REAL ESTATE UPDATES SEPTEMBER 2021


		Kerry Jackson REAL ESTATE UPDATE

REAL ESTATE UPDATES SEPTEMBER 2021

Here's the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets.

July 2021 brought 5.99 million in sales, a median sales price of $359,900, and 2.6 months of inventory. The median sales price is up 17.8% year over year, and inventory is down 0.5 months from July 2020..



Single-family prices rose in 99% of metro areas in 2021 Q2		What will fix the housing market inventory shortage?

		Soaring home prices are spooking buyers
		Home purchase sentiment dropped 3.9 points to 75.8 in July as concerns about high home prices continued to scare off prospective homebuyers.

"There are signs of more supply reaching the market and some tapering of demand... The housing market looks to move from 'super-hot' to 'warm' with markedly slower price gains."

- Lawrence Yun, NAR's chief economist


		DID YOU KNOW? Greater Los Angeles


	There's a home in Texas made of beer cans

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Kerry Jackson

(626) 808 2500

[email protected]

CAL DRE#: 01977527