As many industry watchers predicted, the Federal Reserve account new interest rate hike for a third time in 2022 with a boost of 0.75 percent on June 15. The last time the Fed increased its benchmark interest rate by such an amount was 1994.
Home appreciation reached historic levels in 2021, with inventory plummeting and bidding wars erupting across the United States. In Southern California, the region’s reputation as a seller’s market grew even more apparent due to low interest rates, significant bidding wars, and a bevy of homes selling over asking price.
In Southern California, the region’s reputation as a seller’s market grew even more apparent due to low interest rates, significant bidding wars, and a bevy of homes selling over the asking price. But what do experts have to say about the 2022 real estate
In 2020, the pandemic brought chaos to a real estate market that the industry already considered turbulent. Two years after Covid-19 entered California, those market changes may remain for the foreseeable future. Let’s take an in-depth look at those permanent housing market changes and their implications.
At the opening of 2022, housing inventory in Southern California dropped to a remarkable 4,700 from 7,600 in January 2021. Those numbers are incredibly low and represent a significant dip from pre-pandemic levels. Around 12,400 homes were on the market at the start of 2019 when all the industry changes wrought by the pandemic weren’
“There’s no management without measurement.” This axiom applies to more than just business. Real estate professionals as well as rank-and-file buyers and sellers rely on past metrics to determine future actions. 2021 has most certainly presented unprecedented challenges as well as opportunities as the data reflects. So it has us anticipating where real estate is […]
Where are we headed for 2020 and beyond? Here are some insights from one of Southern California’s leading real estate entrepreneurs, Eli Tene.
As a real estate agent, it’s important to stay on top of developments in your field. After all, you want to be able to inform your clients of important trends. Not to mention any regulatory changes that might affect them. Plus, it’s important for you to be able to anticipate any significant developments that could […]
The coronavirus has had a devastating impact on the economy. Yet at the same time, with mortgage rates at an all-time low, it is a buyer’s market. Plus, according to Forbes, a growing number of first-time home buyers are in the market for properties because they want to get away from crowded cities. We believe this […]