Home Prices In Palos Verdes Area Increased In Past Year: See How Much msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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LONG BEACH, CA Higher home prices are here to stay, at least for the next couple of years, experts say.
The coronavirus pandemic helped push home prices higher, but it isn t the only factor responsible for the market shift. The number of homes listed for sale is at a historic low, meaning that supply is tight. Meanwhile, demand has increased because of historically low mortgage interest rates and because a large contingent of millennials is looking to buy their first homes.
Home prices in the Los Angeles-Long Beach-Glendale CA Metropolitan Division, which includes Los Angeles County, were up 10.5 percent for January 2021 compared with January 2020, according to the CoreLogic Case-Shiller Index, an oft-quoted measure of price movements over time.
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BRENTWOOD, CA Higher home prices are here to stay, at least for the next couple of years, experts say.
The coronavirus pandemic helped push home prices higher, but it isn t the only factor responsible for the market shift. The number of homes listed for sale is at a historic low, meaning that supply is tight. Meanwhile, demand has increased because of historically low mortgage interest rates and because a large contingent of millennials is looking to buy their first homes.
Home prices in the Los Angeles-Long Beach-Glendale CA Metropolitan Division, which includes Los Angeles County, were up 10.5 percent for January 2021 compared with January 2020, according to the CoreLogic Case-Shiller Index, an oft-quoted measure of price movements over time.