Review the the legislative changes and economic shifts which impacted real estate during 2023 and read our forecast for the property market in 2024.
2023 in review and a real estate forecast for 2024
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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
Legislators clear the path for more commercial-to-residential conversions
Legislators are limiting the power of local city councils to prohibit adaptive reuse projects.
Mortgage delinquencies inch higher, equity shields homeowners — for now
Even as mortgage delinquencies rise, high levels of equity continue to shield homeowners from foreclosure.
California home sales volume: the slide continues in October 2023
Year-to-date home sales volume is a fee-killing 29% below 2022 as of October 2023.
Using the yield spread to forecast recessions and recoveries
The yield spread indicates the likelihood of a recession or recovery one year forward.
Today’s homebuyers settle in for the long haul
In a rapid shift amounting to whiplash for real estate agents, today’s homebuyers will need to own for years before they gain enough equity to move again.
Sales volume trends, from a weak year; Monthly Statistical Update (December 2023)
Sales volume after 2023’s puny seasonal bounce; Sales volume is weakening, but a recovery lurks; MLS inventory flatlines, buyers and sellers wait
Financial risk is high in these California metros
In terms of financial safety, most California metros rank low, with the housing market to blame.
Mortgage industry sees more originations in 2024, despite also anticipating a recession
The MBA’s crystal ball shows more mortgage originations in 2024 – but also a recession.
Errata & Updates
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