US Home Sales Plummet? | Manhattan Beach Real Estate
Channel: Live In The South Bay By Daryl Palmer Beach Homes
Date: 2023-11-05

US Home Sales Plummet? The Wall Street Journal wrote last week that home sales are down in the US!
What?
That's Shocking!
Is it? If you're alive in the US... you know this isn't any kind of breaking story. You've heard inventory is super low, so there's less to buy. You've also probably heard that mortgage loan interest rates are at their highest in a couple of decades. They're hovering around 8% for 30 year fixed.

All of the above is causing less homes to be sold... just about everywhere. No news here... just clickbait. So I clicked.

Here we're talking about just that and then going into what the real median prices in the Beach Cites of the South Bay Los Angeles are. WSJ says the US median price is $394,300. It's NOT that low here... not even close!

Ok great... if you live in Southern California... you KNOW that there's not much to buy around here that's anywhere near that low of a number. So please don't pay attention to "National Stats" because it doesn't mean anything to you. Only your local stats matter...

Watch the video... you'll be so much smarter in 4 minutes! Really!

Ciao!

Daryl Palmer
Real Real Estatetist
RE#1986622
Daryl@DarylPalmer.com
310-502-4240
Re/Max Estate Properties
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