Let’s try this again — 2nd half looks much better

So far, the 2019 real estate market has had spotty success. Median sales prices are up in some areas, but not others. On the Westside, we have seen slight improvements in sales volumes, but we’re still down by nearly 14% compared to 2018. We are still on the yo-yo of the ups and downs of the market. However, the good news is the National Association of Realtors predicts inventory, which has grown for the past eight months, will continue its upward climb. The inventory is up in my office at Coldwell Banker in Brentwood, and we have had a number of multiple offers in the last week or two. 

 According Lawrence Yun, NAR’s chief economist, "Home sales should be much stronger based on the economic fundamentals of jobs, interest rates, population and consumer confidence," said Yun. "After several years of wage growth outpacing home price growth, this year both are more closely aligned as average hourly wages accelerate. 

 "With strong job creation, wages are growing at a faster pace. Finally, wages and home prices are aligning," Yun said. "This is good news for employees." He added that this shift is a healthy development toward keeping housing affordability stable. In addition, there are more than 6 million jobs open that are not being filled, the highest number ever according to the Labor Department. 

 To be a part of this exciting real estate market, please give me a call or — Carole Schiffer — 310-442-1384. Thank you!