Monthly Statistical Update: August 2023 Home prices decelerate after the anemic spring seasonal bump and home sales volume sputters amid depleted housing inventory.
California home sales volume: June 2023 sees an end to seasonal bump Year-to-date, sales volume is a fee-crushing 31% below 2022 as of June 2023.
Mortgage Concepts: Observed suspicious activity reports (SARs) This video covers when a mortgage lender needs to file a suspicious activity report (SAR).
HCD awards grants to increase access to housing California is rewarding local agencies with $352 million in grants to help achieve housing and climate goals. Is your area reaping rewards or on the HCD's naughty list?
Recent Case Decision: SVAP III Poway Crossings v. Fitness International Is a commercial tenant excused from rent obligations during a pandemic when a lease agreement contains a force majeure provision?
Recent Case Decision: In re: Jaswinder Singh Bhangoo May a debtor claim an automatic homestead exemption when they move back into a personal residence after filing a bankruptcy petition?
California home sales volume Home sales volume was 20% below a year earlier in June 2023 and 12% below 2019 — the last year to experience a typical sales cycle.
California tiered home pricing Home prices rebounded during May 2023 but are 4% below the May 2022 peak in the low tier, 7% lower in the mid tier and 6% lower in the high tier.
Current mortgage rates The average 30-year FRM rate inched higher to 6.81% in the week ending July 28, 2023. The average 15-year FRM rate also increased to 6.11%.
Trending: Close the racial homeownership gap — but not in 2023 Homeownership as a housing policy when prices are just past a historic peak — not a good look.
Popular: DRE Licensee Profile RPI's first quarter of 2023 DRE Licensee Profile presents real estate licensing and renewal trends with a forward application into 2024.
Real Estate Crossword Test your real estate fundamentals with the weekly firsttuesday Real Estate Crossword Puzzle. This week's topic: Transfer of Property.
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