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Description: Real Estate, Economics, Westlake Village, Thousand Oaks, Agoura Hills, Calabasas, Oak Park, Newbury Park, Ventura, Los Angeles and discussion of property and market conditions near the LA/Ventura County Line.
If you are a home buyer today, the real estate market can best be described as exasperating. The inventory of available homes is at levels last seen in 2021 when home prices were rising exponentially fueled by a tail wind of sub 4% interest rates. This begs the following questions: Why is this still happening when rates have gone up? Shouldn’t that have dried up demand? Are all the buyers cash buyers? Aren’t people leaving California and shouldn’t that be increasing the number of available homes for
763 Camino Dos Rios – For Sale!
To answer these questions, we first must recognize that the Great Recession is largely responsible for today’s low inventory. Remember, we built very few homes between 2008-2013. This meant we needed to build twice as many homes from 2013-2018 to make up those lost years of next-to-zero single family home construction. Not only did we not build twice as many, but we never even built as many as we did in 2006. This has created a massive shortage of homes. Perhaps you’re asking, “Weren’t there too many h
Invest Islands
Home - Invest Islands