This week I received the attached Real Estate Report for San Fernando Valley which indicated that inventory of homes for sale rose on a year-to-year basis for the first time in more than three years (39 months). See Report Here.
The increase in listings is a sign that prices in the second half of the year may increase more slowly or even stabilize slightly, especially when you consider that interest rates will likely be higher and affect what buyers can afford.
For the last one year, I had been saying that, 10 years from the last recession (2008) to (2018) should start to show a slight shift in the housing market. The attached report is the very first indication of that shift. Many wished they knew what to look for in 2007 before the 2008 downturn so they could make informed decisions on selling their homes for the largest profit before the last shift. Now, we have our first indication.
If you'd like to know more about what your home is worth now, feel free to call me at 818-825-6996 or email me at Bandele@BogunRealty.com or obtain a Free Home Evaluation Here.
Bandele Oguntomilade, Attorney-Turned-Top-Realtor
Bogun Realty and Luxury Homes
www.BogunRealtyAndLuxuryHomes.com
818-825-6996
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