Home sales volume in the basement; FRM rates to fall back in 2023 — but not yet; ARM rates crossover the FRM rate
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Home sales volume in the basement; FRM rates to fall back in 2023 — but not yet; ARM rates crossover the FRM rate
An agent uses RPI Forms 209-2 and 209-3 when assisting owners with household budgeting and long-term financial planning.
The interest rate inversion has completely eliminated the appeal of ARMs — and the price support ARMs provided before the inversion.
While home sales volume is plummeting and home prices are spiraling, there is one housing factor on the rise — mortgage delinquencies.
California home sales volume started 2023 with the lowest numbers since the Great Recession.
https://vimeo.com/802054438 The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. This month, we’re covering: the share of California’s mortgaged homes underwater, now inching higher...
Will stagflation rear its ugly head again in 2023, pushing the housing market deeper into recession?
As long as buyers are limited by rising mortgage rates, the seller’s list price is the only moveable part in the transaction.
During a recession, buyers have the luxury to pick over every aspect of a home – including its energy costs.