×
Industry 360°

Housing Market Forecast

The latest market forecast and projection to what lays ahead.


Data & Statistics

View the latest sales and price numbers. Find out where sales will be in upcoming months.

Current Sales & Price Statistics Housing Affordability Index - Traditional Historical Housing Data
Housing Matters Podcast

The all-new Housing Matters Podcast is your housing hub for market analysis, economic trends, and housing news.


Stay Connected

Stay connected with the latest releases by subscribing to the products and services that interest you.


Interactive Market Stats

Gain insights on California's housing market through interactive dashboards. Select your metrics and see where the data takes you.

Buyer's Guide Housing Market Overview Listings Luxury Market Market Stats by County Home Price Fundamentals
Speeches & Presentations

From outreaches to webinars, the Research and Economics team is sharing their insight on the market and the economy.


Surveys & Reports

Californians are surveyed annually to gain insights on the housing market from their persepective.


Market Minute - November 11, 2019

Get a roundup of weekly economic and market news that matters to real estate and your business.


CAR Interboard Arbitration

Looking for information on how to file an interboard arbitration complaint?  You've come to the right place!  Find the rules, timeline and filing documents here.


Model MLS Rules/Materials

California Model MLS Rules, Issues Briefing Papers, and other articles and materials related to MLS policy.


Online Training for Professional Standards Volunteers

These volunteer training courses are for members who will be part of Board of Directors, grievance committees and hearing panels at local associations.


Code of Ethics Violators

Summaries and photos of California REALTORS® who violated the Code of Ethics and were disciplined with a fine, letter of reprimand, suspension, or expulsion.


Statewide MLS Initiative

An explanation of C.A.R.'s position on MLS consolidations in general and a statewide MLS in particular.


NAR Code of Ethics

The most recent edition of the Code of Ethics and Standards of Practice of the National Association of REALTORS®.


Professional Standards Materials

The California Professional Standards Reference Manual, Local Association Forms, Interboard Arbitration Rules, and other materials related to Code of Ethics enforcement and arbitration.


Legislation

C.A.R. advocates for REALTOR® issues in Washington D.C., Sacramento and in city and county governments throughout California.


PACs and RAF

CREPAC, LCRC, IMPAC, ALF and the RAF comprise C.A.R.'s political fundraising arm.

REALTOR® Action Fund
Politics and You

Learn how you can make a difference, by getting involved yourself or by passing along valuable information to your clients.

Get Involved Homeowner Legislative Facts Rent Control Op-ed
Arbitration Rules

California Code of Ethics and Arbitration Rules and external link to JAMS Arbitration service.


Recent Legal Developments

Summaries of legislation and regulation effecting REALTORS® and updates on news relevant to REALTORS®.


Real Estate Cases and Other Legal Resources

Important industry cases, resources and information


Legal Matters Podcast

The Legal Matters Podcast is the official podcast of the California Association of REALTORS® Member Legal Services Department.


Miscellaneous/Contacts

Current legal developments, C.A.R. legal products and services.


CLOSE

Market Minute - November 11, 2019

What is This?
Add a quick link to this page from the Homepage when you are signed in
Share Article

Housing/Real Estate Market 

LA rents hold steady in November: Rents in Los Angeles declined 0.1% over the past month but grew at a steady pace of 0.4% when compared to the same time last year. The current median rent stands at $1,370 for a one-bedroom apartment and $1,760 for a two-bedroom.


Macro Economy

Factory orders down two consecutive months: U.S. factory orders fell an overall 0.6% in September. Comprising a drop in orders for durable goods, which fell a revised 1.2%, meanwhile nondurable goods orders rose a scant 0.1% in the same month amidst rising economic uncertainty.

U.S. trade deficit dropped to 5-month low: The nation’s trade deficit fell 4.7% from a revised $55 billion in August to $52.5 billion in September. Despite the decline, the nation’s deficit is still on track to post an even larger trade gap in 2019 than it did in 2018.

ISM Non-manufacturing index climbs to 54.7% from 52.6%: The service side of the U.S. economy rebounded in October after tapering off the month prior to a 3-year low. The service index is currently down 6 points from last year’s postrecession peak, but its growth has been enough to insulate the U.S. economy from the broader global economic slowdown.

Job openings fell for 4th consecutive month: The U.S. economy added fewer jobs in September as openings slipped for the 4th month in a row to 7.02 million from 7.3. Opening have been declining as companies are cutting back on hiring, as a result of a slower growth economy nationally as well as abroad.

U.S. productivity fell in Q3 for the first time since 2015: American workers were less productive in Q3 for the first time in almost 4 years, reflecting a cutback in production as the U.S. economy slowed toward the end of summer. Productivity declined at a 0.3% annual rate from July to September and without more business investment, it might just backslide further.

Consumer credit grew at an annual growth rate of 2.8%, the slowest rate in 15 months: Consumers pulled back on credit-card use for the second straight month, even as overall credit expanded. This marks the slowest pace since June 2018.

Weekly jobless claims fell to 1-month low: The number of people who applied for unemployment benefits fell to 211,000 clinging near its 50-year low even as economy slows.    


Real Estate Finance

Mortgage rates fall back: The 30-year fixed-rate mortgage (FRM) decreased from 3.78% the week prior to 3.69% the first week in November. The FRM is more than a 125 basis points lower than the average of 4.94% recorded a year ago.

Mortgage applications dip from a week earlier: Mortgage applications decrease 0.1% from the week prior even as mortgage rates fell back. The refinance index increased 2% from the week prior and jumped to 144% higher than a year ago. New purchase applications decreased on a weekly basis by 3% but remained 7% higher than last year. With rates substantially lower than what it was at the end of 2018, we should continue to see solid year-over-year gains in purchase applications as well as refinance in the upcoming weeks.


Past Market Minutes
November 4, 2019 - Pending home sales rise, unemployment rate rises, mortgage rates inch up
October 28, 2019 - Dip in national home sales, jobless claims fall, mortgage rates rise to highest point in 12 weeks
October 21, 2019 - Low rates boost up home sales, builders are optimistic and California sees solid job growth
October 07,2019 - Housing market expected to continue growing albeit at lower pace following suit to the macro economy


For previous weeks visit our archive folder.


FEEDBACK
Top Searches