In this video, real estate broker Michael Weber talks about what’s happening in the Los Angeles and South Bay Beach Cities real estate markets for the beginning of October 2021.
Lots of things are changing in the real estate market. With the passage of SB-9 & SB-10, this should stimulate some much needed future inventory and housing supply. The government continues to find new ways to prop up the housing market. Although the federal eviction moratorium ended, cities and counties are quickly replacing it with their own versions. Large public companies are buying up the housing inventory with a vengeance. And home prices continue to taper while inventory remains historically low. All this and more in this market update.
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.
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The Weber Real Estate Team