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Sales volume’s magnetic pull on home prices; The mean price trendline: the home price anchor; The higher risk and lower purchasing power of a small down payment
This week’s Broker Reminder looks at Prop 13 and transactions excluded from reassessment.
Brush up on the Transfer Disclosure Statement and the importance of disclosing material facts to buyers and sellers.
Buyer Purchasing Power Index (BPPI) rises with falling interest rates; Home sales volume succumbs to economic pressure; Home prices continue to defy gravity
Commercial property sales were at their lowest level in a decade in May 2020.
Jobs lost puts a face on the 2020 recession; Stock market highs and lows as mostly momentum, not data based; Real estate investments are tangible and location counts — just not in 2020
30-year fixed rate mortgage (FRM) rates hit historic low; For-sale inventory drops; Home sales volume set to fall
The average ARM rate has fallen back in 2020.
Home prices are propped up by low interest rates, for now; Saving opportunities narrow in California; Personal bankruptcies set to rise