Los Angeles & South Bay Jan 2020 Housing Market Update - Housing Market Melts Up!

In this video, Mike Weber discusses where the Los Angeles and South Bay real estate market ended for 2019. Find out the latest trends in median homes prices, the supply of homes on the market, and how many of them are actually selling.

With extremely low rates, increasing maximum loan limits, more and more loan programs, and the Fed's funny money policies, the housing market is melting up just like the stock market and many other asset classes. Although we're seeing some early signs of weakness in different markets and looming recession indicators, the local housing market has headed off for the races again with median prices gapping up and inventory falling off a cliff.