In this video you will learn about California, Los Angeles, Orange County and Nationwide Market Update for September, 2021 in comparison to previous months and years.

What's happening with prices? What are the projections? What's going to happen next year? Are we really going to crash? So we are really going to repeat 2008, which is way past due? What's happening nationwide and where  mortgage interest rates are? All these questions are going to be answered in this video.

 

There are Timecodes in the description so please feel free to jump to the part that interests you the most. 

 

I'm going to walk you through California, Orange, and Los Angeles County in comparison and I will show you the real data on Info Spark. Let's check.What's happening on Info Spark? As you can see, this is the real data in and is showing the entire California, Los Angeles, Orange County. I do wanna go to a single family and condo and townhomes. We don't really want to mix mobile homes because it's a little different pricing because they have leases. So we really want to just focus on single family, condominium and townhomes that are going to show you better data and what's happening in the realistic market. Houses flying off the market after first showing. 

 

What's the projection on real estate prices, what's going to happen next year? Let's look at this data from the California Association of Real Estate and it's how the California housing market outlook. What's going to happen in 2022 for the first quarter?

 

Nationwide: what's happening in the real estate market?  Major migration from state to state and right now, like a lot of Californians living everywhere, right? 

 

Mortgage: A very popular loan is cash out refinance.

 

California Housing Index: So is it a good time to buy a house?19% saying yes. 81% say no, they don't think it's a good time to buy a house. Is it a good time to sell houses and now we have a reverse situation. 70% saying yes and only 30% saying no. Will it be easier to find a home over the next 12 months? While 33% say yes and 67% don't believe that it will be easier and do you plan to purchase a home in the next 12 months- Look at this 6% saying yes, 94% say no and  will home prices rise in the next 12 months? Here we have almost equal 53% saying yes. 47% say no.

 

Thank you so much for watching this video. I hope you learned something for yourself and now you can have a little picture of what's been happening in California for the last three months and five years.