Rapidly rising interest rates caused the BPPI figure to slip to -12.7 in March 2022 – and falling.
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Browse the latest news, articles, marketing materials, videos, and forms impacting California’s real estate market today.
California mortgage relief program provides second chance in delinquency
California’s mortgage relief program is open for applications. Find out why your eligible clients will want to apply early.
Today’s first-time homebuyers are priced out of buying — and also renting
As first-time homebuyers try to muscle their way into today’s highly competitive housing market, many are finding themselves priced out of buying — and renting, too.
Employment and wages highest hurdles for Millennial first-time homebuyers
The American Dream of homeownership is out of reach for the average Millennial, especially in California. What will it take to restore the dream?
February 2022 California home sales volume: Disappointment as rising trend reverses course
31,800 new and resale home transactions closed escrow in California during February 2022.
Jobs still lagging, savings rates fall; Monthly Statistical Update (April 2022)
Jobs are still climbing out of the recessionary pit; Personal savings — back to normal and falling; Yield spread forecasts no double dip recession — for now
As California’s rent relief funds run low, fraudsters rush to pilfer cash
As California’s rent relief program runs empty on key money, fraud claims will need to be minimized.
COVID-19 eviction noticing rules extended for ERA applicants
A last-minute law change is extending the additional steps landlords need to take to evict a tenant due to nonpayment of rent.
First-time homebuyers and households of color most impacted by interest rate hikes
Absent a decrease in demand (unlikely), first-time homebuyers, and particularly homebuyers of color, stand to lose the most from 2022’s rising interest rates.
Zillow Offers’ failure is a warning to today’s speculators
Real estate giant Zillow entered a hot and unpredictable housing market as a speculator experimenting with iBuying and got burned, reporting a total net loss of $530 million in 2021.
Lured by rising prices, new agents swarm real estate — except in California
California’s unstable transactional volume makes real estate a tough career for agents seeking a reliable income.
The Federal Reserve’s impact on mortgage rates
Learn how the Fed is using their benchmark rate as a monetary policy tool to restrain levels of borrowing in 2022.
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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