California home sales volume
What’s a broker to do until home sales volume takes off?
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Category: Home Sales
California residential construction starts
Multi-family and SFR construction continue to lag behind demand for new housing.
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Median income households do not support 2024 home pricing
Across the state, median-income households cannot qualify to buy at today’ prices.
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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: more misses in November 2023
Just 18,800 new and resale home transactions closed escrow in California during November 2023.
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2023 in review and a real estate forecast for 2024
Review the the legislative changes and economic shifts which impacted real estate during 2023 and read our forecast for the property market in 2024.
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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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Today’s homebuyers settle in for the long haul
In a rapid shift amounting to whiplash for real estate agents, today’s homebuyers will need to own for years before they gain enough equity to move again.
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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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Homeowner insurance premiums aren’t so bad here in California — but coverage is hard to find
Outdated legislation limiting premium increases has caused major insurers to abandon California homeowners in recent months.
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Alternative fee structures to attract clients when home prices are falling
Sellers attempting to save money when prices are falling often turn to FSBOs – here’s how you can regain fee-adverse clients.
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Nine-in-ten homebuyers weigh climate risks when choosing a home
A detailed and complete NHD contains material facts about the property, about which the homebuyer needs to be informed ASAP.
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California’s for sale inventory: a symptom of seller reluctance in 2023
A shortage of willing sellers has sunk California’s for-sale inventory in 2023.
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Press Release: Negative Buyer Purchasing Power Index (BPPI) casts a shadow over home prices
Planning for the next several years in real estate transactions will require patience and a very different approach to the past decade of recovery economics driven by rate decreases.
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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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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 20% solution: personal savings rates and homeownership
How today’s low savings rates impact California’s real estate market.
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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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Orange County housing indicators
View these Orange County regional charts for details on current activity and forecasts for its local housing market.
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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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