Click here to Join the Movement to Display ‘Incarceration Nation’ on Billboards – Art Activism

Property prices and cost of capital test buyer readiness; Monthly Statistical Update (May 2023)

[embedded content]

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 yield spread, which recently hit its lowest level in decades, signaling a recession is imminent in the second half of 2023;
  • annual employment change, which continues to narrow, suggesting a negative turn is approaching; and
  • the influence of buyer purchasing power on home price movement, as catapulting interest rates cause sellers to bow to pressure — and prices to fall.

Download the Monthly Statistical Update

Download the customizable PDF version of the May 2023 MSU to share the latest market stats with your office and clients.

Plus, download Adobe Acrobat Reader to personalize this MSU with your image/logo and contact info — free!

Sign up to receive the best Underground art & real estate news in your inbox everyday.

We don’t spam! Read our privacy policy for more info.

This post was originally published on this site