California home sales volume in May 2023 was up 22% from the prior month – but down 22% from a year earlier.
California home sales volume: A weak seasonal bump for May 2023
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Economic Trends in California Real Estate
Learn the 25 economic factors that drive California’s real estate market.
Stay current on the latest news, videos, forms, and updates for Economic Trends in California Real Estate.
Latest Articles
Home equity declines since June 2022
California homeowners lost an average of $60,000 in equity over the past year.
Too much of a good thing? Not possible, when it comes to housing
The vast majority of California residents support looser zoning restrictions for housing.
The mean price trendline: guidance for when to sell
Sellers who are going to sell within the next five years need to be advised to sell now, not wait.
The “right” interest rate is the market rate — higher than homebuyers think
Waiting for mortgage rates to drop to the “right” level is mental joy riding.
Landlords fight rising vacancy rates
While the supply-and-demand imbalance is heading in the right direction — toward stabilization — the rental market is still a long way from normal.
California home sales volume: Spring housing demand evaporates as price drop pauses
For the second year in a row, California home sales volume peaked early, falling back in April 2023.
Commercial mortgage lending slides in 2023
MLOs betting their income on commercial and multi-family lending in 2023 will be disappointed.
Ten-year rate hikes freeze up sellers in property markets; Monthly Statistical Update (June 2023)
The seesaw of mortgage market and Fed funds rates; Mortgage insurance also constricts homebuyer purchasing power; REIT values, returns fall back in 2023
Errata & Updates
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.