Tightened mortgage standards lock out mid- to high-tier homebuyers, sellers
Mortgage loan availability fell in July 2023 to its lowest level in a decade for non-qualified mortgages (QMs).
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Tag: buyer purchasing power
Today’s homeowners are stuck on yesterday’s rates
Sticky homeowners are unwilling to relieve the inventory shortage in 2023.
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The news media has the wrong take on mortgage rates
Media pundits in their coverage of today’s high mortgage interest rates ignore the 60-year cycle of rising and falling mortgage rates and the seller’s pricing response to rising and falling rates.
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San Diego housing indicators
View these charts for current activity and forecasts for San Diego’s housing market.
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Riverside housing indicators
View these Riverside regional charts for details on current activity and forecasts for its local housing market.
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Los Angeles housing indicators
View these Los Angeles regional charts for details on current activity and forecasts for its housing market.
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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.
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The source of home price movement: buyer purchasing power
Find out what today’s buyer purchasing power means for tomorrow’s home prices in California.
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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.
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Buyer purchasing power determines home prices — always
Little interest rate changes make a big difference in how much a homebuyer can pay.
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The boundless influence of Federal Reserve policies
Learn how the Federal Reserve influences interest rates – and California real estate transactions.
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The Fed bumps up rates again — the undeclared recession is here
After years of historically cheap mortgage money, the housing market is bracing for yet another rate increase.
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Press Release: Buyer Purchasing Power Index (BPPI) falls to new low in Q2 2022
Rising interest rates caused the Buyer Purchasing Power Index (BPPI) hit a decades’ low in Q2 2022.
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The votes are in: high interest rates curb home purchases
The votes are in! Taking a deeper look at a recent firsttuesday poll helps us forecast home prices.
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The housing market tips as ARM share rises, mortgage applications plummet
As interest rates have jumped, homebuyers in search of relief are embracing seductively low teaser rates.
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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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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.
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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.
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Mortgage applications rise even as interest rates jump
30-year fixed mortgage rates are increasing yet again, and homebuyers are trying to get in mortgage applications before rates hike up too high.
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POLL: In sales transactions negotiated this Spring, who will have the most influence on pricing?
This week’s poll asks whether buyers or sellers will be holding the power in sales transactions come Spring time.
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