Los Angeles & South Bay Mar. 2020 Housing Market Update - Coronavirus & Fed Rate Cuts
South Bay Real Estate Broker, Mike Weber, discusses the Los Angeles and South Bay real estate markets for the end of February 2020. Learn about the latest trends in median homes prices, the supply of homes on the market, and how many of them are currently selling.
With the Coronavirus picking up steam in the US, we can expect major health and economic implications moving forward. The Federal Reserve has jumped the gun and taken a 50 basis point rate cut in anticipation of the future economic impacts to the economy. Although it's too early to see any impact on the housing market, the big question is will this and the extreme likelihood of the Federal Reserve very quickly heading back to zero be enough to mitigate the upcoming economic toll as it moves its way through the economy. Or, will moving back towards extreme loose money policies continue to create even more inflation in home prices and the stock market moving forward. We'll be keeping a close eye on markets over the next few months to let you know how things unfold.
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