Analysis of how rapidly rising mortgage rates are crushing affordability and cooling demand.
By Paul MyersMortgage rates jumping above 4.5% crushed buyer affordability overnight -- a $500K home's monthly payment increased $400-500, buying power dropped 10%+, and the market began cooling. This rate shock is the biggest single factor reshaping Southern California real estate right now.
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Rate shock impact? Affordability critical. Contact me.
Understanding real estate market cycles, boom and bust patterns, and predicting market direction.
Read more about Real Estate Market Cycles: Recognizing Patterns and Predicting Trends
Understanding seasonal real estate patterns, buyer activity, and optimal timing for buying and selling homes.
Read more about Seasonal Home Sales: Best Times to Buy and Sell
Using repeat sales data to analyze market trends, price appreciation, and real estate cycles.
Read more about Repeat Sale Analysis: Understanding Market Trends and Appreciation
Contact Paul Myers for professional home appraisals throughout Southern California.