Using the yield spread to forecast recession and recovery conditions
The yield spread indicates the likelihood of a recession or recovery one year forward.
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Tag: recession
The Entry of New Agents
Watch to anticipate the training agents need when entering the real estate profession.
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Hiring Newly-Minted Real Estate Agents in a Recession
Watch to discover the enhanced learning opportunities uniquely made available to licensees during a recession.
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Negative equity and foreclosure
When does strategic default make sense for a negative equity homeowner?
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Despite Q4 2023 FRM rate slippage, Buyer Purchasing Power remains negative
Today’s homebuyer is limited to borrowing 9.7% less mortgage money than a year earlier due to higher interest rates alone.
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California home sales volume: the slide continues in October 2023
Year-to-date home sales volume is a fee-killing 29% below 2022 as of October 2023.
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Financial risk is high in these California metros
In terms of financial safety, most California metros rank low, with the housing market to blame.
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California home sales volume: downturn solidifies in September 2023
California home sales volume in September 2023 was down 14% from the prior month — and down 20% from a year earlier.
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No one wants to sell — does that mean the renovation revolution is here?
Would-be renovators are finding themselves wedged between a rock and several hard places.
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Price cuts moderate during spring bump, with more to come
Any seller confidence gained during spring’s meager seasonal boost is premature.
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Form-of-the-Week: Preliminary Proposal and Exchange Agreement — Forms 170 and 171
An agent uses RPI Forms 170 and 171 to propose an exchange of properties to another agent and to negotiate the exchange of properties.
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California home sales volume: June 2023 sees an end to seasonal bump
Year-to-date, sales volume is a fee-crushing 31% below 2022 as of June 2023.
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Press Release: Despite steady gains, Q2 2023 Buyer Purchasing Power Index still negative
The typical mortgaged homebuyer is able to borrow 11% less purchase-assist mortgage money than a year ago due to higher interest rates alone.
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Home equity declines since June 2022
California homeowners lost an average of $60,000 in equity over the past year.
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California home sales volume: Spring housing demand evaporates as price drop pauses
For the second year in a row, California home sales volume peaked early, falling back in April 2023.
Read More![MLO Recession Side Hustle Guide [e-book]](https://journal.firsttuesday.us/wp-content/uploads/MLO-ebook-title-page-627x376.png)
MLO Recession Side Hustle Guide [e-book]
Learn how mortgage origination providers will survive the ongoing downturn in mortgage originations with this RPI ebook.
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California home sales volume inches forward in March 2023
After a year of steadily decreasing sales, California home sales volume is struggling without a rebound in 2023.
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California home sales volume broke another decade low in January 2023
California home sales volume started 2023 with the lowest numbers since the Great Recession.
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Verify seller’s property disclosures: retain a home inspector
How a buyer confirms the disclosure of property conditions – and how the buyer may require the seller to correct defects, adjust the sales price, or recover costs after closing.
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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?
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