Rapidly rising interest rates caused the BPPI figure to slip to -12.7 in March 2022 – and falling.
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Rapidly rising interest rates caused the BPPI figure to slip to -12.7 in March 2022 – and falling.
Jobs are still climbing out of the recessionary pit; Personal savings — back to normal and falling; Yield spread forecasts no double dip recession — for now
Real estate giant Zillow entered a hot and unpredictable housing market as a speculator experimenting with iBuying and got burned, reporting a total net loss of $530 million in 2021.
Home sales got a (temporary) boost in 2021; Residential construction is not (yet) meeting demand; Mortgage insurance woes for leveraged buyers
The economic fallout of the pandemic threatens to linger — especially in the commercial market.
While office and retail both experienced increased vacancies in 2021, industrial vacancies have hit historic lows.
Fixed rate mortgage (FRM) rates leaped; While mortgage rates jump, Treasuries only rise; High home prices just lost support
The California BPPI figure declined to -5.0 in December 2021, reflecting a 5% decrease in mortgage money available to homebuyers reliant on financing.
Fixed rate mortgage (FRM) rates look flat to up; Bond market investors subdued as the Fed fights inflation; Homebuyers eye low rates on adjustable rate mortgages (ARM)