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California construction still insufficient; First-time homebuyer population grows, homeownership slows; California’s population growing at a slowing pace
first tuesday’s 2020 forecast shows buyer purchasing power decreasing in the coming months.
Home sales volume down in 2019; Refi’s jump with interest rate decrease; MLO population declines in 2019
View California’s current housing cycle alongside the Millennium Boom.
Fixed rate mortgage (FRM) rates decline; Adjustable rate mortgage (ARM) rates decrease, not enough; Economic expectations see Treasury rates bottom
California home sales volume to continue down; The yield spread forecasts the next recession; Active agents and brokers decline
The California Buyer Purchasing Power Index (BPPI) figure rose to +10.1 in September 2019.
The homeownership decline hits young homeowners hardest; Student loan debt holds back homeownership for the young; Negative immigration to continue chipping away at home sales
A drop in negative net migration occurred in California in 2018.