Health & Fitness
The Housing Market is Going to Collapse if we do not Get More Inventory Soon
The housing market desperately needs new inventory if the slow recovery is to continue.
It is obvious to any Realtor® out there that the recent uptick in the housing market cannot be sustained without fresh inventory. This fact was clarified today by a Dataquick study on the California housing market.
The median price of homes increased 24% over the past year, but this on its own does not a health economy make. We need job growth.
They also cited the low inventory an hoped that sellers will take advantage of the increase in prices to at least keep the momentum going, which is certainly going to help.
Find out what's happening in Westwood-Century Citywith free, real-time updates from Patch.
Check out how the Westwood and Santa Monica areas in particular need inventory.
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