The consumer price index is a useful tool for real estate agents – if you know how to use it.
Today’s consumer price index change: tomorrow’s residential rents
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California Mortgage Lending
Learn the core concepts of consumer and business mortgage lending and brokering.
Stay current on the latest news, videos, forms, and updates for California Mortgage Lending.
Recent updates to the course e-book
- Chapter 3: The Agency Law Disclosure. The updated statutory Agency Law Disclosure and confirmation provision went into effect the beginning of 2019. Both the content of the form and when it is to be used have been modified. Further, prior printings indicate the Agency Law Disclosure is not required on a lease with a term exceeding one year. However, lease transactions greater than one year are targeted transactions requiring the disclosure. For a thorough analysis of the new disclosure and confirmation practices, see the digital eBook version of the book.
- Chapter 72: Home mortgage interest deductions. The definition for principal residence on page 472 is partially obscured. It should read “The residential property where the homeowner resides a majority of the year.”
- Quiz 3 Question 3 has been simplified to read:
California anti-discrimination law is enforced by:
a. the Department of Business Oversight (DBO).
b. the Department of Fair Employment and Housing.
c. the Department of Housing and Urban Development (HUD).
d. Fannie Mae.
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
A case for the ARM in 2019
ARMs can be a dangerous choice for homebuyers with little investment experience. But rising FRM rates and the prospect of future rate movement make ARMs an attractive option in 2019.
CalVet program eclipsed by VA-guaranteed mortgages
Does the CalVet program provide a good value for veterans?
Recession imminent; Monthly Statistical Update (January 2019)
Buyer purchasing power reins in buyers, for now; Stocks past their peak; Yield spread indicates recession is in view
Press release: negative Buyer Purchasing Power Index continues in Q4 2018
The BPPI was -7.97 in Q4 2018, indicating buyers were only able to borrow 7.97% less than a year earlier due to rising interest rates.
Timing the market in 2019; Monthly Statistical Update (December 2018)
Home prices hit their peak in Q3; Falling yield spread signals next recession; Today’s sell phase near its end
Price-to-rent ratio soars in California
Costs are rising more quickly for homebuyers than renters in 2018.
First-time homebuyer uncertainty hinders construction, home sales; Monthly Statistical Update (November 2018)
Home sales volume to end year below 2017; Construction rises — too slowly; First-time homebuyers waiting in the wings
California’s Homeowner Bill of Rights is back
Foreclosure protections that expired earlier in 2018 are back.