Buyer purchasing power has plummeted 25% with interest rate hike
The abundance of mortgage money available to homebuyers has quickly dried up – and the drought will only worsen.
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by Carrie B. Reyes | May 23, 2022 | Economics, Forecasts, Market Watch, Real Estate | 0
The abundance of mortgage money available to homebuyers has quickly dried up – and the drought will only worsen.
Read Moreby ft Editorial Staff | Apr 19, 2022 | Charts, Economics, Interest Rates, Real Estate | 0
Rapidly rising interest rates caused the BPPI figure to slip to -12.7 in March 2022 – and falling.
Read Moreby Carrie B. Reyes | Jan 28, 2022 | Economics, Interest Rates, Real Estate, Recessions | 0
After years of stimulus injections and Federal Reserve (Fed) support, the government is taking off the training wheels in 2022.
Read Moreby Carrie B. Reyes | Jan 5, 2022 | Charts, Economics, Market Watch, Real Estate | 1
The California BPPI figure declined to -5.0 in December 2021, reflecting a 5% decrease in mortgage money available to homebuyers reliant on financing.
Read Moreby Carrie B. Reyes | Oct 1, 2021 | Charts, Economics, Real Estate | 0
While not yet negative, Q3 2021’s neutral BPPI figure reflects a worsening situation for homebuyers reliant on mortgage financing.
Read Moreby ft Editorial Staff | Jul 4, 2021 | Economics, Interest Rates, Real Estate | 0
The California Buyer Purchasing Power Index (BPPI) figure declined to +1.3 in June 2021.
Read Moreby ft Editorial Staff | Apr 4, 2021 | Charts, Economics, Interest Rates, Real Estate | 0
The Buyer Purchasing Power Index (BPPI) was +5.2 in March 2021.
Read Moreby ft Editorial Staff | Jan 1, 2021 | Economics, Interest Rates, Market Watch, Real Estate | 0
The BPPI was +13.4 at the end of Q4 2020.
Read Moreby ft Editorial Staff | Oct 8, 2020 | Charts, Finance, Real Estate | 0
The BPPI was +10.6 at the end of Q3 2020.
Read Moreby ft Editorial Staff | Jul 16, 2020 | Forecasts, Fundamentals, Interest Rates | 0
The Buyer Purchasing Power Index (BPPI) rose to +10.5 in the second quarter of 2020.
Read Moreby ft Editorial Staff | Apr 9, 2020 | Charts, Fundamentals, Interest Rates | 0
California’s Buyer Purchasing Power Index (BPPI) was +8.9 in Q1 2020.
Read Moreby ft Editorial Staff | Jan 4, 2020 | Charts, Interest Rates | 0
first tuesday’s 2020 forecast shows buyer purchasing power decreasing in the coming months.
Read Moreby ft Editorial Staff | Sep 28, 2019 | Charts, Interest Rates | 0
The California Buyer Purchasing Power Index (BPPI) figure rose to +10.1 in September 2019.
Read Moreby ft Editorial Staff | Jun 29, 2019 | Charts, Interest Rates | 0
The California Buyer Purchasing Power Index (BPPI) figure was +6.2 in June 2019.
Read Moreby ft Editorial Staff | Apr 2, 2019 | Charts, Interest Rates, Real Estate | 2
California’s Buyer Purchasing Power Index was positive 1.2 in Q1 2019.
Read Moreby ft Editorial Staff | Dec 30, 2018 | Charts, Interest Rates | 0
The BPPI was -7.97 in Q4 2018, indicating buyers were only able to borrow 7.97% less than a year earlier due to rising interest rates.
Read Moreby ft Editorial Staff | Oct 8, 2018 | Charts, Interest Rates | 0
The buyer purchasing power index continued to fall in Q3 2018.
Read Moreby ft Editorial Staff | Jul 1, 2018 | Charts, Interest Rates | 0
California’s Buyer Purchasing Power Index (BPPI) declined to -6.9 in June 2018.
Read Moreby ft Editorial Staff | Apr 15, 2018 | Charts, Economics, Interest Rates | 0
The California Buyer Purchasing Power Index (BPPI) figure was -2.37 in March 2018.
Read Moreby ft Editorial Staff | Jan 21, 2018 | Charts, Interest Rates | 0
The BPPI was briefly positive at the end of 2017.
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