Housing Prices Experience "Transitory Inflation" - June 2021 Housing Market Update Los Angeles & South Bay
We continue to experience the effects of "transitory inflation" being ushered in by the Fed, along with the other effects of the Government's success in restricting the supply of housing while simultaneously doing everything possible to create artificial demand. We are, however, expecting to see some stimulative programs come to an end here in the next few months, which could finally lead to a needed increase in housing supply. Also, should the Fed ever decide to do the right thing about rising inflation, we could see an immediate cooling off in the real estate market. Until then, it seems business as usual is here to stay.
