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#TimeToBuy Home prices have finally hit a wall in SoCal #ChrisBJohnsonRealtor
Your home is probably the biggest asset you own. This is why you should hire a professional to guide you through all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sell a home. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve.......
Housing data painted a picture of a softer market for homebuyers.
On Monday, economists at Bank of America claimed sales of existing homes have peaked and will now begin decreasing. The report suggested home prices may begin to decline as affordability and demand become issues for sellers. Read the report here.
Home sellers have had it easy over the last few years. Housing demand has risen along with the improving economy, and home builders have struggled to build at a pace that keeps up with that demand. The result was a shortage of housing inventory that allowed sellers to sit back and let buyers bid up the price of their home.
But data from the last two months suggests that the housing market is entering a new stage, especially on the ... more
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