The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

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Mortgage

High cost of California housing driving resident exodus

Middle-class priced out in many California markets

The high cost of living in California is forcing many California residents out of the state to find affordable housing, according to a new report from the Los Angeles Times.

According to the LA Times report, nearly 75% of those who have left California for other states since 2007 earn less than $50,000 a year. And the impact is felt more severely among lower-income residents.

From the LA Times report:

For those making $40,000 to $49,999, for instance, the net loss of population is 15,403 residents since 2007. The loss is 22,754 residents in the $30,000 to $39,999 range, then more than doubles to 46,318 residents in the $20,000 to $29,999 range.

Experts have identified the rising cost of California housing, which boasts many of the nation’s most expensive markets, as the main reason people are leaving the Golden State for greener pastures.

"It's getting harder and harder for the middle-class Californian to buy a home," said Jordan Levine, director of economic research at Los Angeles' Beacon Economics, who points to the migration trends as a major hurdle for the state's future economic growth. "People just keep looking for ways to maximize that residential dollar. That attracts people to inland areas of the state and to other states."

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3d rendering of a row of luxury townhouses along a street

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