Today’s homebuyer is limited to borrowing 9.7% less mortgage money than a year earlier due to higher interest rates alone.
Learn the 25 economic factors that drive California’s real estate market.
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Today’s homebuyer is limited to borrowing 9.7% less mortgage money than a year earlier due to higher interest rates alone.
Just 18,800 new and resale home transactions closed escrow in California during November 2023.
California job additions continue; Job growth contracts; The yield spread forecasts the next recession.
Review the the legislative changes and economic shifts which impacted real estate during 2023 and read our forecast for the property market in 2024.
Legislators are limiting the power of local city councils to prohibit adaptive reuse projects.
Even as mortgage delinquencies rise, high levels of equity continue to shield homeowners from foreclosure.
Year-to-date home sales volume is a fee-killing 29% below 2022 as of October 2023.
Track the single most influential factor on California’s real estate market: the number of people employed.
The yield spread indicates the likelihood of a recession or recovery one year forward.
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