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California Housing Market Predictions & Forecast 2020 - California Association of Realtors CAR NAR
Leslie Appleton-Young shares her California housing market predictions and forecast for 2020 and beyond based on the latest data. The Chief Economist for the California Association of Realtors explains how the pandemic has affected the market and what she sees for the future of California's real estate market.
0:00 Intro
0:45 Adoption of technology facilitating home sales
3:45 Job losses hitting renters more than owners
5:31 Sellers not reducing prices
6:55 History of California housing inventory
7:52 Boomers staying in homes longer
11:27 Decline in active listings of 44% YOY
13:53 Conversion of commercial real estate to residential
17:29 The shape of the recovery
20:29 Need for home office space
22:46 The future of the California housing market
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#housingpredictions #housingprices #californiarealestate
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