It is June 2020 and we still have the Covid19 pandemic going, we have over 20 million or more people out of jobs, bankruptcies are being filed on a daily basis, the protests seems to be going on and there is a chance the pandemic may get worse before we see any stabilizations. So how will this impact the house prices in Anaheim and Orange County and in California…
Are home prices falling? Well? Numbers don’t show that? so far they seem to be holding? What do you think?
So these 3 factors have any impact on the current and future prices?
1. Low Interest Rates, these are historically low rates and buyers are taking advantage of these home prices.
2. Low Inventory. Inventory over the last few years have been slow to begin with and now the the Covid19 shelter in place, many sellers are holding off putting their homes on the market just yet, which has created more shortage of homes for sale and that may affect the big questions: Are home prices falling?
3. Buyer Demand is higher. There are move up buyers and move down buyers, so the demand is there for housing, not to mention investors who are also buying homes, rentals, 4 plexes and condos and townhomes as investments taking advantage of the low low interest rates.
Watch the video for details and my opinion on the Home Prices Falling and the housing market in California. Like and leave comments, post any questions below.
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Below you will find some homes for sale in the North Orange county area for your to see and compare home prices and what they offer: