Aug. 11, 2022

Inventory Rises, Sales Soften - August 2022 LA Housing Market Update

Well folks, things have been continuing on trend from the last few months. Prices just barely eke out a gain, while inventory starts its rise. Pending sales and closed sales are plummeting. Generally speaking, in order to sell in this new market, sellers will need to price correctly out of the gate and/or make their homes more desirable and in many cases even be willing to jump through hoops we haven't seen for a long time. Buyers will be rewarded, assuming they qualify, with more options and less competition in their home search. The new market is upon us.

Contact us if we can assist with your real estate needs.

 

July 6, 2022

Prices Flatten, Sales Fall - July 2022 LA Housing Market Update

Prices Flatten, Sales Fall - July 2022 LA Housing Market Update

As a result of rising mortgage rates, the real estate market continues to cool off. Median home prices remain above last year's levels but are starting to flatten out. Closed and pending sales are both down significantly, and after far too long, we're finally seeing an uptick in inventory levels, which should be a welcome sight to buyers that have been having a tough time finding the right home. Watch the video to find out what's happening with pending sales, closed sales, median prices, and the supply of inventory.

Contact us if we can assist with your real estate needs.

June 6, 2022

Pending Home Sales Crash - June 2022 LA Housing Market Update

Pending Home Sales Crash - June 2022 LA Housing Market Update

 

We are either experiencing the calm before the great storm or a drastically more expensive and difficult housing market to come, as pending home sales crash, while home prices and mortgage rates rise substantially. This strong compound effect of higher prices and higher rates coupled with increasingly lower inventory and pending sales is sure to result in a challenging market ahead for both buyers and sellers.

Watch the video to find out what's happening with pending sales, closed sales, median prices, and the supply of inventory.

Contact us if we can assist with your real estate needs.

The Weber Real Estate Team

424-237-8570

BRE 01949818

May 4, 2022

Have Home Prices FINALLY Peaked? - May 2022 LA Housing Market Update

Have Home Prices FINALLY Peaked? - May 2022 LA Housing Market Update

With the Federal Reserve signalling a .5% rate increase today, will this finally push the housing market over the edge? Has housing finally peaked?

So far the objective data would not suggest a peak in home prices, but leading indicators and subjective data are pouring in already that things are cooling off quickly. Certainly, rates can't continue their march higher for much longer before we see weakness in the housing market like we've been seeing in the stock market.

Watch the video to find out my thoughts on whether we've hit a peak in the housing market.

Contact us if we can assist with your real estate needs.

The Weber Real Estate Team

424-237-8570

BRE 01949818

 

 

April 5, 2022

Home Prices Start Rising AGAIN – Apr. 2022 LA Housing Market Update

Home Prices Start Rising AGAIN – Apr. 2022 LA Housing Market Update

As we head into peak selling season, median homes prices have started to rise pretty substantially again in the county of Los Angeles, even in the face of higher mortgage rates. Inventory remains terribly low and shows no signs of improving anytime soon. Prices in the South Bay are still pretty flat, but as long as rates level off, they will likely soon follow the trajectory of the county as a whole. Check out the video to learn more!

 

Contact us if we can assist with your real estate needs.

The Weber Real Estate Team

424-237-8570

BRE 01949818

www.SouthBayOnSale.com

 

March 4, 2022

Home Prices Flatten – Mar. 2022 LA Housing Market Update

Home Prices Flatten – Mar. 2022 LA Housing Market Update

In this video, I talk about how home prices have been gradually flattening out in L.A. County and the South Bay and how inventory remains low as well as a little about interest rates and how they may affect the housing market moving forward.

Contact us if we can assist with your real estate needs.

The Weber Real Estate Team

424-237-8570

BRE 01949818

www.SouthBayOnSale.com

Feb. 2, 2022

Mortgage Rates Rising – Feb. 2022 LA Housing Market Update

Mortgage Rates Rising – Feb. 2022 LA Housing Market Update

 

In this video, I talk a little about what's happening with mortgage rates and how that will likely affect the local real estate market going forward. I also discuss what's happening with median homes prices and inventory levels in Los Angeles County & The South Bay Beach Cities.

Jan. 16, 2022

How Much Down Do You REALLY Need To Buy A Home?

How Much Down Do You REALLY Need To Buy A Home?

 

In this video, I talk about how much money down you really need to buy a home. I'll go over several different financing options such as conventional financing, FHA financing, and down payment assistance programs and some of the pros and cons of each. I'll also discuss mortgage insurance and why it's not so bad after all.

Loan limits do exist for both conventional and FHA financing options, but they have consistently gone up year after year and allow most buyers many options for types of properties they can buy before having to qualify for jumbo and other loan types that typically require larger down payments.

Jan. 4, 2022

Housing Inventory Vanishes – Jan. 2022 Housing Market Update Los Angeles & South Bay

Housing Inventory Vanishes – Jan. 2022 Housing Market Update Los Angeles & South Bay

I talk about how housing inventory in Los Angeles pretty much vanished throughout 2021 and how this will affect the market going forward. Also learn about what happened with median homes prices in both Los Angeles & the South Bay Beach Cities.

 

Dec. 30, 2021

Los Angeles Real Estate Market Predictions 2022

Los Angeles Real Estate Market Predictions 2022

What is going to happen to real estate prices in 2022 in Los Angeles? Are they going to fall? Keep going up? Many people are already talking about the market crashing and have been talking about that for the last few years.

With the Federal Reserve indicating they're going to raise rates in 2022 and 2023 will this crash the housing market?

Find out my thoughts in this video and let me know what you think.