Real Estate Prices Go Ballistic - October 2020 Housing Market Update

 

South Bay Real Estate Broker Mike Weber discusses the Los Angeles and South Bay real estate markets for the end of October 2020. In the last few months, housing prices have risen at a blistering pace, as a result of massive accommodation by the Federal reserve and state and federal governments. Although many smart people are predicting a real estate crash in the very near future, the current data indicate anything but that happening anytime soon. Inventory remains muted and closed sales make up for lost ground at the beginning of the year. Check out the video to learn more. 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.