Home prices falter across the metropolitan areas of California at the end of 2024.
California tiered home pricing
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Forming Real Estate Syndicates
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Jobs move real estate
Track the single most influential factor on California’s real estate market: the number of people employed.
SoCal commercial vacancy rates moving on up in Q4 2024
Commercial vacancy rates rose after 2023 and continue to rise in Southern California. While increasing vacancies cut into rental income and leasing fees, the absorption rate is worsening and shifting the source of leasing fees. Regions with the highest vacancy rates see the most occupancy of vacant space.
Form-of-the-Week: Purchase Agreement — For Other than One-to-Four Residential Units — Form 151
A buyer broker uses RPI Form 151 when preparing an offer to purchase income-producing real estate, excluding one-to-four unit residential property.
SoCal commercial property struggles linger on in Q3 2024
In each quarter in 2024, all SoCal markets experienced increasing vacancies.
SoCal commercial vacancy rates continue to rise in Q1 2024
Southern California’s commercial market softened even further in the first quarter of 2024.
SoCal commercial vacancy rates continue to rise in Q4 2023
Southern California’s commercial market softened even further in the fourth quarter of 2023.
Form-of-the-Week: Purchase Agreement for Note and Trust Deed, and Agreement to Hypothecate — Forms 241 and 242
A trust deed loan broker uses these forms when arranging the purchase by a trust deed investor of an existing trust deed note held out for sale to prepare an offer stating the price and conditions for purchase of the trust deed note, and when arranging a loan made by a trust deed investor collateralized by an existing trust deed note held by the borrower to prepare an offer by the investor for the borrower’s acceptance stating the terms and conditions for making the collateralized loan.
Agents pivot as the economy teeters on the edge of recession; Monthly Statistical Update (January 2024)
California job additions continue; Job growth contracts; The yield spread forecasts the next recession.
Errata & Updates
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