Today’s homebuyer is limited to borrowing 9.7% less mortgage money than a year earlier due to higher interest rates alone.
Despite Q4 2023 FRM rate slippage, Buyer Purchasing Power remains negative
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Real Estate Economics
Learn the 25 economic factors that drive California’s real estate market.
Stay current on the latest news, videos, forms, and updates for Real Estate Economics.
Latest Articles
California home sales volume: more misses in November 2023
Just 18,800 new and resale home transactions closed escrow in California during November 2023.
Agents pivot as the economy teeters on the edge of recession; Monthly Statistical Update (January 2024)
California job additions continue; Job growth contracts; The yield spread forecasts the next recession.
2023 in review and a real estate forecast for 2024
Review the the legislative changes and economic shifts which impacted real estate during 2023 and read our forecast for the property market in 2024.
Legislators clear the path for more commercial-to-residential conversions
Legislators are limiting the power of local city councils to prohibit adaptive reuse projects.
Mortgage delinquencies inch higher, equity shields homeowners — for now
Even as mortgage delinquencies rise, high levels of equity continue to shield homeowners from foreclosure.
California home sales volume: the slide continues in October 2023
Year-to-date home sales volume is a fee-killing 29% below 2022 as of October 2023.
Jobs move real estate
Track the single most influential factor on California’s real estate market: the number of people employed.
Using the yield spread to forecast recessions and recoveries
The yield spread indicates the likelihood of a recession or recovery one year forward.
Errata & Updates
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