The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions.
This month, we’re covering:
- the rising Federal Funds rate, which is directly causing adjustable rate mortgage (ARM) rates to jump in 2023;
- rates on mortgage insurance from private insurers contrasted with the FHA, making mortgage borrowing even more expensive for homebuyers lacking a full 20% down payment; and
- values and returns on real estate investment trusts (REITs), which have plunged following the rapid pandemic-era price hikes.
Download the Monthly Statistical Update