Negative yield spread forecasts 2020 recession; FRM rates hit record lows; Refinances to continue their rise
Recession anticipation send rates down, refinances up; Monthly Statistical Update (April 2020)
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Buying Homes in Foreclosure
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Recent updates to the course e-book
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465
Newly published related content
Slowing sales and unmet housing demand; Monthly Statistical Update (March 2020)
California home sales volume down slightly in 2019; Home prices level off going into 2020; Construction declines in 2019, despite rising demand
Residential construction strains to meet population growth; Monthly Statistical Update (January 2020)
California construction still insufficient; First-time homebuyer population grows, homeownership slows; California’s population growing at a slowing pace
Buyer Purchasing Power Index rises in Q4 2019 with falling interest rates
first tuesday’s 2020 forecast shows buyer purchasing power decreasing in the coming months.
Rising refinances give MLOs a boost despite slowing sales; Monthly Statistical Update (December 2019)
Home sales volume down in 2019; Refi’s jump with interest rate decrease; MLO population declines in 2019
Look back to look forward: California’s past and future housing cycles
View California’s current housing cycle alongside the Millennium Boom.
Interest rates at an unequal bottom; Monthly Statistical Update (November 2019)
Fixed rate mortgage (FRM) rates decline; Adjustable rate mortgage (ARM) rates decrease, not enough; Economic expectations see Treasury rates bottom
Declining housing and economic factors push sales agents out; Monthly Statistical Update (October 2019)
California home sales volume to continue down; The yield spread forecasts the next recession; Active agents and brokers decline
Q3 2019 Buyer Purchasing Power Index rises as interest rates fall
The California Buyer Purchasing Power Index (BPPI) figure rose to +10.1 in September 2019.
