Episode 74: Navigating California’s Housing Roller Coaster

In this weeks episode of the "Live Life by Design" podcast, our hosts dive into the volatile California housing market, exploring the potential for a market crash and discussing whether recent economic signs point toward a downturn. They examine the historical cycles of the housing market, while emphasizing California's unique dynamics due to high demand, limited inventory, and steep property values. The episode covers topics including fluctuating interest rates, foreclosures, and lending standards, highlighting that current, stricter lending practices may prevent a crash akin to 2008.

Our hosts share their insights on indicators like foreclosure rates rising "like popcorn" and increased open houses, which suggest a market cool-down. They also discuss personal perspectives on whether it makes sense to buy or sell in today’s environment, with high interest rates deterring many from selling properties with low fixed rates. The hosts agree that while a major crash seems unlikely, a market correction may be on the horizon, with potential shifts after the upcoming election.

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