records the deed be effective as a transmutation of ownership?

California tiered home pricing
Home prices continued to rise in most tiers across Los Angeles, San Diego and San Francisco during December 2020.

Current market rates
The average 30-year fixed rate mortgage increased again in the week ending February 26, 2021, to 2.97%.

Form udpates  form updates this month
 

— Form 202: Uniform Residential Loan Application (FNMA 1003)

— Form 575-2: 15-Day Notice to Pay Rent with rent-related fees, on defaults from September 1st, 2020 through June 30th, 2021

— Form 575-3: 15-Day Notice to Pay Rent without rent-related fees, on defaults from September 1st, 2020 through June 30th, 2021

 

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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