The recession is imminent — for real estate, more of 2022; Monthly Statistical Update (January 2023)

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 negative yield spread, which forecasts an official recession declaration to arrive in mid-2023;
• multiple listing service (MLS) inventory, rising to 14% above a year earlier across California’s largest metros;
• the jobs market, now fully recovered from the 2020 recession; and
• recommendations on generating additional fees for real estate agents seeking to survive the 2023 recession.

Download the Monthly Statistical Update