A great migration from the Golden State to less costly states is underway. Which demographics are moving out and what are their motivations for packing up?
Recession Watch
Featured pages
Market Charts
ft Local
Surviving the Recession
Economic Timeline
Latest posts
Browse the latest news, articles, marketing materials, videos, and forms impacting California’s real estate market today.
These California metros risk housing crash during the recession
Many of the markets at greatest risk of a full-blown housing crash are located here, in California.
Home defects face greater scrutiny in 2022’s cooling market
Today’s sobered homebuyers have greater liberty to leverage home defects to justify a price cut than they did the last two years.
Failing to qualify, or just cold feet? More homebuyers backing out of deals in 2022
June 2022 saw the most escrow cancellations since the 2020 pandemic disruption.
Mortgage application volume hasn’t been this low since 2000
For the first time in years, independent mortgage brokers reported net losses in Q2 2022.
Landlords nationwide plan rent increases over the next year
California’s cost-burdened tenants will need to tighten their belts another notch since nearly three quarters of landlords plan to increase rent over the next year.
Home sellers unable to buy in 2022
Is it “timing the market” or an inability to buy that’s causing more sellers to become renters?
Homebuyers turn to ARMs in 2022 as FRM rates jump
ARM rates remain below FRM rates – for now.
The pandemic response is over, and urban housing is back
Demand if shifting in California’s post-pandemic response market. Desirable areas for living will continue to change, and urban housing is making a comeback.
California’s home sales volume decline is fully underway as of June 2022
June 2022 saw the third month in a row of decreasing sales, atypical for the spring sales cycle.
Appraisals in a declining market — and why it matters in 2022
After two years of rapid price increases, appraisers will need to make a quick shift when prices dive later in 2022.
Consumer sentiment plummets as recession looms large
Consumer confidence serves as the North Star in a constellation of economic warnings.
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
Ready to get ahead of the upcoming recession?
For over 40 years, firsttuesday has been DRE-approved to provide quality, California-specific real estate licensing and renewal courses.