Monthly Statistical Update: April 2023 Home sales volume is in the basement thanks to surging interest rates and buyer cannibalization. Now ARMs have been neutered as an option to extend purchasing power.
California home sales volume crawls higher in February 2023 Just 16,900 new and resale home transactions closed escrow in California during February 2023 — 22% below 2019.
A Broker's Management of Unlicensed Assistants This video details a broker's use of unlicensed assistants to perform administrative duties under broker supervision.
Market price influencers for a BPO report Examine the factors influencing a broker's price opinion (BPO) report, including the property's location, natural hazards and local ordinances.
DRE Hot Seat: Trust funds require constant upkeep Read how the DRE disciplined a broker who did not properly maintain trust fund records and allowed the unauthorized withdrawal of trust funds.
Form-of-the-Week: Open House Interview Sheet and Survey Sheet for Commercial Property An agent uses RPI Forms 320-2 and 320-3 when matching clients with their ideal properties.
Press Release: Q1 2023 Buyer Purchasing Power Index down 23% A buyer with the same income is able to borrow 23% less mortgage money today versus a year ago.
Legislative Gossip Legislation affecting housing in March includes amendments to the Tenant Protection Act (TPA), down payment programs and streamlined office-to-residential conversions.
Jobs move real estate The jobs recovery pace continues its deceleration, with jobs growing 3.6% over the past 12 months. Watch for greater losses to begin by mid-2023.
Current mortgage rates The average 30-year FRM rate fell slightly to 6.32% in the week ending March 31, 2023. The average 15-year FRM rate also fell back, now at 5.56%.
Trending: California Attorney General clashes with NIMBYs in Huntington Beach This is the second time the state has sued Huntington Beach over its handling of Accessory Dwelling Units.
Real Estate Crossword Test your real estate fundamentals with our weekly Real Estate Crossword Puzzle. This week's challenge: Valuation.
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