Housing Market Update
In this episode of "To Live and Buy in Los Angeles," @benbelack and @zachgoldsmith24 discuss the current state of the national and local housing market. They highlight the challenges posed by high mortgage rates, inflation, and lack of inventory, which are affecting buyer demand and leading to unpredictable market dynamics. The hosts also share their experiences in the real estate trenches, emphasizing the importance of realistic pricing for sellers and the need for buyers to seize opportunities in a market with limited inventory. They agree that while it's difficult to predict market fluctuations, making informed decisions based on current trends and buyer demands is crucial for both buyers and sellers.
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