Real Estate | firsttuesday Journal

Sales volume trends, from a weak year; Monthly Statistical Update (December 2023)

by ft Editorial Staff | Nov 30, 2023 | Charts, Feature Articles, Market Watch, Monthly Statistical Update, Real Estate, Video | 0

Sales volume after 2023’s puny seasonal bounce; Sales volume is weakening, but a recovery lurks; MLS inventory flatlines, buyers and sellers wait

Governor appoints new DRE Commissioner

by Carrie B. Reyes | Nov 29, 2023 | Real Estate, Your Practice | 0

Chika Sunquist will step into the Commissioner role at the start of 2024.

New security deposit limitations for California’s residential landlords

by Carrie B. Reyes | Nov 29, 2023 | New Laws, Property Management, Real Estate | 0

Security deposit rules are tightening for California residential landlords in 2024.

May an agency remove an encroachment on a public road to restore parking without first completing an environmental impact report (EIR)?

by David Swistock | Nov 27, 2023 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

Anderson v. County of Santa Barbara

A consumer mortgage becomes a Section 32

by Carrie B. Reyes | Nov 27, 2023 | Finance, Interest Rates, Loan Products, Mortgages, Real Estate | 0

A consumer-purpose mortgage origination secured by the borrower’s primary residence earns a Section 32 designation based on a three-step set of APR tests.

Federal multi-family building incentives for California builders

by Carrie B. Reyes | Nov 27, 2023 | Commercial, New Laws, Property Management, Real Estate | 0

The Inflation Reduction Act (IRA) adds several incentives for builders and multi-family property owners making energy efficient improvements.

Condition of Premises Addendum

by ft Editorial Staff | Nov 24, 2023 | Feature Articles, Real Estate, Video | 0

Covers: Use of the condition of premises addendum to avoid disputes over who is responsible for any damage to a rented premises; Completion of the condition of furnishings addendum on a property walk-through; Pre-expiration inspection of the property and furnishings.

Form-of-the-Week: 48-hour Notice of Intent to Enter Dwelling, and Statement of Deficiencies on Joint Pre-Expiration Inspection — Forms 567-2 and 567-3

by David Swistock | Nov 24, 2023 | Forms, Property Management, Real Estate | 0

A landlord or property manager uses RPI Forms 567-2 and 567-3 to notify the tenant of the hour and date of a pre-expiration inspection, and provide the tenant an itemized list of repairs and cleaning the tenant needs to remedy or eliminate to avoid a deduction of costs from the security deposit