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The Pandemic's Effect on the Ventura Housing Market
Ninety years ago, the United States experienced the Great Depression. Twelve years ago, we saw the Great Recession. Now? A global pandemic. During the first two eras, the housing market took a massive hit. The Ventura housing market seems to differ during the global pandemic. Low inventory and even lower interest rates kept prices from dropping like a rock. Is it still a good time to buy a Ventura home right now? The answer might surprise you.
The Pandemic's Effect on the Ventura Housing MarketState of the CountyYes, sales have slowed down. Part of this is due to the shelter-in-place order Governor Newsom put into effect several weeks ago. And part of it is due to so many out-of-work people. However, Ventura County opened up their beaches (with limitations) on April 20th. Other businesses slowly began reopening to the public earlier this month. Soon, we may see more buyers looking for properties to purchase again. That means more competition which might force prices to increase.
Equity HelpsAs prices steadily rose over the last few years, Ventura County homeowners enjoyed a nice equity boost. Even if you bought your house just a couple of years ago, you most likely saw your home values go ... more

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