California’s Buyer Purchasing Power Index (BPPI) declined to -6.9 in June 2018.
Press Release: Buyer purchasing power continues down
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California Mortgage Lending
Learn the core concepts of consumer and business mortgage lending and brokering.
Stay current on the latest news, videos, forms, and updates for California Mortgage Lending.
Recent updates to the course e-book
- Chapter 3: The Agency Law Disclosure. The updated statutory Agency Law Disclosure and confirmation provision went into effect the beginning of 2019. Both the content of the form and when it is to be used have been modified. Further, prior printings indicate the Agency Law Disclosure is not required on a lease with a term exceeding one year. However, lease transactions greater than one year are targeted transactions requiring the disclosure. For a thorough analysis of the new disclosure and confirmation practices, see the digital eBook version of the book.
- Chapter 72: Home mortgage interest deductions. The definition for principal residence on page 472 is partially obscured. It should read “The residential property where the homeowner resides a majority of the year.”
- Quiz 3 Question 3 has been simplified to read:
California anti-discrimination law is enforced by:
a. the Department of Business Oversight (DBO).
b. the Department of Fair Employment and Housing.
c. the Department of Housing and Urban Development (HUD).
d. Fannie Mae.
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
The yield spread’s directive for home prices
The yield spread has dipped below 1% in 2018, here’s what it means for home prices.
Home prices temporarily outrun California’s flat home sales volume; Monthly Statistical Update (June 2018)
Download the Monthly Statistical Update To view, print and personalize this month’s Statistical Update for your marketing campaign, click here
Low vacancies to spur more residential construction; Monthly Statistical Update (May 2018)
Rental vacancies up from their low point; Insufficient multi-family construction; Homeowner vacancies flat-to-down
The lull before the storm: 16 factors set to rise with interest rates
Understand how the market will be impacted by the coming era of rising interest rates.
2018 tax changes
2018’s tax changes in California and beyond, explained.
Buyer purchasing power down as interest rates rise
The California Buyer Purchasing Power Index (BPPI) figure was -2.37 in March 2018.
Wage increases remain steady, home prices rush on
Home prices have doubled since 2000. The same can’t be said about incomes.
Low savings, personal bankruptcies and the biggest brokerages; Monthly Statistical Update (April 2018)
Savings are at their lowest since before the recession; Personal bankruptcies near their bottom; California’s growing brokerages