![]() home prices jumped 18.1% in November, compared to November 2020, according to CoreLogic. Last year, economists say it was a record-breaking year for U.S. The latest data shows that demand for housing in Southern California remains off the charts. Southern California’s real estate market amid the coronavirus pandemic continues its upswing in the 2022 new year despite the ongoing pandemic, rising mortgage rates and housing prices that have jumped double digits year over year. The real estate market harkens the days when the pandemic hit, and there was a run on toilet paper.” ![]() “The housing inventory is catastrophically low. Now I say there is a housing catastrophe,” said Thomas to Spectrum News. “I used to say that we are facing a housing crisis. The few numbers of homes for sale in those counties are way below pre-pandemic levels, said Steven Thomas, chief economist at Reports On Housing, a data site that tracks Southern California’s real estate market. Buyers continue to push on despite the coronavirus pandemic, high home prices and rising mortgage interest ratesĪs of mid-January, there were roughly 1,100 active homes in Orange County, about 4,700 in Los Angeles County, 2,040 in San Bernardino and a little more than 2,300 in Riverside.Steven Thomas of Reports On Housing calls the low level of housing in the region "catastrophic". ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |