Real estate in Long Beach

March Real Estate Market Update

shannonjones Featured Articles , Real Estate Leave a Comment

The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is easily outpacing seller activity in much of the country, culminating in relatively quick sales and low supply. Demand has remained strong so far this year. Unemployment has reached pre-recession levels, and Americans remain optimistic about finding quality employment. This matters …