ARM-FRM crossover removes last support for home prices
The interest rate inversion has completely eliminated the appeal of ARMs — and the price support ARMs provided before the inversion.
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Tag: mortgage interest rates
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.
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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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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.
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California real estate: 2022 in review and a forecast for 2023
Read about the legislative changes and economic shifts which impacted real estate professionals during 2022 – and our forecast for 2023.
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As mortgage interest rates rise, concessions return
Buyers looking to recoup lost purchasing power are dusting off old strategies to secure a more comfortable monthly mortgage payment.
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Offering mortgage points? There are better ways to catch a buyer
The insides and outs of mortgage points – and better ways to entice buyers in today’s rising interest rate market.
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ARM use ticks higher as buyers overreach
With falling home prices and rates continuing to rise, today’s ARM buyers are purchasing a ticking time bomb.
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Press Release: Buyer Purchasing Power Index plummets in Q3 2022
Buyer purchasing power is 31% lower than a year earlier due to interest rate hikes alone.
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Still sinking, California home sales volume comes up for air in August 2022
After four consecutive months of decreasing sales, California home sales volume rebounded slightly in August 2022.
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California home sales volume tumbles in July 2022
California experienced its lowest July home sales volume in 27 years.
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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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May 2022 California home sales volume continues an unseasonal downward trend
Yet another month of lower sales volume is sounding alarm bells for sellers.
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April 2022 California home sales volume: an alarming spring decrease
The number of homes sold in April was 5% below the prior month and 10% below a year earlier.
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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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March 2022 California home sales volume: the slow, agonizing death of buyer enthusiasm
Along with a deep cut to home price potential, 2022’s rapidly rising interest rates are causing sales to stall.
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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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The Federal Reserve’s impact on mortgage rates
Learn how the Fed is using their benchmark rate as a monetary policy tool to restrain levels of borrowing in 2022.
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One-third of homes for sale are new construction
Total inventory is made up of one-third new construction, but what does this mean when inventory is still at a record low?
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