Pending Home Sales Crash - June 2022 LA Housing Market Update
We are either experiencing the calm before the great storm or a drastically more expensive and difficult housing market to come, as pending home sales crash, while home prices and mortgage rates rise substantially. This strong compound effect of higher prices and higher rates coupled with increasingly lower inventory and pending sales is sure to result in a challenging market ahead for both buyers and sellers.
Watch the video to find out what's happening with pending sales, closed sales, median prices, and the supply of inventory.
Contact us if we can assist with your real estate needs.
The Weber Real Estate Team
424-237-8570
BRE 01949818
