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Here's What's Happening In The Market, Here’s What This Means For You
HUNKERING DOWN: 89% of Californians with a mortgage have a fixed rate of 5% or less. 71% have a rate of 4% or less. 29% have a rate of 3% or less. With rates around 7% today, more and more homeowners are opting to not move.
More Than a Third of U.S. Small Businesses Couldn’t Pay All Their Rent in October. https://link.socalmultifamilybroker.com/Asw7
Multifamily’s Imminent Down Cycle Is Overdue https://link.socalmultifamilybroker.com/AtrQ
Home prices are falling faster now than in 2006—Redfin’s CEO just revealed why https://link.socalmultifamilybroker.com/AtsT
Fed Hints It Might Slow the Pace of Future Rake Hikes https://link.socalmultifamilybroker.com/AvR8
Yardi Matrix Broadly Revises Multifamily Forecasts Down for 2022 and 2023 https://link.socalmultifamilybroker.com/AvRI
As Buyers and Sellers Haggle Over Pricing, Multifamily Lending Slows https://link.socalmultifamilybroker.com/AvRk
$17B of Office-Backed CMBS Due in 2023 https://link.socalmultifamilybroker.com/AwKL
Interest Rate Increases Lead to Commercial Property Price Declines https://link.socalmultifamilybroker.com/AyvE
Chart showing % of residents paying over $1,000/month for their cars.
Orange County
List of Closed Sales
Southern California
List of Closed Sales