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Prices have risen 30% in the last twelve months. We will have to see if the paycheck protection ending, the eviction moratorium ending and the kids back in school will affect our real estate market. There could be some evictions coming..
Being able to evict tenants behind in their rent will motivate some landlords to get out of the rental business and sell the property to get their finances back in order. While the governments publicized help to landlords and tenants, many landlords complained about delays or problems applying for the funds. If we see a significant increase in the inventory of homes to sell, that could affect prices. But as long as interest rates stay low, demand will be high.
The recall election of the Governor of California may affect our market too. The recall is not certain, but it would be devastating psychologically for the Democratic party, if it happens.. The Democrats have overwhelming majorities in the government of California so a recall should not affect legislation.
- The Altos Report shows a Strong Sellers Market!The Altos Report shows how strong our seller’s market is. Altos does independent research on real estate sales statewide … Continue reading “The Altos Report shows a Strong Sellers Market!”
- Real Estate is SeasonalEvery year our median prices fluctuate. Last year more expensive properties closed escrow in August. The median price is the … Continue reading “Real Estate is Seasonal”
- Inventory Low, Prices High, Interest Rates UncertainThe decrease in inventory over the last five years has resulted in prices increasing and staying high. Interest rates matter … Continue reading “Inventory Low, Prices High, Interest Rates Uncertain”
- What are the active listings in Laguna Niguel?If you are interested in this beautiful city, you should familiarize yourself with the properties on the market over a … Continue reading “What are the active listings in Laguna Niguel?”
- New Listings are Down – Sales are UpDecember was an excellent month for sales. Good new for sellers but distressing for buyers. Thirty-four homes were sold but … Continue reading “New Listings are Down – Sales are Up”