The Consumer Price Index moved up 0.1% in May. This represents a 3.2% year/year rate, but is only 1.2% if annualized. The biggest decrease was 11.5% for energy prices, countered somewhat by a 5% rise in food prices. Shelter prices...
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There is greater proof that many of our parents were right when they impressed upon us the value of homeownership. The controlled housing expense established with a purchase, sense of security over the long term, and forced savings created with...
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A national look at inflation shows a continued slow descent from our June 2022 peak of 9.1% annualize rate. The mid-May report from the US Bureau of Labor Statistics shows the Los Angeles – Long Beach – Anaheim region at...
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An indicator of housing strenth, 15-18% of the Gross Domestic Product is supported by the housing industry. This is brought about through two main categories that were pointed out in a First American Title REconomy Podcast (March 9, 2023). Odeta...
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Prices, rates, and incomes. We know that incomes will drive housing prices quicker during recessionary times as incomes will decline quicker than they will rise. Inflation can act as a decelerator on wage increases. We have seen the impact of...
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We have heard people say that they’ll wait for the elevated home prices to crash before they re-enter the market. A couple of factors work against this happening in reality and psychologically. 1. Home equity is too substantial for most...
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Southern California focused Housing Reports by Steven Thomas argues against any drastic housing implosion in 2023. This view is consistent with most housing economists. It is based on the high equity position of homeowners coupled with the comparatively low housing...
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Chapman’s Business forecast joined the consistent chorus of economists anticipating a mild to moderate recession by mid to late 2023. One common predictor used was the drop of the 10 year Treasury Bond below the Federal Funds Rate. A cross...
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If you are shopping for a loan to buy or to refinance an existing mortgage, make sure you truly understand your loan product. Know not only how many years it is amortized for, but also when is the loan due....
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The Sunday June 9th headline in a local paper quoted “Reports On Housing” reports that inventory in the 4 county southland of Los Angeles, Orange County, San Bernardino and Riverside, rose substantially to 36,335 as of May 30th, up from...
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Home sales posted a fourth consecutive gain in Orange County. Bouncing off a 12-month low, we have seen a climb to 2,128 homes sold in May. This is still about
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