The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions.

This month, we’re covering:

  • adjustable rate mortgages (ARMs), which continue to eclipse FRM rates, eliminating their usefulness for buyers seeking to extend their purchasing power;
  • the average rate on the 30-year fixed rate mortgage (FRM), which increased to 6.7% in June 2023, putting additional pressure on seller pricing; and
  • spiraling construction starts, which have plunged following mortgage rate hikes and tightening credit.

Download the Monthly Statistical Update

Download the customizable PDF version of the July 2023 MSU to share the latest market stats with your office and clients.

Plus, download Adobe Acrobat Reader to personalize this MSU with your image/logo and contact info — free!