Agents need to be aware of the maximum dollar amount the seller is entitled to receive upon a buyer’s breach – especially when home prices are falling.
Recession Watch
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Browse the latest news, articles, marketing materials, videos, and forms impacting California’s real estate market today.
Fewer new listings as California’s for-sale inventory dips
The number of new listings is down dramatically across California’s major metros.
California home sales volume inches forward in March 2023
After a year of steadily decreasing sales, California home sales volume is struggling without a rebound in 2023.
Bankruptcy’s tie to homeownership
Bankruptcy numbers were artificially low in 2020-2021. Prepare for today’s zombie businesses to fold with the 2023 recession.
Property prices and cost of capital test buyer readiness; Monthly Statistical Update (May 2023)
Yield spread emboldens the recession factor; The jobs recovery is leveling out – no surprise; Interest rates for borrowing drive pricing
Loan production costs are drowning mortgage brokers
Just 32% of loan companies were able to remain profitable in 2022.
Make your own forecast: California home prices
Make your best guess on home price movement in the coming years with this interactive chart.
What you need to know about LA’s new “mansion tax”
Now that the mad scramble to beat the tax deadline is behind us, what do agents need to know about the new mansion tax?
Press Release: Q1 2023 Buyer Purchasing Power Index down 23% from a year earlier
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.
California home sales volume crawls higher in February 2023
Just 16,900 new and resale home transactions closed escrow in California during February 2023.
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
Context is key
Learn the 25 factors that drive California’s real estate market to better understand today’s top news stories.
Click to download Economic Trends in California Real Estate: Realty Almanac 2022-2024
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