A homebuyer with the same income is able to borrow 23% less purchase-assist mortgage money than a year ago due to interest rate hikes alone.
Press Release: Q1 2023 Buyer Purchasing Power Index down 23% from a year earlier
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Real Estate Practice
Master the forms needed most in brokerage services. This volume covers the agency, disclosure, and contract law concepts fundamental to your practice.
Our Real Estate Practice course meets SB 1495 requirements: Implicit Bias and Fair Housing.
Latest Articles
Market price influencers for a BPO report
Learn about the factors influencing a broker’s price opinion (BPO) report, including the property’s location, natural hazards and local ordinances.
Home sales volume finds a new low, ARMs no longer an option to extend purchasing power; Monthly Statistical Update (April 2023)
Home sales volume in the basement; FRM rates to fall back in 2023 — but not yet; ARM rates crossover the FRM rate
DRE Hot Seat: Trust funds require constant upkeep
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker who did not properly maintain trust fund records, and allowed the unauthorized withdrawal of trust funds.
California’s population is shortchanged on financial literacy
What buyers don’t know when boom times become recessions can’t hurt them, right? Wrong!
Communicating with home inspectors
The real estate agent and home inspector are crucial figures in a home for sale — but do they need to get along?
ARM-FRM crossover removes last support for home prices
The interest rate inversion has completely eliminated the appeal of ARMs — and the price support ARMs provided before the inversion.
The votes are in: Appraiser discrimination is rare — here’s how to spot it
While rare, firsttuesday readers report firsthand experience of discrimination during the appraisal process.
Natural hazard disclosures and the seller’s agent
Gone are the days of minimal or delayed property disclosures.
Errata & Updates
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.