Mortgage Report / So Cal RE Market Update
November 25, 2020
By Saeed Ghaffari
(A must read for agents, buyers and sellers)
Mortgage Report
The general loan limits for the 2021 have been released.
Courtesy of Loan America
For all your mortgage/real estate needs and lender/realtor referral connect with me, @saeed_ghaffari on moreandmorenetwork.com
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The issue for California residential real estate remains the same. Poor affordability means that despite latent demand, buyers can’t afford the prices of homes in the Golden State. For that reason, many have left to find much cheaper homes in other states. Unemployment will likely be on the rise along with lower business profitability (tech sector continues to lay off workers) which means fewer buyers are likely for 3 to 6 months.
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5 Trends That Will Shape Luxury Real Estate in 2023
The luxury housing market, like most other real estate sectors, is adjusting to a slowdown. Affordability and home size are every bit as much on wealthy buyers’ minds as other consumers. “The reality is we are coming out of one of the best real estate markets in history,” Gary Gold, a luxury property specialist with Coldwell Banker Realty in Beverly Hills, Calif., notes in the latest Coldwell Banker Global Luxury Trends Report. “But that level of demand and price appreciation wasn’t sustainable.”
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