There’s been mounting pressure by those participating in the market whether to buy or sell property, and everything you find on social media or on tv probably puts some fear in you. Don’t let it get to you! I bought a home this year and sold my last property last year. Even though I knew the market would slow because if you hold long enough, price appreciation will be made. Either way, its expected low single digit price appreciation will occur this year. Highest inventory since 2019.
- In LA COUNTY there are approximately still 13% fewer homes compared to the 3 year average between ’17-’19 and 25% fewer homes compared to the 3 year average for OC COUNTY.
- About 34-37% of all active inventory in LA and OC has price reduced at least once this year. DOM is growing.
- MEDIAN SALES PRICES -0.9% AND $900K FOR STATE WIDE.
According to Fannie Mae Pulsenomics they expect home price appreciation to be 3.4% and the cumalitive price over next 5 years to be 19%. REDFIN SHOWING 500K MORE US HOME SELLER STHAN BUYERS CHART. SHE BELIEVES VALUE TO FALL 1% IN 2025. IRONIC, HER FORECAST NEXT YEAR FLAT, THEN NEXT THREE YEARS 1% GAINS. 500K MORE SELLERS THEN BUYERS? WOW BULLSHIT. THEY CAME UP WITH FIGURES BYSAYING 1.943M SELLERS? DATA SHOWS INVENTORY AT 1.45M BUT OF THAT ABOUT 450K IS UNDER CONTRACT, AND ACTIVE LISTINGS AT 1,036,101. REDFIN OVERSTATING ACTIVE LISTING . Overstating by 900k
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