With home values appreciating by 10% in 2020, there has been some speculation that we might be in a housing bubble such as we were a decade ago. California residents, fear not! Here are some incredibly significant facts that this time is not like the past:
What can we take from this examination of the present housing market? With California housing supply at an historic low, demand high and ample equity, homeowners living in pretty much every county of California do not have to fear that we will repeat the mistakes of the last decade. According to the experts, the real estate market is not going to experience a repeat of the 2008 fiasco.
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Best, Forest – The Guy in the White Hat
Hard Money Broker and Co-Owner of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! 707-523-2099 www.sunpacificmortgage.com.
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The content of this blog contains general advice only and does not consider individual financial circumstances, desired loan amounts or existing real estate or lending transactions. This information is intended for licensed Real Estate Agents and licensed Lenders/Mortgage Brokers and is posted on our company website and specific blog sites with the express purpose of reaching such licensed individuals.