Today’s volatile relationship between incomes and home prices is ripe for a correction.
Home prices run away from incomes, for now
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Buying Homes in Foreclosure
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Recent updates to the course e-book
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465
Newly published related content
Stock and interest rate movement now signal the coming recession; Monthly Statistical Update (July 2018)
Stocks begin to stumble, real estate will follow; ARM rates rise tracking the Fed rate creep; Higher FRM rates portend slowing sales volume
Press Release: Buyer purchasing power continues down
California’s Buyer Purchasing Power Index (BPPI) declined to -6.9 in June 2018.
Does issuance of a conditional use permit change a property’s occupancy?
Harrington v. City of Davis Facts: The owner of a residential property obtains a conditional use permit to use the property as a commercial space. When the permit expires, the owner reverts the property back to residential use but no certificate of occupancy is...
Redfin and Zillow test out buying homes directly
Redfin and Zillow are buying homes from sellers, offering more in the form of convenience than money.
The yield spread’s directive for home prices
The yield spread has dipped below 1% in 2018, here’s what it means for home prices.
Home prices temporarily outrun California’s flat home sales volume; Monthly Statistical Update (June 2018)
Download the Monthly Statistical Update To view, print and personalize this month’s Statistical Update for your marketing campaign, click here
Does a permissive zoning scheme constitute an express declaration of prohibited land uses?
Urgent Care Medical Services v. City of Pasadena Facts: Several medical marijuana dispensaries operate in a city. The city’s municipal code contains a permissive zoning scheme stating land uses not listed in the city’s zoning scheme are prohibited and therefore a...
Does a landlord who leases space to a health club operator need to ensure maintenance of an Automated External Defibrillator (AED) on the premises?
Day v. Lupo Vine Street, L.P. Facts: A commercial landlord leases space to a tenant operating a health club. The tenant does not maintain an AED on the premises. A client of the health club suffers a fatal cardiac arrest while exercising on the premises. Claim: The...
