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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Tag: mortgage interest rates
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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Bidding wars decline nationally, remain high in California
Bidding wars have returned to pre-pandemic levels, declining on a national scale — California’s bidding wars remain high.
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POLL: Do you think mortgage interest deductions encourage buyers to pay a premium price for a home?
This week’s poll inquires readers about housing prices and mortgage interest deductions!
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Low interest rates are keeping homes off the market
Homeowners take advantage of low interest rates to refinance their homes, reducing opportunities for homebuyers.
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The votes are in: Readers predict the home price bubble will burst in the second half of 2022
A recent firsttuesday poll asked readers when they believed today’s sales price bubble in real...
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Lumber prices drop, builders remain cautious
Lumber prices continue to experience volatility, affecting homebuilder potential.
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Homebuyers and sellers bank on greater vaccine availability
The vaccine offers some relief, but it’s not the cure for a full recovery.
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2020 in review and a forecast for 2021
This article digests the major housing developments that occurred in 2020 and details firsttuesday’s forecast for 2021.
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Press Release: Q2 2020 Buyer Purchasing Power Index rises due to historically low interest rates
The Buyer Purchasing Power Index (BPPI) rose to +10.5 in the second quarter of 2020.
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Buyer Purchasing Power Index rises in Q4 2019 with falling interest rates
first tuesday’s 2020 forecast shows buyer purchasing power decreasing in the coming months.
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Press release: Buyer purchasing power index positive in Q2 2019
The California Buyer Purchasing Power Index (BPPI) figure was +6.2 in June 2019.
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California’s hottest markets are slowing down, fast
The average days-on-market is up significantly at the end of 2018.
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