🧐 There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. The dramatic shift in real estate in the second half of 2022 caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences (see graph).
❤ There’s Opportunity in Real Estate Today:
With inventory rising and less competition from other buyers, there’s opportunity right now. According to David Stevens, former Assistant Secretary of Housing:
“So be advised…this may be the one and only window for the next few years to get into a buyer’s market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long term homeowners should view this market…right now…as a unique buying opportunity.”
The same conditions are also reflected in the Palos Verdes and South Bay market. 📲📲 Contact Stephen Haw at (310) 503-9886 to find out what the best opportunities are for you. DRE#00808646 Keller Williams Palos Verdes Realty.
Call 310.503.9886 for professional guidance from The Stephen Haw Group, your local experts with international connections.