2023 is seeing fewer independent brokers and more broker associates.
Recession 2020
It’s official — the 2020 recession is over. So why isn’t the economy back to normal? firsttuesday sketches out the shape of the housing market beyond the pandemic.
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The 2020 recession was the shortest ever — but its effects continue in the housing market
Latest posts
California home sales volume: June 2023 sees an end to seasonal bump
Year-to-date, sales volume is a fee-crushing 31% below 2022 as of June 2023.
Risk management practices by the sellers agent in a declining market
In times of softening home prices, the sellers agent will need to be even more sure to provide the buyer with property reports and disclosures.
Mortgage payments jump — and misguided buyers feel driven to overpay
Today’s homebuyers remain undeterred by rising interest rates, still-high home prices and slowing sales.
Press Release: Despite steady gains, Q2 2023 Buyer Purchasing Power Index still negative
The typical mortgaged homebuyer is able to borrow 11% less purchase-assist mortgage money than a year ago due to higher interest rates alone.
California home sales volume: A weak seasonal bump for May 2023
California home sales volume in May 2023 was up 22% from the prior month – but down 22% from a year earlier.
Home equity declines since June 2022
California homeowners lost an average of $60,000 in equity over the past year.
The mean price trendline: guidance for when to sell
Sellers who are going to sell within the next five years need to be advised to sell now, not wait.
The “right” interest rate is the market rate — higher than homebuyers think
Waiting for mortgage rates to drop to the “right” level is mental joy riding.
Landlords fight rising vacancy rates
While the supply-and-demand imbalance is heading in the right direction — toward stabilization — the rental market is still a long way from normal.
California home sales volume: Spring housing demand evaporates as price drop pauses
For the second year in a row, California home sales volume peaked early, falling back in April 2023.
Commercial mortgage lending slides in 2023
MLOs betting their income on commercial and multi-family lending in 2023 will be disappointed.
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