Home Prices Are On Fire!!! - Los Angeles & South Bay Housing Market Update May 2021
In this video, real estate broker and consultant Mike Weber with the Weber Real Estate Team talks about what's happening in the Los Angeles and South Bay Beach City real estate markets for the beginning of May 2021.
Home prices continue to be on fire with massive appreciation and virtually no inventory to speak of and the market continues to notch up month after month. The government and Federal Reserve continue to aggressively stimulate demand in the market, while keeping a lid on inventory. We are likely experiencing just the beginning of the highly inflationary environment being championed by the Federal Reserve. Let's all hope we're not knocking on the door of hyper-inflation.