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Market Forecast

Posted by serher6 on August 23, 2022
1

Where is the Market at now and where is it going?

In short, homes for sale are lasting longer on the market. Mortgage applications have declined in the past few months. Amount of available buyers have decreased in the past few months. The Feds continue to raise interest rates to help slow inflation. Contact us for more details and to see if it is a good time to buy or sell.

Minimum Annual Income Required – Current vs. Last Year

Region2021 Q12022 Q1Change in $
CA SFH $131,200 $158,000 $26,800
CA Condo/Townhomes$97,600 $126,800 $29,200
Los Angeles Metropolitan Area $118,400 $146,000 $27,600
Inland Empire $86,400 $111,200 $24,800
S.F. Bay Area $210,800 $267,600 $56,800
US $58,000 $73,200 $15,200

One thought on “Market Forecast

  • on August 23, 2022

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