Is the housing market headed for a crash? 🎢 Let's break it down for all you buyers, sellers, and investors out there.
✨Low Affordability - 99% of the U.S. unaffordable for the average American earning $71,000 per year.
✨Unemployment is low at a little under 4%.
✨Low Public Sentiment - only 20% of Americans thinking it’s a good time to buy.
✨High Interest Rates - hovering around 7% with three anticipated cuts in 2024
✨Economic Stability - the economy remains stable with controlled inflation and strong consumer spending
As of June, the data supports a stable housing market but the future of housing is not set in stone. Staying informed and nimble is your ticket to navigating these choppy waters. So, team up with an expert, craft a solid plan, and brace yourself for whatever the market throws your way.
Stay tuned for more juicy updates and savvy tips. Hit that subscribe button now and be the first to know! Need a lifeline in the crazy LA market? Drop a comment belowt! 👇🏡
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Негізгі бет Is the Market Crashing or Stabilizing? | Real Estate | Los Angeles | Santa Monica
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