Real estate values are based on basic economics. Supply and demand. Inventory is still low, but increasing at a good pace. Mainly because the quantity of sales are the lowest they’ve been since 2008. Activity is strong. Everyone knows interest rates are going up, and pent up buyers want to purchase before they jump. Property owners are realizing the rate of appreciation of their properties is slowing. Since fewer properties are underwater on their loans, it may be a good time to sell, and relocate.
If you are in the LA region, and have any specific questions, always feel free in contacting me through my website, or my email address shown below.
Real Estate market, Mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley