Published On Feb 27, 2024
To see the AI forecast for your zip code visit: www.ZipSmart.ai
Find out why this spring/summer will be be the worst housing market in 5 years. In this video, we delve into the major shifts happening in the Los Angeles housing market. By examining traditional indicators like supply, demand, and days on the market alongside insights from an AI-generated model, we conclude that the upcoming spring and summer of 2024 could mark the worst housing season in the last five years for Los Angeles.
Covering Los Angeles County as a whole and offering a detailed forecast for Beverly Hills, we explore factors such as mortgage rates and immigration trends that impact different segments of the market. We also discuss the implications of new listings outpacing sales, rising days on the market, and shifts in the pending ratio.
Utilizing a comprehensive AI forecast, we project market trends for the coming months and provide insights into buying and selling opportunities. Additionally, we encourage viewers to engage by requesting coverage of specific neighborhoods or counties in future videos.
As we navigate these changes, it's essential to stay informed and monitor the evolving landscape of the Los Angeles housing market. Subscribe for updates and join the conversation in the comments section. Let's explore together how AI analysis can enhance our understanding of real estate dynamics and empower better decision-making.
Forecasts are subject to change; as conditions change, forecasts change. Probabilities are not certainties and high confidence levels do not guarantee that the predictions will occur. The model updates weekly based on CME data and monthly based on housing data. If these data points change dramatically, forecasts could also change dramatically. The model cannot predict "black swan" events. Use this tool in conjunction with the advice of real estate professionals and advisors. Always validate the forecasts with traditional indicators and what's actually happening in the market
๐ท If you wish to hire Arvin as your agent for purchase or sell of your property in California, email us at: [email protected]
License: California DRE #1930604
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Are you having a difficult time selling or purchasing a property? You can book a consulting call from anywhere in the world with Arvin on a one on one setting by clicking on the
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๐ [It's important to note that the content of Arvinโs videos is solely his personal opinion and they are made for entertainment and educational purposes. His brokerage or video sponsors do not necessarily share his opinions. Property analysis is subjective in nature thus Arvin does not guarantee the accuracy of the information presented in his videos, please see the properties in person, review the information available online and contact the city to help you form your own independent decisions.]
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