Los Angeles & South Bay August 2020 Housing Market Update - Panic Buying Hits Real Estate
South Bay Real Estate Broker Mike Weber discusses the Los Angeles and South Bay real estate markets for the end of July 2020. In the last month, with a sudden spike in median home prices, the real estate market has gone off the rails. We're starting to see panic buying in real estate just like we're seeing in the stock market. It appears the Federal reserve and government's intervention are working to stabilize markets and blow the asset bubbles even bigger in the face of the greatest economic turmoil the nation has ever experienced.
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.
