Today's homeowners are stuck on yesterday's rates Sticky homeowners are unwilling to relieve the inventory shortage in 2023 as homeowners with interest rates below 5% are half as likely to sell as those with an interest rate higher than 5%.
The news media has the wrong take on mortgage rates Media pundits in their coverage of today's high interest rates ignore the 60-year cycle of rising and falling mortgage rates and a seller's axiomatic pricing response to interest fluctuations.
Triggered by Any Transfer of Any Legal or Equitable Ownership Interest in the Security This video dramatizes a sale of property encumbered by a mortgage holder's trust deed which triggers the due-on clause.
Alternative to supervisor-trainee approach opens the door to become an appraiser Appraiser trainees may now fulfill the experience requirement online — no insider status required.
Recent Case Decision: Olympic and Georgia Partners LLC v. Los Angeles Is a developer entitled to exclude from assessed value income received from subsidies and an operator's agreement?
Jobs move real estate California surpassed the pre-recession 2019 peak in jobs, but the recovery pace continues its year-long deceleration. Jobs grew at a rate of just 2.8% over the past 12 months.
California home sales volume Just 23,000 home transactions closed escrow in California during July 2023. Year-to-date sales volume is a fee-crushing 28% below a year ago.
Sacramento County housing indicators Sacramento County home sales volume year-to-date is 34% below a year earlier and 36% below 2019 — the last normal year for sales volume.
Current mortgage rates The average 30-year FRM rate jumped to a new high of 7.23% in the week ending August 25, 2023. The average 15-year FRM rate also rose to 6.55%.
Trending: Price cuts moderate during spring bump, with more to come Any seller confidence from spring's meager seasonal boost is premature.
Popular: Community bankers agree: the recession is here An overwhelming 95% of community bankers say the economy is already in a recession as of Q2 2023.
Real Estate Crossword Test your real estate fundamentals with the firsttuesday crossword puzzle on Real Estate Practice.
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