The California BPPI figure declined to -5.0 in December 2021, reflecting a 5% decrease in mortgage money available to homebuyers reliant on financing.
Press Release: Q4 2021 Buyer Purchasing Power goes negative with rising interest rates
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Income Property Brokerage
Stay a step ahead of investor pitfalls by learning the ins and outs of various types of income properties. Stay current on the latest news, videos, forms, and updates for Income Property Brokerage.
Recent updates to the course e-book
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
Mortgage rates enter 2022 in a risky crossover; Monthly Statistical Update (January 2022)
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)
2021 in review and a forecast for 2022 and beyond
Catch up on 2021’s biggest real estate stories and read firsttuesday’s forecast for 2022 and beyond.
Form-of-the-Week: Guarantee Agreement for Rental or Lease — Form 553-1
A lease guarantee commits the individual who signs it to pay the landlord throughout the duration of the lease. Since this agreement carries a significant financial risk, a commercial tenant may want to seek alternative negotiation tactics to get around signing the personal guarantee.
Zillow exits home flipping after getting burned in hot market
Zillow’s large-scale flipping scheme was bound to fail.
Construction awaits a full jobs recovery; Monthly Statistical Update (December 2021)
The faltering recovery progress for jobs; Low labor force participation continues; Construction recovery hampered
Investor home purchase share at an all-time high in 2021
Investor market shares are hitting record highs in Q3 2021. Find out what this means for investors across California.
Form-of-the-Week: Tenant Lease Worksheet and Offer to Lease – Forms 555 and 556
A leasing agent uses RPI Form 555 to understand a commercial tenant’s reasons for relocating and RPI Form 556 to prepare an offer which becomes binding when accepted by the landlord of the commercial property.
Buyer purchasing power goes negative, reigning in home sales volume and prices; Monthly Statistical Update (November 2021)
Home sales volume jumped — past to present; Pandemic-primed home prices now ripe to pop; Buyer purchasing power turns against home sales