Plunging home values and few savings leave recent homebuyers unprepared to combat negative equity; Monthly Statistical Update (December 2022)

The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions.

This month, we’re covering:

• today’s low rate of personal savings, now strangled by inflation to a decade’s low;
• the jobs market, which is finally approaching a recovery from the 2020 recession; and
• the rising 30-year fixed rate mortgage (FRM) rate — and the coinciding damage wrought on home values, as recent mortgaged homebuyers are plunged deeper and deeper underwater.

Download the Monthly Statistical Update