$3.8 trillion in mortgages were originated in 2021, the majority of which were refinances.
2021 mortgage originations decline from record heights
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Real Estate Economics
Learn the 25 economic factors that drive California’s real estate market.
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06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
LIBOR phase out begins on December 31, 2021. Are you ready?
As LIBOR’s demise quickly approaches, the Secured Overnight Financing Rate (SOFR) is the backup rate of choice.
Santa Ana enacts new rent control measures amid staunch resistance
Santa Ana became the first city in Orange County to adopt its own rent control ordinance.
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
Low interest rates are keeping homes off the market
Homeowners take advantage of low interest rates to refinance their homes, reducing opportunities for homebuyers.
Where have all the workers gone? The Great Resignation hits home in California
The number of workers quitting their jobs continues to escalate in 2021, with September seeing a record level of quits.
As forbearance exits pile on, where will they go next?
Just one-in-five homeowners exiting forbearance can show an ability to resume their regular mortgage payments.
September 2021 California home sales: rapid sales pace is waning
The number of homes sold in September was 1,700 or 4% higher than a year earlier.
Optimistic, the Fed begins its bond taper — and interest rates look up
The Fed is now attempting to balance 2021’s high levels of inflation and housing prices with the still-wounded jobs market.