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@@straightdrive6192our current market is more comparable to 80’s market aka “stagflation”. Inventory was very low, high demand, inflation rate at 12%, interest rate at 18-20% and unemployment at 10.5%. It didn’t crash the market. Instead Housing kept going up and it took over decade for economy to recover. Inflation will keep housing up and as a homeowner you’re in a drivers seat.
Great video update! Praying for no rate decrease that will cause inflation spike again. We need patience through this stagnate price period, to provide more time for those small increases in inventory to keep better balance in supply and demand👍
Correct me if I am wrong, but despite an increase in available homes, the market remains largely favorable to sellers, indicated by a low month's supply of 2.6 months. Home sales have decreased, but homes are still selling relatively quickly. Homes priced over $1 million are seeing an uptick in sales, which influences the overall housing market dynamics?
I live in the central valley and have family in clear lake and willows. The difference in the market is night and day. The central valley only has a handful of houses for sale that get big up while where my family lives they can make offers below asking.
The was a CBS article the other day . Stockton and Modesto are selling for 30% over the value due to limited inventory. Per the Article “According to the Attorney General's Office, California needs around 2.5 million new homes by 2030 to bring down costs down. However, the state is only on track to build 100,000 homes this year.”
It depends on the terms of your purchase contract. I would reach out to your real estate agent (or the builder's sales rep if you didn't use an agent). Hope you were represented by an agent though.
➜➜➜ PLAYLIST: Videos about Living in Sacramento
bit.ly/2TkXZSh
➜➜➜ Get Connected To a GREAT Real Estate Agent here anywhere in the USA:
www.realestateteamfinder.com
I haven’t left a comment in a while. But I bought my house in SoCal last year and I almost have 80k in equity. Crazy.
Congrats!
It will keep increasing , hold on . Prices to go up next year. Atleast 10%
@@straightdrive6192our current market is more comparable to 80’s market aka “stagflation”. Inventory was very low, high demand, inflation rate at 12%, interest rate at 18-20% and unemployment at 10.5%. It didn’t crash the market. Instead Housing kept going up and it took over decade for economy to recover. Inflation will keep housing up and as a homeowner you’re in a drivers seat.
With all the nation wide videos this is the one I've been waiting for thank you!
Glad to hear it! I'll have a county specific video soon.
Great video update! Praying for no rate decrease that will cause inflation spike again. We need patience through this stagnate price period, to provide more time for those small increases in inventory to keep better balance in supply and demand👍
As reported higher rates only affect the average joe as the rich keep buying.
The Fed has a tough job ahead. Inflation rising and GDP slowed in Q1.
Government will cut rates in june. If they don’t it will be worse for the economy lots of layoffs.
Correct me if I am wrong, but despite an increase in available homes, the market remains largely favorable to sellers, indicated by a low month's supply of 2.6 months.
Home sales have decreased, but homes are still selling relatively quickly.
Homes priced over $1 million are seeing an uptick in sales, which influences the overall housing market dynamics?
I live in the central valley and have family in clear lake and willows. The difference in the market is night and day. The central valley only has a handful of houses for sale that get big up while where my family lives they can make offers below asking.
Well said. Every market is different. I'll have a CA update at the county level soon.
Great morning Jason👍
Good morning Steve!
Great show bro❤
Thank you
Great info Jason 👍
Glad you enjoyed it
The was a CBS article the other day .
Stockton and Modesto are selling for 30% over the value due to limited inventory.
Per the Article
“According to the Attorney General's Office, California needs around 2.5 million new homes by 2030 to bring down costs down. However, the state is only on track to build 100,000 homes this year.”
We certainly need more homebuilding
I booked a new construction house in Sacramento area, which will be delivered in July. Any way we can back off and get the earnest money back?
It depends on the terms of your purchase contract. I would reach out to your real estate agent (or the builder's sales rep if you didn't use an agent). Hope you were represented by an agent though.
Wow close to 100K big deal❤
Getting close!
Plz tell us about condos too and focus on California
Honestly I haven't seen much data on CA condos.
I think how it works or isnt working is sales drop as inventory rises. Sellers eventually have to face reality and drop price by 40 percent.
After four+ years I think it is the renters that are facing reality.
A drop in price of 40% would require a massive amount of inventory and low level of demand.
Sellers don’t have to do anything lol
Lmao….
It is simple supply vs demand.
There is plenty of wealth in the USA to support the most desirable locations at these inventory levels.
100k subscribers coming soon!
So close!
2😊
Close!
First🎉
Nice! Good morning!
@@JasonWalter1 always paying attention to your cali updates. Thx for your hard work.
My pleasure!
Third lol