[Name], California's population declines, purchasing power plummets, and disclosing fire risks.  

Your firsttuesday real estate news
Week of May 23, 2022

Mounting debt is locking Millennials out of real estate
As student loan debt piles on, homeownership becomes a Sisyphean task for Millennials.

Brokerage Reminder: No place in real estate for arbitration
Unlike mediation, arbitration often results in absurd legal consequences.

Mortgage Concepts: MARS rule communication types
This video discusses communication types under the Mortgage Assistance Relief Services rule.

Look out for moving company scammers
A national report shows moving fraud claims snowballed through the height of the pandemic, nearly doubling to 8,300 complaints in 2021. Learn to spot these moving company red flags.

Disclosures on seller carryback transactions
As interest rates climb, prudent agents will familiarize themselves with the associated financial disclosures used when structuring seller carryback financing.

Recent Case Decision: San Francisco Apt Assn v. San Francisco
May a city enforce an ordinance preventing residential landlords from demanding above-market rent to gain possession when they are exempt from rent control?

Los Angeles housing indicators
2021 home sales volume in LA increased a significant 26% above a year earlier.

Orange County housing indicators
At the end of Q1 2022, OC year-to-date sales volume was a significant 18% below a year earlier.

Current market rates
The average 30-year fixed rate mortgage fell back slightly to 5.25% in the week ending May 20, 2022.

Form udpates  RPI Form Updates
 

NEW Form 575-4: Recovery of COVID-19 Rental Debt Notice, for COVID-19 collection efforts between April 1, 2022 – June 30th, 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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