Homebuyers now lean on ARMs to cover lost purchasing power — and that crutch is about to vanish; Monthly Statistical Update (September 2022)

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.

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