Home Prices Start To Cool Off - Nov. 2021 Housing Market Update Los Angeles & South Bay
The housing market begins to cool off. Zillow may be the canary in the coal mine with new data showing they're upside down on a large percentage of the homes they've been buying recently and shutting down all home purchases for the rest of 2021. For Los Angeles & the South Bay, inventory remains extremely low, while median home prices continue to retreat downwards from earlier highs. Should the Fed actually taper asset purchases in a meaningful way or should interest rates rise, all bets will likely be off for the housing market in 2022. Find out what's happening with home prices, inventory, and the number of sales making it to the closing table for Los Angeles County and the South Bay Beach Cities.
