Along with a deep cut to home price potential, 2022’s rapidly rising interest rates are causing sales to stall.
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Fast rising mortgage rates chill real estate for all participants; Monthly Statistical Update (May 2022)
Mortgage interest rates leap, toppling buyers until prices drop; Lured by temporary price reports, new agents pour in during 2021; ARM use to rise with FRM rate jump
Can the Fed cool inflation without implementing another recession?
The tipping point for another recession is nigh.
California’s home remodeling boom set to peak in 2022
A home renovation boom is stirring up in 2022, escalating the already inflated costs of building materials and labor.
Q1 2022 Buyer Purchasing Power Index falls further into negative territory
Rapidly rising interest rates caused the BPPI figure to slip to -12.7 in March 2022 – and falling.
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.
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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