[Name], forbearance exits, the Great Resignation and the home inspection report.  

Your firsttuesday real estate news
Week of November 22, 2021

Downtown L.A. leads the nation as top neighborhood for multi-family units
Millennials and Gen Z can't cover the cost of renting without roommates.

Ex-Californians seek out lower costs of living
Californians are moving out, but where in the U.S. are they moving in?

Mortgage Concepts: Issuing a risk-based pricing notice
This Mortgage Concepts video outlines the circumstances that require a risk-based pricing notice.

The labor force participation rate rebounds slowly
Having steadily declined since 2009, the labor force participation rate plunged in 2020.

Current market rates
The average 30-year fixed rate mortgage increased to 3.10% in the week ending November 12, 2021. The average 15-year FRM increased to 2.39%.

Trending: California’s mortgage fraud risk rises in 2021
Mortgage applications with indications of fraud are up 39% from a year earlier.

Form udpates  RPI Form Updates
 

— Form 575-1: Three-Day Notice to Pay Rent or Quit, without rent-related fees

— Form 575-2: Three-Day Notice to Pay Rent with rent-related fees, for properties subject to just cause eviction requirements

— Form 575-3: Three-Day Notice to Pay Rent, for properties subject to just cause eviction requirements

— Form 575-4: Notice of COVID-19 Window Period Rent Assistance, for defaults on amounts from October 1st, 2021 through March 31st, 2022

 

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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