Home prices are propped up by low interest rates, for now; Saving opportunities narrow in California; Personal bankruptcies set to rise
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Home prices are propped up by low interest rates, for now; Saving opportunities narrow in California; Personal bankruptcies set to rise
California’s Buyer Purchasing Power Index (BPPI) was +8.9 in Q1 2020.
Negative yield spread forecasts 2020 recession; FRM rates hit record lows; Refinances to continue their rise
California’s homeownership rate ballooned during the Millennium Boom, but quickly fell to today’s low level of 55%.
California home sales volume down slightly in 2019; Home prices level off going into 2020; Construction declines in 2019, despite rising demand
California construction still insufficient; First-time homebuyer population grows, homeownership slows; California’s population growing at a slowing pace
first tuesday’s 2020 forecast shows buyer purchasing power decreasing in the coming months.
Home sales volume down in 2019; Refi’s jump with interest rate decrease; MLO population declines in 2019
View California’s current housing cycle alongside the Millennium Boom.