Amy Cimetta, Real Estate Professional

Here is a visual illustration of the inventory shortage that we are experiencing.

My newest listing is hitting the market on Thursday, April 1, 2021. It's a single story, 3 bedrooms/2 bathrooms, single family home with ocean views. Asking $1,675,000. https://luvwhereulive.com/30135viariveraranchopalosverdes Love Where You Live. Vista Sotheby's Intl Realty #01774767

There's been talk of rates creeping up, but let's keep it in perspective! Rates are still historically low. Here's a comparison of interest rates over the past few decades.

Here are the weekly real estate numbers for week ending 3/21. The market is still moving along at a fast clip wirh a frenzy of showings over the weekend and multiple offers on many properties at the beginning of the week. Always feel free to reach out to me for any specific info or questions. https://s7publiccdn.konverse.com//microsoftteams-image-28.

The real estate market is on fire much like it was in 2007, but there are key differences today that may help avoid the bubble bursting. This Wall Street Journal article does a good job of breaking it down. And I'm always available if you want to discuss in more depth.

Nationwide inventory shrunk even more in the beginning of this year with a slim chance of catching up in the coming months. A competitive landscape for buyers seems surely to continue in the coming weeks.

As of January 24, the Mortgage Bankers Association estimates 2.7 million homeowners are in some kind of forbearance plan - reduced or paused mortgage payments. But the info provided by some servicers can be misleading or incorrect.

NAR's economist states 2020 experienced strong growth in real estate sales in spite of the pandemic -- I believe it was in large part, because of the pandemic.

Weekly real estate activity in the South Bay. Let me know if you or someone you care about needs expert assistance buying or selling real estate. And I'm always happy to answer any questions. #realestate #realtor #01774767

Market Watch: Nationwide as of Nov 2020 - inventory was down 39% year over year (always a key component of a seller's market - tight inventory). Going forward: Applications for Permits are up 8.5% and Housing Starts are up 13.5%.

2020, which was not expected to be a year of growth for real estate, proved to be just that with more California cities joining the "Million Dollar Club". This growth was spurred by COVID and low, low interest rates. Keep in mind that the pandemic had varying impacts on different markets. While the South Bay has experienced upward pressure on prices due to high demand, downtown LA, like other metropolitan cities around the country, has been hit hard with people fleeing from dense living and higher level of infection rates. #realestate #amycimetta #southbayrealestate