• Despite the pandemic, home prices are at record levels. The medium listing prices of the Los Angeles- Long Beach-Anaheim metropolitan area in September 2020 was $995,000, that was 17% higher than a year ago. (Realtor.com)
• Lack of inventory. The number of active listing in the Los Angeles-Long Beach-Anaheim metropolitan area in September 2020 was 17.520, that was 29% less than a year ago. (Realtor.com)
• California Realtor’s Association just released its 2021 Housing Market Forecast. According to the report, the median home price will edge up 1.3 percent to $648,760 in 2021. The median home price is projected to increase 8.1 percent to $640,330 in 2020 from $592,450 in 2019.
• Financial services company Legal and General recently released a survey revealing that 43% of home buyers under the age of 35 received either partial or full down payment assistance from their parents or family members.
• Patio heaters are the new toilet paper? Ace Hardware has seen a 60% jump in the sale of outdoor heating products compared to last year. Sales of patio heaters at Overstock.com from March 1st to Oct. 1st climbed by 734% in the West. (Realtor Magazine)
• A new study from Lending Tree shows that men are more likely to have a dedicated workspace than women. As such, men tend to be more likely to express satisfaction with their remote workspace than women (72% versus 47%).
