Subject: Thuy, the coming recession, arbitration law proposal and wildfire risk. (1)
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From:"first tuesday" <[email protected]>
To: "Thuy" <tkd85@[FILTERED]> 
Subject: Thuy, the coming recession, arbitration law proposal and wildfire risk.   
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Date: Tue, 24 Sep 2019 18:29:06 -0700
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DIV style=3D"WIDTH: 650px; BACKGROUND-COLOR: rgb(255,255,255)"><SPAN =
style=3D"FONT-SIZE: 12px; FONT-FAMILY: Verdana; BACKGROUND: =
none transparent scroll repeat 0% 0%; COLOR: rgb(156,156,148); =
LINE-HEIGHT: 20px">Thuy, the coming recession, arbitration law =
proposal and wildfire risk.</SPAN><SPAN style=3D"BACKGROUND: =
none transparent scroll repeat 0% 0%; LINE-HEIGHT: 20px">&nbsp;</SPAN>=
&nbsp;</DIV></TD></TR></TABLE></TD></TR></TABLE></TD></TR></TABLE></DI=
V>=0D=0A<DIV class=3Dgm-element><IMG title=3DBoo! style=3D"MAX-WIDTH: =
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rgb(0,0,0) 0px; DISPLAY: block !important" src=3D"https://journal.firs=
ttuesday.us/wp-content/uploads/Newsletter-Header-0923.png" width=3D650=
></DIV>=0D=0A<DIV class=3Dgm-element style=3D"BACKGROUND-COLOR: =
#fc8902">=0D=0A<TABLE class=3Dgm-element-pad style=3D cellSpacing=3D0 =
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style=3D"FONT-SIZE: 16px; COLOR: rgb(115,165,173); TEXT-ALIGN: =
center"><STRONG><SPAN style=3D"FONT-SIZE: 20px; FONT-FAMILY: =
'Trebuchet MS'; COLOR: rgb(255,255,255)">Your first tuesday&nbsp;real =
estate news</SPAN></STRONG><BR><SPAN style=3D"FONT-SIZE: 18px; =
FONT-FAMILY: 'Trebuchet MS'; COLOR: #ffffff">Week of September =
23, 2019</SPAN></P></TD></TR></TABLE></DIV>=0D=0A<DIV class=3Dgm-eleme=
nt style=3D"POSITION: relative; BACKGROUND-COLOR: rgb(255,255,255)">=0D=
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=0A=0D=0A<TR>=0D=0A<TD class=3Dcolumn style=3D"VERTICAL-ALIGN: =
top; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; =
PADDING-RIGHT: 0px">=0D=0A<TABLE class=3Dcontents style=3D"WIDTH: =
100%; BORDER-COLLAPSE: collapse; BORDER-SPACING: 0">=0D=0A=0D=0A<TR>=0D=
=0A<TD style=3D"HEIGHT: 10px; TEXT-ALIGN: left" width=3D"70%"><SPAN =
class=3Dauto-style6 style=3D"FONT-SIZE: 16px; FONT-FAMILY: sans-serif;=
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M: 5px; PADDING-TOP: 5px; PADDING-LEFT: 10px; MARGIN: 0px; PADDING-RIG=
HT: 10px">&nbsp;<STRONG>Features</STRONG></SPAN></TD>=0D=0A<TD =
style=3D"HEIGHT: 10px; TEXT-ALIGN: right" width=3D"30%"><SPAN =
class=3Dauto-style6 style=3D"FONT-SIZE: 16px; FONT-FAMILY: sans-serif;=
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M: 5px; PADDING-TOP: 5px; PADDING-LEFT: 10px; MARGIN: 0px; PADDING-RIG=
HT: 10px"><A style=3D"TEXT-DECORATION: none; COLOR: white !important" =
href=3D"https://journal.firsttuesday.us/Newsletters/2019/092319-Weekly=
=2Ehtml"><STRONG>View in browser</STRONG></A></SPAN></TD></TR></TABLE>=
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1px; WIDTH: 1px; VERTICAL-ALIGN: top; PADDING-BOTTOM: 0px; PADDING-TOP=
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BACKGROUND-COLOR: #e9e9e9">&nbsp;</TD></TR></TABLE><!--Full =
Row-->=0D=0A<TABLE style=3D"BACKGROUND-COLOR: rgb(255,255,255)" =
cellSpacing=3D0 cellPadding=3D0 width=3D"100%" border=3D0>=0D=0A=0D=0A=
<TR>=0D=0A<TD class=3Drowpadding style=3D"PADDING-BOTTOM: 15px; =
PADDING-TOP: 15px; PADDING-LEFT: 20px; PADDING-RIGHT: 0px; BACKGROUND-=
COLOR: rgb(255,255,255)">=0D=0A<TABLE class=3Dmob_full_width =
style=3D"BACKGROUND-COLOR: rgb(255,255,255)" cellSpacing=3D0 =
cellPadding=3D0 width=3D610 border=3D0>=0D=0A=0D=0A<TR>=0D=0A<TD =
style=3D"BACKGROUND-COLOR: rgb(255,255,255)" vAlign=3Dtop>=0D=0A<TABLE=
 class=3Dmob_full_width style=3D"BACKGROUND-COLOR: rgb(255,255,255)" =
cellSpacing=3D0 cellPadding=3D0 width=3D208 align=3Dleft border=3D0>=0D=
=0A=0D=0A<TR>=0D=0A<TD class=3Ditempadding style=3D"BACKGROUND-COLOR: =
rgb(255,255,255)"><A style=3D"TEXT-DECORATION: none" href=3D"https://j=
ournal.firsttuesday.us/california-housing-markets-at-highest-risk-of-a=
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data-view=3D"hyperlinksOptions" data-type=3D"link" data-sub-view=3D"op=
tionUrl">=0D=0A<TABLE class=3Dmob_full_width style=3D"BACKGROUND-COLOR=
: rgb(255,255,255)" cellSpacing=3D0 cellPadding=3D0 width=3D193 =
border=3D0>=0D=0A=0D=0A<TR>=0D=0A<TD style=3D"TEXT-ALIGN: left; =
BACKGROUND-COLOR: rgb(255,255,255)"><IMG style=3D"FONT-SIZE: =
16px; MAX-WIDTH: 100% !important; BORDER-TOP: rgb(0,0,0) 0px; =
BORDER-RIGHT: rgb(0,0,0) 0px; WIDTH: 100%; BORDER-BOTTOM: rgb(0,0,0) =
0px; BORDER-LEFT: rgb(0,0,0) 0px; DISPLAY: block !important" =
alt=3D" " src=3D"https://journal.firsttuesday.us/wp-content/uploads/Ae=
rial-view-suburb-neighborhood-e1537203431119-250x150.jpg" width=3D193>=
</TD></TR>=0D=0A<TR>=0D=0A<TD style=3D"BACKGROUND-COLOR: rgb(255,255,2=
55)" height=3D20></TD></TR>=0D=0A<TR>=0D=0A<TD class=3D"blokpadding =
mob_text" style=3D"BACKGROUND-COLOR: rgb(255,255,255)">=0D=0A<P><STRON=
G style=3D"FONT-SIZE: 16px; FONT-FAMILY: Verdana; COLOR: #6f2372">Cali=
fornia housing markets at highest risk of a downturn</STRONG><BR><SPAN=
 style=3D"FONT-FAMILY: Verdana; COLOR: rgb(66,66,66)">How will =
housing be affected with the next economic decline?</SPAN></P></TD></T=
R></TABLE></A></TD></TR></TABLE>=0D=0A<DIV></DIV>=0D=0A<TABLE =
class=3Dmob_full_width style=3D"BACKGROUND-COLOR: rgb(255,255,255)" =
cellSpacing=3D0 cellPadding=3D0 width=3D193 align=3Dleft border=3D0>=0D=
=0A=0D=0A<TR>=0D=0A<TD class=3Ditempadding style=3D"BACKGROUND-COLOR: =
rgb(255,255,255)"><A style=3D"TEXT-DECORATION: none" href=3D"https://j=
ournal.firsttuesday.us/when-do-you-think-the-next-recession-will-occur=
/42278/?utm_source=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=
=3D092319&amp;utm_campaign=3Dsiprior" target=3D_blank data-view=3D"hyp=
erlinksOptions" data-type=3D"link" data-sub-view=3D"optionUrl">=0D=0A<=
TABLE class=3Dmob_full_width style=3D"BACKGROUND-COLOR: rgb(255,255,25=
5)" cellSpacing=3D0 cellPadding=3D0 width=3D193 border=3D0>=0D=0A=0D=0A=
<TR>=0D=0A<TD style=3D"TEXT-ALIGN: left; BACKGROUND-COLOR: rgb(255,255=
,255)"><A style=3D"TEXT-DECORATION: none" href=3D"https://journal.firs=
ttuesday.us/change-the-law-require-arbitrators-to-report-real-estate-l=
aw-violations-by-licensees/69264/?utm_source=3Dnewsletter&amp;utm_medi=
um=3Demail&amp;utm_content=3D092319&amp;utm_campaign=3Dsiprior" =
target=3D_blank data-view=3D"hyperlinksOptions" data-type=3D"link" =
data-sub-view=3D"optionUrl"><IMG style=3D"FONT-SIZE: 16px; MAX-WIDTH: =
100% !important; BORDER-TOP: rgb(0,0,0) 0px; BORDER-RIGHT: rgb(0,0,0) =
0px; WIDTH: 100%; BORDER-BOTTOM: rgb(0,0,0) 0px; BORDER-LEFT: =
rgb(0,0,0) 0px; DISPLAY: block !important" alt=3D" " src=3D"https://jo=
urnal.firsttuesday.us/wp-content/uploads/fingerprintsmagnifyingglass-2=
50x150.jpg" width=3D193></A></TD></TR>=0D=0A<TR>=0D=0A<TD style=3D"BAC=
KGROUND-COLOR: rgb(255,255,255)" height=3D20></TD></TR>=0D=0A<TR>=0D=0A=
<TD class=3D"blokpadding mob_text" style=3D"BACKGROUND-COLOR: =
rgb(255,255,255)"><A style=3D"TEXT-DECORATION: none" href=3D"https://j=
ournal.firsttuesday.us/change-the-law-require-arbitrators-to-report-re=
al-estate-law-violations-by-licensees/69264/?utm_source=3Dnewsletter&a=
mp;utm_medium=3Demail&amp;utm_content=3D092319&amp;utm_campaign=3Dsipr=
ior" target=3D_blank data-view=3D"hyperlinksOptions" data-type=3D"link=
" data-sub-view=3D"optionUrl">=0D=0A<P><STRONG style=3D"FONT-SIZE: =
16px; FONT-FAMILY: Verdana; COLOR: #6f2372">Change the law: =
Require arbitrators to report real estate law violations by =
licensees</STRONG><BR><SPAN style=3D"FONT-FAMILY: Verdana; COLOR: =
rgb(66,66,66)"><STRONG>first tuesday</STRONG> proposes arbitrators =
be required to report real estate law violations to the DRE.</SPAN></P=
></A></TD></TR></TABLE></A></TD></TR></TABLE>=0D=0A<DIV></DIV>=0D=0A<T=
ABLE class=3Dmob_full_width style=3D"BACKGROUND-COLOR: rgb(255,255,255=
)" cellSpacing=3D0 cellPadding=3D0 width=3D193 align=3Dright =
border=3D0>=0D=0A=0D=0A<TR>=0D=0A<TD class=3Ditempadding style=3D"BACK=
GROUND-COLOR: rgb(255,255,255)"><A style=3D"TEXT-DECORATION: =
none" href=3D"https://journal.firsttuesday.us/change-the-law-require-a=
rbitrators-to-report-real-estate-law-violations-by-licensees/69264/?ut=
m_source=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=3D092319&=
amp;utm_campaign=3Dsiprior" target=3D_blank data-view=3D"hyperlinksOpt=
ions" data-type=3D"link" data-sub-view=3D"optionUrl">=0D=0A<TABLE =
class=3Dmob_full_width style=3D"BACKGROUND-COLOR: rgb(255,255,255)" =
cellSpacing=3D0 cellPadding=3D0 width=3D193 border=3D0>=0D=0A=0D=0A<TR=
>=0D=0A<TD style=3D"TEXT-ALIGN: left; BACKGROUND-COLOR: rgb(255,255,25=
5)"><A style=3D"TEXT-DECORATION: none" href=3D"https://journal.firsttu=
esday.us/half-a-million-california-homes-at-high-wildfire-risk/69269/?=
utm_source=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=3D09231=
9&amp;utm_campaign=3Dsiprior" target=3D_blank data-view=3D"hyperlinksO=
ptions" data-type=3D"link" data-sub-view=3D"optionUrl"><IMG =
style=3D"FONT-SIZE: 16px; MAX-WIDTH: 100% !important; BORDER-TOP: =
rgb(0,0,0) 0px; BORDER-RIGHT: rgb(0,0,0) 0px; WIDTH: 100%; BORDER-BOTT=
OM: rgb(0,0,0) 0px; BORDER-LEFT: rgb(0,0,0) 0px; DISPLAY: block =
!important" alt=3D" " src=3D"https://journal.firsttuesday.us/wp-conten=
t/uploads/1258-Lago-Vista-Dr-011-e1465844598692-250x150.jpg" =
width=3D193></A></TD></TR>=0D=0A<TR>=0D=0A<TD style=3D"BACKGROUND-COLO=
R: rgb(255,255,255)" height=3D20></TD></TR>=0D=0A<TR>=0D=0A<TD =
class=3D"blokpadding mob_text" style=3D"BACKGROUND-COLOR: rgb(255,255,=
255)"><A style=3D"TEXT-DECORATION: none" href=3D"https://journal.first=
tuesday.us/half-a-million-california-homes-at-high-wildfire-risk/69269=
/?utm_source=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=3D092=
319&amp;utm_campaign=3Dsiprior" target=3D_blank data-view=3D"hyperlink=
sOptions" data-type=3D"link" data-sub-view=3D"optionUrl">=0D=0A<P><STR=
ONG style=3D"FONT-SIZE: 16px; FONT-FAMILY: Verdana; COLOR: #6f2372">Ha=
lf a million California homes at high wildfire risk</STRONG><BR><SPAN =
style=3D"FONT-FAMILY: Verdana; COLOR: rgb(66,66,66)">Costly =
and dangerous wildfires are quickly becoming the norm here in =
California.</SPAN></P></A></TD></TR></TABLE></A></TD></TR></TABLE></TD=
></TR></TABLE></TD></TR></TABLE><!--Full Row End-->=0D=0A<DIV><!-- =
3 box END --></DIV>=0D=0A<TABLE class=3Dcentered style=3D"BORDER-COLLA=
PSE: collapse; MARGIN-LEFT: auto; BORDER-SPACING: 0; MARGIN-RIGHT: =
auto">=0D=0A=0D=0A<TR>=0D=0A<TD style=3D"VERTICAL-ALIGN: top; =
PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; PADDING-RIGH=
T: 0px">=0D=0A<TABLE class=3Dauto-style2 style=3D"FONT-SIZE: =
14px; WIDTH: 660px; BORDER-COLLAPSE: collapse; BORDER-SPACING: =
0; BACKGROUND-COLOR: #6f2372; MARGIN-RIGHT: auto" bgColor=3D#6f2372>=0D=
=0A=0D=0A<TR>=0D=0A<TD class=3Dcolumn style=3D"VERTICAL-ALIGN: =
top; PADDING-BOTTOM: 0px; TEXT-ALIGN: left; PADDING-TOP: 0px; =
PADDING-LEFT: 0px; PADDING-RIGHT: 0px">=0D=0A<TABLE class=3Dcontents =
style=3D"WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-SPACING: =
0">=0D=0A=0D=0A<TR>=0D=0A<TD style=3D"HEIGHT: 10px"><SPAN class=3Dauto=
-style6 style=3D"FONT-SIZE: 16px; FONT-FAMILY: sans-serif; TEXT-TRANSF=
ORM: uppercase; FLOAT: left; COLOR: #ffffff; PADDING-BOTTOM: =
5px; PADDING-TOP: 5px; PADDING-LEFT: 10px; MARGIN: 0px; PADDING-RIGHT:=
 10px; BACKGROUND-COLOR: #6f2372"><IMG style=3D"BORDER-LEFT-WIDTH: =
0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; -MS-INTERPOLAT=
ION-MODE: bicubic; BORDER-TOP-WIDTH: 0px" alt=3DPoll src=3D"https://jo=
urnal.firsttuesday.us/wp-content/uploads/Journal-NL-Poll-small.png">&n=
bsp; <STRONG>Vote on it</STRONG></SPAN></TD></TR></TABLE></TD></TR></T=
ABLE></TD>=0D=0A<TD class=3Dborder style=3D"FONT-SIZE: 1px; =
WIDTH: 1px; VERTICAL-ALIGN: top; PADDING-BOTTOM: 0px; PADDING-TOP: =
0px; PADDING-LEFT: 0px; LINE-HEIGHT: 1px; PADDING-RIGHT: 0px; =
BACKGROUND-COLOR: #e9e9e9">&nbsp;</TD></TR></TABLE>=0D=0A<TABLE =
class=3Dcentered style=3D"BORDER-COLLAPSE: collapse; MARGIN-LEFT: =
auto; BORDER-SPACING: 0; MARGIN-RIGHT: auto">=0D=0A=0D=0A<TR>=0D=0A<TD=
 style=3D"VERTICAL-ALIGN: top; PADDING-BOTTOM: 0px; PADDING-TOP: =
0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px">=0D=0A<TABLE class=3Dauto-=
style2 style=3D"FONT-SIZE: 14px; WIDTH: 660px; BORDER-COLLAPSE: =
collapse; BORDER-SPACING: 0; BACKGROUND-COLOR: #fc8902; MARGIN-RIGHT: =
auto" bgColor=3D#999999>=0D=0A=0D=0A<TR>=0D=0A<TD class=3Dcolumn =
style=3D"VERTICAL-ALIGN: top; PADDING-BOTTOM: 0px; TEXT-ALIGN: =
left; PADDING-TOP: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px">=0D=0A<=
TABLE class=3Dcontents style=3D"WIDTH: 100%; BORDER-COLLAPSE: =
collapse; BORDER-SPACING: 0">=0D=0A=0D=0A<TR>=0D=0A<TD class=3Dpadded =
style=3D"VERTICAL-ALIGN: top; PADDING-BOTTOM: 0px; PADDING-TOP: =
0px; PADDING-LEFT: 10px; PADDING-RIGHT: 10px">=0D=0A<H3 style=3D"MARGI=
N-BOTTOM: 10px; FONT-SIZE: 20px; FONT-FAMILY: sans-serif; COLOR: =
#ffffff; TEXT-ALIGN: left; MARGIN-TOP: 10px; LINE-HEIGHT: 20px"><A =
style=3D"COLOR: #ffffff" href=3D"https://journal.firsttuesday.us/poll-=
what-impact-will-tightening-immigration-restrictions-have-on-californi=
as-housing-market/69273/?utm_source=3Dnewsletter&amp;utm_medium=3Demai=
l&amp;utm_content=3D092319&amp;utm_campaign=3Dsiprior">What =
impact will tightening immigration restrictions have on California's =
housing market?</A></H3></TD></TR></TABLE></TD></TR></TABLE></TD>=0D=0A=
<TD class=3Dborder style=3D"FONT-SIZE: 1px; WIDTH: 1px; VERTICAL-ALIGN=
: top; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: =
0px; LINE-HEIGHT: 1px; PADDING-RIGHT: 0px; BACKGROUND-COLOR: =
#e9e9e9">&nbsp;</TD></TR></TABLE></DIV><!-- Row START -->=0D=0A<TABLE =
style=3D"BACKGROUND-COLOR: rgb(255,255,255)" cellSpacing=3D0 =
cellPadding=3D0 width=3D"100%" border=3D0>=0D=0A=0D=0A<TR>=0D=0A<TD =
class=3Drowpadding style=3D"PADDING-BOTTOM: 15px; PADDING-TOP: =
15px; PADDING-LEFT: 20px; PADDING-RIGHT: 0px; BACKGROUND-COLOR: =
rgb(255,255,255)">=0D=0A<TABLE class=3Dmob_full_width style=3D"BACKGRO=
UND-COLOR: rgb(255,255,255)" cellSpacing=3D0 cellPadding=3D0 =
width=3D610 border=3D0>=0D=0A=0D=0A<TR>=0D=0A<TD style=3D"BACKGROUND-C=
OLOR: rgb(255,255,255)" vAlign=3Dtop>=0D=0A<TABLE class=3Dmob_full_wid=
th style=3D"BACKGROUND-COLOR: rgb(255,255,255)" cellSpacing=3D0 =
cellPadding=3D0 width=3D208 align=3Dleft border=3D0>=0D=0A=0D=0A<TR>=0D=
=0A<TD class=3Ditempadding style=3D"BACKGROUND-COLOR: rgb(255,255,255)=
"><A style=3D"TEXT-DECORATION: none" href=3D"https://journal.firsttues=
day.us/half-a-million-california-homes-at-high-wildfire-risk/69269/?ut=
m_source=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=3D092319&=
amp;utm_campaign=3Dsiprior" target=3D_blank data-view=3D"hyperlinksOpt=
ions" data-type=3D"link" data-sub-view=3D"optionUrl">=0D=0A<TABLE =
class=3Dmob_full_width style=3D"BACKGROUND-COLOR: rgb(255,255,255)" =
cellSpacing=3D0 cellPadding=3D0 width=3D193 border=3D0>=0D=0A=0D=0A<TR=
>=0D=0A<TD style=3D"TEXT-ALIGN: left; BACKGROUND-COLOR: rgb(255,255,25=
5)"><A style=3D"TEXT-DECORATION: none" href=3D"https://journal.firsttu=
esday.us/home-sales-volume-and-price-peaks/692/?utm_source=3Dnewslette=
r&amp;utm_medium=3Demail&amp;utm_content=3D092319&amp;utm_campaign=3Ds=
iprior" target=3D_blank data-view=3D"hyperlinksOptions" data-type=3D"l=
ink" data-sub-view=3D"optionUrl"><IMG style=3D"FONT-SIZE: 16px; =
MAX-WIDTH: 100% !important; BORDER-TOP: rgb(0,0,0) 0px; BORDER-RIGHT: =
rgb(0,0,0) 0px; WIDTH: 100%; BORDER-BOTTOM: rgb(0,0,0) 0px; =
BORDER-LEFT: rgb(0,0,0) 0px; DISPLAY: block !important" alt=3D" =
" src=3D"https://journal.firsttuesday.us/wp-content/uploads/CA-Sales-H=
ome-Volume-250x150.png" width=3D193></A></TD></TR>=0D=0A<TR>=0D=0A<TD =
style=3D"BACKGROUND-COLOR: rgb(255,255,255)" height=3D20></TD></TR>=0D=
=0A<TR>=0D=0A<TD class=3D"blokpadding mob_text" style=3D"BACKGROUND-CO=
LOR: rgb(255,255,255)"><A style=3D"TEXT-DECORATION: none" href=3D"http=
s://journal.firsttuesday.us/home-sales-volume-and-price-peaks/692/?utm=
_source=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=3D092319&a=
mp;utm_campaign=3Dsiprior" target=3D_blank data-view=3D"hyperlinksOpti=
ons" data-type=3D"link" data-sub-view=3D"optionUrl">=0D=0A<P><STRONG =
style=3D"FONT-SIZE: 16px; FONT-FAMILY: Verdana; COLOR: #6f2372">Califo=
rnia home sales volume lays low</STRONG><BR><SPAN style=3D"FONT-FAMILY=
: Verdana; COLOR: rgb(66,66,66)">41,700 new and resale home =
transactions closed escrow in California during July 2019.</SPAN></P><=
/A></TD></TR></TABLE></A></TD></TR></TABLE>=0D=0A<DIV></DIV>=0D=0A<TAB=
LE class=3Dmob_full_width style=3D"BACKGROUND-COLOR: rgb(255,255,255)"=
 cellSpacing=3D0 cellPadding=3D0 width=3D193 align=3Dleft border=3D0>=0D=
=0A=0D=0A<TR>=0D=0A<TD class=3Ditempadding style=3D"BACKGROUND-COLOR: =
rgb(255,255,255)"><A style=3D"TEXT-DECORATION: none" href=3D"https://j=
ournal.firsttuesday.us/when-do-you-think-the-next-recession-will-occur=
/42278/?utm_source=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=
=3D092319&amp;utm_campaign=3Dsiprior" target=3D_blank data-view=3D"hyp=
erlinksOptions" data-type=3D"link" data-sub-view=3D"optionUrl">=0D=0A<=
TABLE class=3Dmob_full_width style=3D"BACKGROUND-COLOR: rgb(255,255,25=
5)" cellSpacing=3D0 cellPadding=3D0 width=3D193 border=3D0>=0D=0A=0D=0A=
<TR>=0D=0A<TD style=3D"TEXT-ALIGN: left; BACKGROUND-COLOR: rgb(255,255=
,255)"><A style=3D"TEXT-DECORATION: none" href=3D"https://journal.firs=
ttuesday.us/using-the-yield-spread-to-forecast-recessions-and-recoveri=
es/2933/?utm_source=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_conten=
t=3D092319&amp;utm_campaign=3Dsiprior" target=3D_blank data-view=3D"hy=
perlinksOptions" data-type=3D"link" data-sub-view=3D"optionUrl"><IMG =
style=3D"FONT-SIZE: 16px; MAX-WIDTH: 100% !important; BORDER-TOP: =
rgb(0,0,0) 0px; BORDER-RIGHT: rgb(0,0,0) 0px; WIDTH: 100%; BORDER-BOTT=
OM: rgb(0,0,0) 0px; BORDER-LEFT: rgb(0,0,0) 0px; DISPLAY: block =
!important" alt=3D" " src=3D"https://journal.firsttuesday.us/wp-conten=
t/uploads/Yield-Spread-250x150.png" width=3D193></A></TD></TR>=0D=0A<T=
R>=0D=0A<TD style=3D"BACKGROUND-COLOR: rgb(255,255,255)" height=3D20><=
/TD></TR>=0D=0A<TR>=0D=0A<TD class=3D"blokpadding mob_text" =
style=3D"BACKGROUND-COLOR: rgb(255,255,255)"><A style=3D"TEXT-DECORATI=
ON: none" href=3D"https://journal.firsttuesday.us/using-the-yield-spre=
ad-to-forecast-recessions-and-recoveries/2933/?utm_source=3Dnewsletter=
&amp;utm_medium=3Demail&amp;utm_content=3D092319&amp;utm_campaign=3Dsi=
prior" target=3D_blank data-view=3D"hyperlinksOptions" data-type=3D"li=
nk" data-sub-view=3D"optionUrl">=0D=0A<P><STRONG style=3D"FONT-SIZE: =
16px; FONT-FAMILY: Verdana; COLOR: #6f2372">Using the yield =
spread to forecast recessions and recoveries</STRONG><BR><SPAN =
style=3D"FONT-FAMILY: Verdana; COLOR: rgb(66,66,66)">The yield =
spread went negative in mid-2019, averaging -0.34 points in =
August 2019</SPAN></P></A></TD></TR></TABLE></A></TD></TR></TABLE>=0D=0A=
<DIV></DIV>=0D=0A<TABLE class=3Dmob_full_width style=3D"BACKGROUND-COL=
OR: rgb(255,255,255)" cellSpacing=3D0 cellPadding=3D0 width=3D193 =
align=3Dright border=3D0>=0D=0A=0D=0A<TR>=0D=0A<TD class=3Ditempadding=
 style=3D"BACKGROUND-COLOR: rgb(255,255,255)"><A style=3D"TEXT-DECORAT=
ION: none" href=3D"https://journal.firsttuesday.us/home-sales-volume-a=
nd-price-peaks/692/?utm_source=3Dnewsletter&amp;utm_medium=3Demail&amp=
;utm_content=3D092319&amp;utm_campaign=3Dsiprior" target=3D_blank =
data-view=3D"hyperlinksOptions" data-type=3D"link" data-sub-view=3D"op=
tionUrl">=0D=0A<TABLE class=3Dmob_full_width style=3D"BACKGROUND-COLOR=
: rgb(255,255,255)" cellSpacing=3D0 cellPadding=3D0 width=3D193 =
border=3D0>=0D=0A=0D=0A<TR>=0D=0A<TD style=3D"TEXT-ALIGN: left; =
BACKGROUND-COLOR: rgb(255,255,255)"><A style=3D"TEXT-DECORATION: =
none" href=3D"https://journal.firsttuesday.us/current-market-rates/?ut=
m_source=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=3D092319&=
amp;utm_campaign=3Dsiprior" target=3D_blank data-view=3D"hyperlinksOpt=
ions" data-type=3D"link" data-sub-view=3D"optionUrl"><IMG style=3D"FON=
T-SIZE: 16px; MAX-WIDTH: 100% !important; BORDER-TOP: rgb(0,0,0) =
0px; BORDER-RIGHT: rgb(0,0,0) 0px; WIDTH: 100%; BORDER-BOTTOM: =
rgb(0,0,0) 0px; BORDER-LEFT: rgb(0,0,0) 0px; DISPLAY: block =
!important" alt=3D" " src=3D"https://journal.firsttuesday.us/wp-conten=
t/uploads/Rates-250x150.png" width=3D193></A></TD></TR>=0D=0A<TR>=0D=0A=
<TD style=3D"BACKGROUND-COLOR: rgb(255,255,255)" height=3D20></TD></TR=
>=0D=0A<TR>=0D=0A<TD class=3D"blokpadding mob_text" style=3D"BACKGROUN=
D-COLOR: rgb(255,255,255)"><A style=3D"TEXT-DECORATION: none" =
href=3D"https://journal.firsttuesday.us/current-market-rates/?utm_sour=
ce=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=3D092319&amp;ut=
m_campaign=3Dsiprior" target=3D_blank data-view=3D"hyperlinksOptions" =
data-type=3D"link" data-sub-view=3D"optionUrl">=0D=0A<P><STRONG =
style=3D"FONT-SIZE: 16px; FONT-FAMILY: Verdana; COLOR: #6f2372">Curren=
t market rates</STRONG><BR><SPAN style=3D"FONT-FAMILY: Verdana; =
COLOR: rgb(66,66,66)">The average 30-year fixed rate mortgage =
rate increased to 3.73% in the week ending September 20, 2019.</SPAN><=
/P></A></TD></TR></TABLE></A></TD></TR></TABLE></TD></TR></TABLE></TD>=
</TR></TABLE>=0D=0A<DIV><!-- Row END --></DIV>=0D=0A<DIV class=3Dgm-el=
ement style=3D"POSITION: relative; LEFT: 0px; TOP: 0px; BACKGROUND-COL=
OR: rgb(255,255,255)">=0D=0A<DIV><!-- Row START --></DIV>=0D=0A<DIV><!=
-- Row END -->=0D=0A<DIV><A href=3D"https://www.calpaces.com/?utm_sour=
ce=3Dnewsletter&amp;utm_medium=3Demail&amp;utm_content=3D092319&amp;ut=
m_campaign=3Dsiprior"><IMG style=3D"BORDER-TOP: rgb(0,0,0) 0px; =
BORDER-RIGHT: rgb(0,0,0) 0px; WIDTH: 661px; BORDER-BOTTOM: rgb(0,0,0) =
0px; MARGIN-LEFT: 0px; BORDER-LEFT: rgb(0,0,0) 0px; DISPLAY: =
block !important" src=3D"https://journal.firsttuesday.us/wp-content/up=
loads/CalPaces-keeping-tabs-Banner.png" width=3D650></A></DIV><!-- =
Row START -->=0D=0A<DIV><!-- Row END --></DIV>=0D=0A<DIV class=3Dgm-el=
ement style=3D"POSITION: relative; BACKGROUND-COLOR: rgb(255,255,255)"=
>=0D=0A<DIV><!-- 3 box END -->=0D=0A<TABLE class=3Dcentered =
style=3D"BORDER-COLLAPSE: collapse; MARGIN-LEFT: auto; BORDER-SPACING:=
 0; MARGIN-RIGHT: auto">=0D=0A=0D=0A<TR>=0D=0A<TD style=3D"VERTICAL-AL=
IGN: top; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: =
0px; PADDING-RIGHT: 0px">=0D=0A<TABLE class=3Dauto-style2 style=3D"FON=
T-SIZE: 14px; WIDTH: 661px; BORDER-COLLAPSE: collapse; BORDER-SPACING:=
 0; BACKGROUND-COLOR: #6f2372; MARGIN-RIGHT: auto" bgColor=3D#6f2372>=0D=
=0A=0D=0A<TR>=0D=0A<TD class=3Dcolumn style=3D"VERTICAL-ALIGN: =
top; PADDING-BOTTOM: 0px; TEXT-ALIGN: left; PADDING-TOP: 0px; =
PADDING-LEFT: 0px; PADDING-RIGHT: 0px">=0D=0A<TABLE class=3Dcontents =
style=3D"WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-SPACING: =
0">=0D=0A=0D=0A<TR>=0D=0A<TD style=3D"HEIGHT: 10px"><SPAN class=3Dauto=
-style6 style=3D"FONT-SIZE: 16px; FONT-FAMILY: sans-serif; TEXT-TRANSF=
ORM: uppercase; FLOAT: left; COLOR: #ffffff; PADDING-BOTTOM: =
5px; PADDING-TOP: 5px; PADDING-LEFT: 10px; MARGIN: 0px; PADDING-RIGHT:=
 10px; BACKGROUND-COLOR: #6f2372"><IMG style=3D"BORDER-LEFT-WIDTH: =
0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; -MS-INTERPOLAT=
ION-MODE: bicubic; BORDER-TOP-WIDTH: 0px" alt=3DPoll src=3D"https://jo=
urnal.firsttuesday.us/wp-content/uploads/Journal-NL-Video.png" =
width=3D16>&nbsp; <STRONG>real estate made reel - your weekly =
educational videos</STRONG></SPAN></TD></TR></TABLE></TD></TR></TABLE>=
</TD>=0D=0A<TD class=3Dborder style=3D"FONT-SIZE: 1px; WIDTH: =
1px; VERTICAL-ALIGN: top; PADDING-BOTTOM: 0px; PADDING-TOP: =
0px; PADDING-LEFT: 0px; LINE-HEIGHT: 1px; PADDING-RIGHT: 0px; =
BACKGROUND-COLOR: #e9e9e9">&nbsp;</TD></TR></TABLE>=0D=0A<TABLE =
class=3Dcentered style=3D"BORDER-COLLAPSE: collapse; MARGIN-LEFT: =
auto; BORDER-SPACING: 0; MARGIN-RIGHT: auto">=0D=0A=0D=0A<TR>=0D=0A<TD=
 class=3Dborder style=3D"FONT-SIZE: 1px; WIDTH: 1px; VERTICAL-ALIGN: =
top; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; =
LINE-HEIGHT: 1px; PADDING-RIGHT: 0px; BACKGROUND-COLOR: #fc8902">&nbsp=
;</TD>=0D=0A<TD style=3D"VERTICAL-ALIGN: top; PADDING-BOTTOM: =
0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px"><A =
style=3D"TEXT-DECORATION: none" href=3D"https://journal.firsttuesday.u=
s/referral-fees-between-brokerages/69279/?utm_source=3Dnewsletter&amp;=
utm_medium=3Demail&amp;utm_content=3D092319&amp;utm_campaign=3Dsiprior=
" target=3D_blank data-view=3D"hyperlinksOptions" data-type=3D"link" =
data-sub-view=3D"optionUrl">=0D=0A<TABLE class=3Done-col style=3D"FONT=
-SIZE: 14px; WIDTH: 660px; BORDER-COLLAPSE: collapse; MARGIN-LEFT: =
auto; BORDER-SPACING: 0; BACKGROUND-COLOR: #fc8902; MARGIN-RIGHT: =
auto">=0D=0A=0D=0A<TR>=0D=0A<TD class=3Dcolumn style=3D"VERTICAL-ALIGN=
: top; PADDING-BOTTOM: 0px; TEXT-ALIGN: left; PADDING-TOP: 0px; =
PADDING-LEFT: 0px; PADDING-RIGHT: 0px">=0D=0A<TABLE class=3Dcontents =
style=3D"WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-SPACING: =
0">=0D=0A=0D=0A<TR>=0D=0A<TD class=3Dpadded style=3D"VERTICAL-ALIGN: =
top; PADDING-BOTTOM: 0px; PADDING-TOP: 10px; PADDING-LEFT: 32px; =
PADDING-RIGHT: 32px">=0D=0A<H3 style=3D"MARGIN-BOTTOM: 10px; =
FONT-SIZE: 20px; FONT-FAMILY: sans-serif; COLOR: #ffffff; PADDING-BOTT=
OM: 0px; TEXT-ALIGN: left; PADDING-TOP: 0px; PADDING-LEFT: 0px; =
MARGIN-TOP: 0px; LINE-HEIGHT: 30px; PADDING-RIGHT: 25px">=0D=0A<P><IMG=
 style=3D"FONT-SIZE: 16px; MAX-WIDTH: 30% !important; BORDER-TOP: =
rgb(0,0,0) 0px; BORDER-RIGHT: rgb(0,0,0) 0px; WIDTH: 60%; BORDER-BOTTO=
M: rgb(0,0,0) 0px; FLOAT: left; PADDING-BOTTOM: 5px; PADDING-TOP: =
5px; PADDING-LEFT: 5px; BORDER-LEFT: rgb(0,0,0) 0px; DISPLAY: =
block !important; PADDING-RIGHT: 30px" alt=3D" " src=3D"https://journa=
l.firsttuesday.us/wp-content/uploads/Referral-Fees-Between-Brokerages-=
TN-250x150.png" align=3Dleft><A style=3D"COLOR: #ffffff" align=3D"cent=
er"> Referral Fees Between Brokerages</P></H3><!--video description-->=
=0D=0A<P align=3Dleft><SPAN style=3D"FONT-FAMILY: Verdana; COLOR: =
#ffffff">Compensation for a referral by or between brokers permitted =
under the Real Estate Settlement Procedures Act (RESPA).</SPAN></P></A=
></TD></TR></TABLE>=0D=0A<DIV class=3Dcolumn-bottom style=3D"FONT-SIZE=
: 8px; LINE-HEIGHT: 8px">&nbsp;</DIV></TD></TR></TABLE></A></TD>=0D=0A=
<TD class=3Dborder style=3D"FONT-SIZE: 1px; WIDTH: 1px; VERTICAL-ALIGN=
: top; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: =
0px; LINE-HEIGHT: 1px; PADDING-RIGHT: 0px; BACKGROUND-COLOR: =
#e9e9e9">&nbsp;</TD></TR></TABLE></DIV></DIV><!-- 3 box START =
-->=0D=0A<DIV><!-- 3 box END -->=0D=0A<TABLE class=3Dcentered =
style=3D"BORDER-COLLAPSE: collapse; MARGIN-LEFT: auto; BORDER-SPACING:=
 0; MARGIN-RIGHT: auto">=0D=0A=0D=0A<TR>=0D=0A<TD style=3D"VERTICAL-AL=
IGN: top; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: =
0px; PADDING-RIGHT: 0px">=0D=0A<TABLE class=3Dauto-style2 style=3D"FON=
T-SIZE: 14px; WIDTH: 661px; BORDER-COLLAPSE: collapse; BORDER-SPACING:=
 0; BACKGROUND-COLOR: #6f2372; MARGIN-RIGHT: auto" bgColor=3D#6f2372>=0D=
=0A=0D=0A<TR>=0D=0A<TD class=3Dcolumn style=3D"VERTICAL-ALIGN: =
top; PADDING-BOTTOM: 0px; TEXT-ALIGN: left; PADDING-TOP: 0px; =
PADDING-LEFT: 0px; PADDING-RIGHT: 0px">=0D=0A<TABLE class=3Dcontents =
style=3D"WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-SPACING: =
0">=0D=0A=0D=0A<TR>=0D=0A<TD style=3D"HEIGHT: 10px"><SPAN class=3Dauto=
-style6 style=3D"FONT-SIZE: 16px; FONT-FAMILY: sans-serif; TEXT-TRANSF=
ORM: uppercase; FLOAT: left; COLOR: #ffffff; PADDING-BOTTOM: =
5px; PADDING-TOP: 5px; PADDING-LEFT: 10px; MARGIN: 0px; PADDING-RIGHT:=
 10px; BACKGROUND-COLOR: #6f2372"><IMG style=3D"BORDER-LEFT-WIDTH: =
0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; -MS-INTERPOLAT=
ION-MODE: bicubic; BORDER-TOP-WIDTH: 0px" alt=3D"Form udpates" =
src=3D"https://journal.firsttuesday.us/wp-content/uploads/Journal-NL-F=
orms-small.png">&nbsp; <STRONG>form updates this month</STRONG></SPAN>=
</TD></TR></TABLE></TD></TR></TABLE></TD>=0D=0A<TD class=3Dborder =
style=3D"FONT-SIZE: 1px; WIDTH: 1px; VERTICAL-ALIGN: top; PADDING-BOTT=
OM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; LINE-HEIGHT: 1px; =
PADDING-RIGHT: 0px; BACKGROUND-COLOR: #e9e9e9">&nbsp;</TD></TR></TABLE=
>=0D=0A<TABLE class=3Dcentered style=3D"BORDER-COLLAPSE: collapse; =
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