California driving cooling of the US property market
- Allan Powell
- Sep 16, 2022
- 1 min read
Updated: Feb 6, 2023
If any company would know about home prices, with their Direct Offer program which purchases homes direct from sellers, #Redfin would be one.
Recently the Seattle-based listing agent reported that California is now home to 6 of the top 10 cooling #property areas in the US as 30-year fixed #mortgages creep towards 6%.
However rather than decreasing in price data shows that home prices are simply not rising as fast. An example of this is the 4th fastest-cooling market, #Seattle, which is still seeing an increase in inventory of over 40%.
Understanding the nuance of a market is a key element of any #investment strategy, and these numbers demonstrate the level of nuance involved in the US market.
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