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The month of June continues its rapid recovery for our local South Bay housing market. It is truly a stunning 180 degree turn from April and May, which had some of the ugliest data one can see in terms of listings, pending sales, and closed sales. This buyer desire for a home, personal space, and a backyard amidst the pandemic are very real. All-time low interest rates, confidence in markets, and worries of the Coronavirus subsiding are all contributing to a pendulum swinging back to a bullish home market. I love the real numbers and we cannot wait to share the June numbers later next week when we close out the quarter. A Live Series Starts
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The month of June is off to a strong start in our local real estate markets. When comparing June market data to the data from the last couple of months, the market is on fire. Even more good news is that I am starting to see numbers that are exceeding year-over-year comps, which in my opinion, is the right test for these unprecedented times. This week I will share some data points, and action we have seen from an anecdotal perspective. As always, I will try to sum up what is going on and how to approach things happening in the market. But first, let me share news that can be valuable. News and Information Mortgage
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Black Lives Matter. Last week, I vowed to not stay silent. I vowed to further the conversation and to speak out against racism in our country. We have an exceptionally long way to go in this fight thanks to a deep-rooted, racist real estate history as you’ll see in this post. This blog is my voice to many, and real estate is my passion. It is my hope that through this medium, I can add how real estate here in Southern California has contributed to systemic racism that has brought about decades of inequality that resonate through today. Racist Title Reports Most clients do not “nerd out” on title reports like me. It is very important
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Before I begin with the May 2020 South Bay data, I would be remiss not to discuss the senseless killing of George Floyd and the Black Lives Matter movement. It is abundantly clear that racism still exists today in our country and that major systemic problems put millions of people at a disadvantage because of the color of their skin. This is not right, and it must change, now. With the black community, I want to listen, I want to learn, and I want to do my part to speak up to help bring a more just world for people of color. I share the same feelings that Tim Cook, the CEO of Apple, said this
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