The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions.
In the September 2022 MSU, we cover:
- the leveling of California home prices, with prices barely rising in May 2022;
- ARM rates, which have increased rapidly in 2022, soon to surpass FRM rates; and
- the widening mortgage rate spread, which indicates lenders are building up their risk premiums in anticipation of future rate increases — and mortgage defaults.