MARKET MATTERS

You may have read my earlier posts in which I noted that despite the panic meddlers, the California real estate market is not poised for the kind of crash we experienced in 2008.  And I still hold to that.  Sure, we are likely to see a bit of a correction in the market.  Rising interest rates and the Trump tax revisions are surely having their effect with less activity, a pullback in price increases and homes sitting on the market for a bit longer.  But tighter regulations have resulted in far fewer problem loans and credit issues and low unemployment, a more diverse economy and increasing wages point to much stronger underlying financials than we experienced in 2008.  So stay calm…and buy a new home.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA 90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

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