With the economy several months deep into the 2020 recession, this summer has seen surprisingly high competition from homebuyers.
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Browse the latest news, articles, marketing materials, videos, and forms impacting California’s real estate market today.
Additional refinancing fees delayed
The Adverse Market Refinance Fee has been delayed until December 2020, and interest rates sigh in relief.
Commercial lending plummets in 2020
The Mortgage Bankers Association (MBA) forecasts a 59% decline in commercial loan origination amounts in 2020 for a total of $248 billion.
Low interest rates have inflated prices, but the boost is coming to an end; Monthly Statistical Update (September 2020)
Sales volume’s magnetic pull on home prices; The mean price trendline: the home price anchor; The higher risk and lower purchasing power of a small down payment
Foreclosure moratorium extended by FHA, Fannie Mae, Freddie Mac
HUD and the FHFA have announced an extension of the foreclosure moratorium for single family homes through the end of 2020.
Letter to the editor: Why are prices still rising even though we’re in a recession?
Several housing market factors are acting to buoy home prices in 2020, including low inventory, few distressed sales and historically low interest rates.
Will expiring CARES Act protections trigger a foreclosure wave?
Without legislation, the foreclosure moratorium will dam up the foreclosure inventory, to be released once the moratorium is lifted and the floodgates are opened.
Homebuilding is key to the next recovery
This article discusses the importance of residential construction in California’s economy, and the special part it has to play in the recovery from the 2020 recession.
Sales volume: a powerful magnet for home prices
Home sales volume movement impacts tomorrow’s home prices.
Letter to the editor: Does RPI (Realty Publications, Inc.) provide COVID-19 forms?
RPI does not publish forms to be used specifically during the coronavirus (COVID-19) pandemic and endorses other practices to ensure a safe and timely transaction.
New guidelines for real estate agents during COVID-19
The coronavirus (COVID-19) pandemic is forcing brokers and agents to adapt to new business guidelines instituted by health officials.
Buyer purchasing power props up home prices, for now; Monthly Statistical Update (August 2020)
Buyer Purchasing Power Index (BPPI) rises with falling interest rates; Home sales volume succumbs to economic pressure; Home prices continue to defy gravity
Context is key
Learn the 25 factors that drive California’s real estate market to better understand today’s top news stories.
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