A homebuyer with the same income is able to borrow 23% less purchase-assist mortgage money than a year ago due to interest rate hikes alone.
Press Release: Q1 2023 Buyer Purchasing Power Index down 23% from a year earlier
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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
California home sales volume crawls higher in February 2023
Just 16,900 new and resale home transactions closed escrow in California during February 2023.
Home sales volume finds a new low, ARMs no longer an option to extend purchasing power; Monthly Statistical Update (April 2023)
Home sales volume in the basement; FRM rates to fall back in 2023 — but not yet; ARM rates crossover the FRM rate
National mortgage balances increased by $1 trillion in 2022
During the fourth quarter of 2022, total national mortgage debt increased by $254 billion, contributing to a $1 trillion increase in mortgage balances in 2022.
Due-on leasing regulations
Landlords and property managers need to know what triggers and exempts the due-on clause, since mortgage holders enforce the due-on clause more frequently in times of rising interest rates.
Form-of-the-Week: Profit and Loss Statement and Balance Sheet — Forms 209-2 and 209-3
An agent uses RPI Forms 209-2 and 209-3 when assisting owners with household budgeting and long-term financial planning.
ARM-FRM crossover removes last support for home prices
The interest rate inversion has completely eliminated the appeal of ARMs — and the price support ARMs provided before the inversion.
Mortgage delinquencies rise from historic low
While home sales volume is plummeting and home prices are spiraling, there is one housing factor on the rise — mortgage delinquencies.
The mean price trendline: the home price anchor
The mean price trendline reveals housing price deviations. Track the trends to reveal the direction of prices in the years ahead.
Errata & Updates
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