Will Coronavirus impact the real estate market? The rapid growth of COVID-19 (“Coronavirus”) cases continues to create turbulence in the global economy and in domestic financial markets. Real estate experts will continue to monitor the…Continue Reading
The average 30-year fixed rate mortgage (FRM) rate fell to 3.62% in the week ending January 10, 2020. The 15-year FRM rate decreased slightly to 3.27%. FRM rates rose significantly in 2018, but fell back in 2019, now well…Continue Reading
The California Buyer Purchasing Power Index (BPPI) figure was +11.4 in December 2019. This positive figure tells us a homebuyer with the same income is able to borrow 11.4% more today than a year ago. The BPPI…Continue Reading
(& a Happy New Year!) New single-family home sales rose 1.3% in November, up 16.9% from a year ago. The 719,000 unit annual rate was a tick off expectations, but the average pace of sales for the…Continue Reading
Southern California will need to make room for another 1.3 million more housing units over the next 10 years, with the coastal cities of Los Angeles and Orange counties the preferred destination rather than inland…Continue Reading
Delivering the facts and trends of the most relevant market activities as they unfold in the PV and surrounding real estate communities.