Will the Real Estate market CRASH!?


“Survey SAYS” XXX

There are always fluctuations in all markets. Two basic indicators for price changes are SUPPLY & DEMAND.

In October 2018 there were 1,628 (SUPPLY) “existing” homes for sale in the San Fernando Valley and 1,068 (DEMAND) sold.
1,628/1068 = 1.52 month’s supply. That USUALLY would mean that we are in a seller’s market and prices would continue to rise until the market balances out

….BUT since the “average home sales price” has increased over 35% since 2013, and the median household income has only increased about 20% since 2013 the affordability has lessened. Not to mention mortgage interest rates increasing. (Los Angeles County Median Household Income for 2013 $54,432. 2017 was $64,300) – U.S. Census Bureau

Granted, it is the holiday season but I am personally having to adjust prices downward for the first time in years. STAY TUNED!  
SEHOLD IN

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