California home sales volume started 2023 with the lowest numbers since the Great Recession.
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
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Stagflation woes put California’s housing market on alert
Will stagflation rear its ugly head again in 2023, pushing the housing market deeper into recession?
Homebuyers recede as 2022’s mortgage rate tsunami ends
As long as buyers are limited by rising mortgage rates, the seller’s list price is the only moveable part in the transaction.
Surrender cancels the lease agreement
When a tenant materially breaches a lease agreement, the landlord may complete a surrender, in which the landlords accepts a return of possession from the tenant in exchange for cancelling the lease agreement.
A property’s energy consumption: known and demanded in a recession: Part 1
During a recession, buyers have the luxury to pick over every aspect of a home – including its energy costs.
California home sales volume in 2022 began the purge of pandemic distortions
The number of homes sold in December 2022 was a devastating 44% below a year earlier.
Property exchanges when Cash is King
Agents who want to stay a step ahead during the housing market downturn will become versed in property exchanges.
Rent collectible under a lease agreement
When a tenant commits a material breach of the lease agreement, possession may terminate. However, the landlord’s right to collect rents throughout the term of the lease remains.
Home Builders struggle to find the silver lining in 2022-2023 housing market
Builder confidence in single family residence (SFR) construction fell each month in 2022 – but there is a bright spot.
The danger of high appraisals in a spiraling housing market
A high appraisal has long stakes for homebuyers – and lenders.
A balance sheet real(i)ty check
Learn how to use a balance sheet for a discussion with your homeowner clients about their assets and debts.
Press Release: Buyer Purchasing Power Index ends 2022 31% below a year earlier
California homebuyers are able to borrow 31% less than a year earlier due to higher interest rates alone.
Ready to get ahead of the recession?
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