157: California Real Estate: Navigating 4 Cities with Caution and Hyper-Local Insight in Los Angeles
INTEREST RATE IS TEMPORARY- HOME IS FOREVER
In today’s podcast episode, join us in the conversation about the critical insights on California real estate highlighting four cities that might not be the ideal choices for homebuyers, so proceed with caution if you are interested in these cities. Moving right into an in depth analysis of Los Angeles providing valuable information for prospective homebuyers looking to navigate the dynamic and diverse real estate
Those 4 cities are:
Redding: With a frenzied market, Redding is experiencing remarkable growth, with residential real estate prices potentially rising by as much as 7.3%. It stands out as a top gainer in the real estate market.
San Francisco: Renowned for its breathtaking but expensive real estate, San Francisco shows no signs of a market decline. Ranked as the sixth most expensive city in the US, it remains a challenging market for potential homebuyers.
Los Angeles: As the second most expensive place to live in the US, Los Angeles holds the sixth position among the top 10 most expensive cities. This city's real estate market demands careful consideration due to its high living costs.
San Diego: While San Diego boasts stunning scenery, it's crucial to note a substantial sales growth of 13.1%. Additionally, the prevalence of VA home loans indicates a heightened demand, contributing to the competitiveness of this real estate market.
Tune in to this episode for an in-depth analysis of our very own Los Angeles, providing valuable information for prospective homebuyers looking to navigate the dynamic and diverse real estate.
A few Key take-aways:
We are still in a sellers market- that means we have roughly 2.63% inventory.
Sellers market - When you have less than 6 months inventory
balance market- 6+months Inventory
buyers market.- Supply exceeds demand
INTEREST RATE IS TEMPORARY- HOME IS FOREVER
Tune into Episode 156 today to hear the details!
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