A New Era
The DaSilva Outlook
Any agent out there saying that the Coronavirus pandemic isn't affecting the housing market in LA is lying. The stats for both the South Bay and the Westside are showing two shifts taking place: more homes coming on the market with fewer homes going into escrow. The good news is that there is still plenty of activity. The bad news is that loan programs are drying up left and right, and guidelines are becoming more strict by the week. This is posing a problem for future sales.
Our outlook is that fewer buyers will qualify for loans, more layoffs are imminent, more homes will continue to sit on the market, and prices will adjust as a result. Here's the lowdown:
* If you need to sell fast, you may have to take a hit on the peak value of your home. We can maximize your gains, even in this changing market.
Every situation is different, so please speak with our trusted advisors before taking any actions.
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