Reader, the undeclared recession and rising lender interference
Week of August 21, 2023

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Mortgage Concepts: Lender ECOA disclosures of action taken, Part 2
Part 2 of this video covers ECOA-mandated disclosures advising the borrower of the action the lender has taken on the borrower's mortgage application.

Tech Corner: Landlords attract tenants and garner income by renting household items

Tech Corner: Landlords attract tenants and garner income by renting household items
Apartment landlords are cashing in on reduced storage space by partnering with companies who rent household goods to tenants.

An evaluation of streamlined housing production under SB 35 after five years

An evaluation of streamlined housing production under SB 35 after five years
Senate Bill 35 was introduced in 2018 to help boost low-income housing inventory. As an extension of the bill makes its rounds, now is a good time to review its track record.

Form-of-the-Week: Termination of Lease & Surrender Agreement and Notice of Temporary Displacement — Forms 587 and 588

Form-of-the-Week: Termination of Lease & Surrender Agreement and Notice of Temporary Displacement
A landlord uses RPI Form 587 to mutually terminate a lease agreement and RPI Form 588 to temporarily require the tenant to vacate for repairs.

May a landlord maintain an unlawful detainer (UD) action against a month-to-month tenant who remains in possession following expiration of a notice of intent to vacate when the unit is subject to a rent control ordinance?

Recent Case Decision: Roxbury Lane LP v. Benjamin Harris
May a landlord maintain an unlawful detainer (UD) action against a month-to-month tenant who remains in possession following expiration of a notice of intent to vacate when the unit is subject to a rent control ordinance?

San Francisco housing indicators

San Francisco housing indicators
As of May 2023, home sales volume in San Francisco is a whopping 36% below a year earlier and 40% below 2019 — and falling.

Santa Clara County regional housing indicators

Santa Clara County housing indicators
Home sales volume in Santa Clara County is 36% below 2022 and a devastating 42% below 2019, the last normal year for sales volume.

Trending mortgage rates

Trending mortgage rates
The average 30-year FRM rate reached a new cyclical high of 7.09% in the week ending August 18, 2023. The average 15-year FRM rate climbed to 6.46%.

Real Estate Crossword

Real Estate Crossword
Test your real estate fundamentals with the weekly firsttuesday Real Estate Crossword Puzzle! This week's challenge: Agency.

Form udpates  RPI Form Updates
 

— No RPI Form updates this week.

 

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