The California real estate market stays hot. Inventory is building slightly, but still very tight. Rates have been coming down from a few months ago, offsetting some of the escalation of valuations. Many qualified buyers have been either priced out of the market, or have been frustrated losing out of the multiple offer scenarios, and are taking a breather.
At some point over the next few months, the market will slow down. Slowing from 100mph to 65 mph will feel like we’re crawling, but it’ll be a healthier market. Forget about a crash. They’re not building enough housing stock to handle the demographics and population growth, and loan underwriting has been tight over the past 11 years.
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me
Ron Henderson GRI, SRES, SFR, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
Chairman – OutWest Marketing Meeting (Real Estate Education)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth
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