07/01/2022
It has been awhile since I posted! Is there a market happening soon?😯 Well, here is my professional opinion as a Realtor/Appraiser.🏡
Well, there is no crash happening anytime soon, especially in Southern . Unfortunately, there is just not enough houses for sale to keep up with buyer demand. Unlike 2008, unemployment is low and the people that are buying homes are ACTUALLY qualified to do so. According to local data, there are fewer homes for sale than there were last year in the LA county area.
Home prices have been steadily rising every month this year despite the rising interest rates. The fed is going to raise interest rates 2 more times this year which means it will get more expensive buying a home. So if your able to afford a home right now, don't wait! If you do, you'll be paying unnecessary interest in the future.
Please message me if you have any questions about real estate!
California's Housing Market Forecast November's stats show sales actually increased, and demand is pushing into the condo market. In the central valley, it takes only 9 days to sell a home. Active home listings plummeted in November setting up perhaps more price pressure in December or post-Omicron....
