Monthly Statistical Update: September 2023 Today's market includes low buyer purchasing power, consumers saving for a rainy day and a yield spread pointing towards a late-2023 recession.
California home sales volume: July 2023 sales continue the slide Year-to-date sales volume continued its downward trend and is now a fee-killing 28% below 2022 and 27% below 2019.
Due-on-Lease Trust Deed Provision This video covers triggering the due-on clause when entering into a lease with a term over three years, or a lease for any term coupled with an option to buy.
No one wants to sell — does that mean the renovation revolution is here? Would-be renovators are finding themselves wedged between a rock and several hard places.
DRE Hot Seat: Failure to report felonies and website advertisement blunders How a broker who failed to report felony charges and more got reprimanded.
Form-of-the-Week: The option to buy and its variations A leasing or sales agent uses RPI Forms 161, 161-1 and 161-2 when arranging an option to purchase property.
Recent Case Decision: Joaquín Torres v. San Francisco Assessment Appeals Board No. 1 Is the owner of a property used for sporting events entitled to an exclusion from assessed value an allocation for future functional obsolescence?
Legislative Gossip: September 2023 Recent legislation significant to California's housing market includes changes to revocable transfer on death deeds, just cause eviction and rent cap rules and accessory dwelling unit (ADU) occupancy requirements.
California tiered home pricing Despite a brief seasonal uptick in California home prices, home prices range from 3% below the May 2022 peak in the low tier to 6% below the peak in the mid and high tiers as of June 2023.
Rentals: the future of California real estate? California's rental vacancy rate remains below healthy levels, at 4.3% in 2023, continuing the low vacancy rates of the past decade.
Trending mortgage rates The average 30-year FRM rate decreased slightly to 7.18% in the week ending September 1, 2023. The average 15-year FRM rate remained level at 6.55%.
Real Estate Crossword Test your real estate fundamentals with the weekly firsttuesday Real Estate Crossword Puzzle. This week's topic is Property Ownership.
RPI Form Updates
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RPI Form Updates