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The blog is for informational purposes only. Readers are encouraged to do their own research and due diligence regarding their financial and legal decisions. The blog should not be used as a substitute for legal advice from a licensed professional attorney, and readers are urged to consult their own legal counsel on any specific legal questions concerning a specific situation.
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fractalinfinite
Feb 13, 20241 min read
California Weekly Market Data ending February 12, 2024
Housing affordability remains at 16-year low in the fourth quarter of 2023 With home prices expected to rise in 2024, affordability will...
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fractalinfinite
Feb 5, 20241 min read
California Weekly Market Data for week ending February 5, 2024
Fed Holds Rates Steady but Warn They May Be Slow Coming Down a robust jobs report swiftly pushed the 10-year rate beyond 4%, and the...
48 views0 comments
fractalinfinite
Jan 30, 20241 min read
California Weekly Market Data for week ending January 29, 2024
Mortgage Rates Are Still Below 7% While numerous homeowners currently enjoy mortgage rates below 3%, those with rates at 5% or higher...
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fractalinfinite
Jan 23, 20241 min read
California Weekly Market Data For week ending January 22, 2024
California home sales remain stagnant at the end of 2023 With rates easing in late 2023, home sales are likely to pick up in January and...
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fractalinfinite
Jan 16, 20241 min read
California Weekly Market Data for week ending January 15/24
Inflation rises more than expected in December Looking ahead, the headline CPI should decline further in coming months and will likely...
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fractalinfinite
Jan 9, 20241 min read
California Weekly Market Data ending January 8/24
Mortgage rates go up slightly to start off 2024 Despite the recent downward trend in rates, the latest purchase application index...
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fractalinfinite
Dec 11, 20231 min read
California Weekly Market data for week ending December 11, 2023
Consumer sentiment surges and inflation expectations plunge With inflation easing and interest rates dropping to the lowest level in four...
42 views0 comments
fractalinfinite
Dec 5, 20232 min read
California Weekly Market Data for week ending December 4, 2023
Conforming loan limits up for 2024 As conforming loans typically have lower interest rates than non-conforming loans, the increase in the...
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fractalinfinite
Nov 28, 20232 min read
California Weekly Market Data for week ending November 27, 2023
Mortgage rates slide down to the lowest level since late September While mortgage demand is still below the historical norm, the increase...
48 views0 comments
fractalinfinite
Nov 20, 20232 min read
California Weekly Market Data for week ending November 20, 2023
Mortgage rates drop for 3rd consecutive week After rising sharply for nearly two months straight, Freddie Mac’s average 30-year...
47 views0 comments
fractalinfinite
Nov 14, 20232 min read
California Weekly Market Data for week ending November 13, 2023
Affordability down to 16-year low as interest rates surge to two-decade high Compared to the previous quarter, affordability declined in...
44 views0 comments
fractalinfinite
Nov 7, 20231 min read
California Weekly Market Data ending November 6, 2023
The Fed decides to pause on rate hike for the second time in a row After the close of the November FOMC meeting, the Federal Reserve...
42 views0 comments
fractalinfinite
Oct 31, 20232 min read
California Weekly Market data for week ending October 30, 2023
New home sales remain on an upward trend Despite mortgage rates hitting two-decades high in recent weeks, new home sales continued to...
47 views0 comments
fractalinfinite
Oct 23, 20232 min read
California Weekly Market data for week ending october 23, 2023
Benefits of homeownership still alive and well The Federal Reserve released its 2022 Survey of Consumer Finance report last week, which...
38 views0 comments
fractalinfinite
Oct 16, 20232 min read
California Weekly Market Data ending October 16, 2023
Core inflation continues to moderate but at a slow pace Consumer prices rose more than expected with the headline inflation increasing...
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fractalinfinite
Oct 10, 20232 min read
California Weekly Market Data for week ending october 9, 2023
Strong jobs numbers stoke concerns over another rate hike Although this portends a slow decline in inflationary pressures as labor...
47 views0 comments
fractalinfinite
Oct 3, 20231 min read
California Weekly Market Data ending October 2, 2023
Congress avoids shutdown and passes stopgap bill A deal came together a few hours before the deadline and Congress averted a government...
41 views0 comments
fractalinfinite
Sep 26, 20231 min read
California Weekly market data ending September 25, 2023
Unemployment claims show labor market still tight Although tightness in the labor market has been a source of upward pressure on...
33 views0 comments
fractalinfinite
Sep 19, 20232 min read
California Weekly Market Data ending September 18, 2023
California home sales dip again as rates soar to a 22-year high With rates staying elevated and above 7% in recent weeks, sales are...
38 views0 comments
fractalinfinite
Sep 12, 20232 min read
California Weekly Market Data ending September 11, 2023
Lack of affordability and tight supply keep homebuyer confidence at low level Those who believed that it is a good time to buy remained...
36 views0 comments
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