Long Beach Area Spring Real Estate Market Update

shannonjones Featured Articles , Real Estate Leave a Comment

Nationally, the three most prominent residential real estate market trends are the ongoing lack of inventory, the steadily upward movement of home prices and year-over-year declines in home sales. Those trends are for the most part true in Long Beach as well. The inventory of houses for sale in Long Beach for the past 12 month is 1.8% below the prior year, …

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 …

Are home values at record highs

Are Home Values At Record Levels?

shannonjones Featured Articles , Long Beach Real Estate , Real Estate , Real Estate Market Update , Seal Beach Real Estate , Signal Hill Leave a Comment

Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report. The report announced that the median existing-home price in June was $236,400. That value surpasses the peak median sales price set in July 2006 ($230,400). This revelation created many headlines exclaiming that home prices had hit a “new record”: Wall Street Journal:   Existing-Home Prices Hit Record …