Five facts why home prices have risen in 20-21

1- Low housing supply and high demand will continue to fuel the housing market in 2021

2- Record-low mortgage rates

3- Orange and Los Angeles counties hit record numbers in luxury home sales in 2020 despite the pandemic

4- Median home price in Los Angeles and Orange counties have jumped by more than 11% year over year

5- With many employers embracing work from home, expect some employees to rethink their living situation and move to larger homes

 

PAYAM SHIRAZI, Broker

 

Office: (310) 600-8161
Mobile: (949) 436-3936

LOS ANGELES / ORANGE COUNTY

info@payamhomes.com | payamhomes.com

Call for other local market reports. Please contact me by phone, text or email.

Source: CRMLS, California Regional Multiple Listing Service, Inc.

2 Comments

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