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Week of April 10, 2023

The Appraisal Foundation urged to revise their Ethics Rule for appraisers

The Appraisal Foundation urged to revise Ethics Rule
The stewards of the Uniform Standards of Professional Appraisal Practice have revised appraiser ethics rules.

California tiered home pricing

Source of home price movement: buyer purchasing power
As of Q1 2023, homebuyers have lost access to 23% purchase-assist mortgage money compared to a year earlier.

California tiered home pricing

California tiered home pricing
Average home prices in California are dropping at an annualized pace of 15% — a steep nosedive from the May 2022 peak.

Trending mortgage rates

Trending mortgage rates
The average 30-year fixed rate mortgage remained level at 6.28% in the week ending April 7, 2023.

firsttuesday Real Estate Crossword

Real Estate Crossword
Test your industry fundamentals with our Real Estate Crossword on Transfer of Property.

Home sales volume finds a new low, ARMs no longer an option to extend purchasing power; Monthly Statistical Update (April 2023)

Monthly Statistical Update: April 2023
We break down the ARM-FRM crossover in our latest Monthly Statistical Update video for April 2023.

Form udpates  RPI Form Updates
 

— No RPI Form updates this week.

 

To access all updated forms, view our RPI Forms library here.
Click on Download the Full Forms Library to download our entire catalog.

 

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