Home Prices Start To Taper? - Sept. 2021 Housing Market Update Los Angeles & South Bay
In this video, real estate broker Michael Weber talks about what's happening in the Los Angeles and South Bay Beach Cities real estate markets for the beginning of September 2021.
Although median home prices continued to remain relatively strong in the month of August, we did start seeing some noticeable tapering in prices in certain areas within the county. Additionally, this is in the face of extremely low housing inventory. It seems the stimulation from continued low interest rates and Fed bond buying has started to wane. I would imagine new ways to stimulate prices will be showing up soon. However, should the Federal Reserve actually raise rates or truly start tapering their bond buying programs, this may prove too much for the housing market to bear.
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.
The Weber Real Estate Team
mikeweberrealestate@gmail.com
424-237-8570
Broker Associate
BRE 01949818
