Are you buying a house or selling a house and wondering what is happening in the California Real Estate Market? Will house prices continue to appreciate for the rest of 2021? When will we see more inventory come to the market? Will low supply and higher buyer demand continue to drive the market? I discuss all of these questions in my latest California Real Estate Housing Market Update
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Articles mentioned in this video – March Home Sales and Price Report –
0:00 – What’s going on in the California Real Estate Market?
1:25 – Why are house prices going higher while sales are declining?
3:00 – Why is inventory so low?
4:00 – California median home price
5:08 – Why are we seeing home sales decline?
5:40 – California’s median home price set another record
6:43 – What’s happening across all major regions in California
9:00 – Why are homes selling so quickly for more than they are listed
10:30 – What’s going on with active inventory
11:37 – Where’s the data?
12:11 – Where are house prices in Orange County, CA
What are your thoughts on affordability? Is affordability in the housing market really an issue since you have buyers still willing and able to pay those home prices? How do you think the rise in house prices 2021 is going to affect the housing market? What are you thoughts on a housing market crash? How long do you believe this can go on? Let me know in the comments below.
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Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
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