{"id":12742,"date":"2021-04-28T09:00:00","date_gmt":"2021-04-28T16:00:00","guid":{"rendered":"https:\/\/www.roomvu.com\/academy\/?p=12742"},"modified":"2021-04-28T22:03:38","modified_gmt":"2021-04-29T05:03:38","slug":"southern-california-home-prices-up-15","status":"publish","type":"post","link":"https:\/\/www.roomvu.com\/academy\/southern-california-home-prices-up-15\/","title":{"rendered":"Southern California Home Prices Up 15%"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"178\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Check out my latest video Southern California home prices up 15%\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/T0SJmmZ33zM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"has-drop-cap\">The pandemic has left many businesses broken. Real estate, however, is experiencing a housing boom despite restrictions and limitations. One thing for sure is that technology has saved real estate from the sad fate experienced by other businesses. <strong>The Southern California housing market<\/strong> saw an increase in home prices for the <strong>eighth<\/strong> month in a row.&nbsp;<\/p>\n\n\n\n<p><strong>Median home prices<\/strong> increased by <strong>14.5%<\/strong> from a year earlier to <strong>$630,000<\/strong>, a record high according to real estate firm DQNews increasing the number of sold houses, condos, and homes by 32.2%.<\/p>\n\n\n\n<p>Even before the pandemic, the housing market was heating up. After the pandemic, to save the real estate market, <strong>low mortgage rates<\/strong> and people\u2019s interest in more space, increased demand in the market. On the other hand, fearing the unknown future, homeowners are less interested in selling their homes. But how much longer will this trend continue?<\/p>\n\n\n\n<p>Low mortgage rates have allowed homebuyers to bid up prices while keeping the monthly payments almost the same. Experts believe the same trend will continue unless mortgage rates increase and something happens to the economic recovery for some reason.&nbsp;<\/p>\n\n\n\n<p>Analysts at John Burns Real Estate Consulting predict that by December 2022, prices in California will probably have <strong>increased roughly 6%<\/strong>. Low supplies and increasing demands are the reason for this trend. And these trends seem to stay. At least for the next couple of months.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pandemic has left many businesses broken. Real estate, however, is experiencing a housing boom despite restrictions and limitations. One thing for sure is that technology has saved real estate from the sad fate experienced by other businesses. The Southern California housing market saw an increase in home prices for the eighth month in a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":12745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[917],"tags":[],"class_list":["post-12742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Southern California Home Prices Up 15% - roomvu Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roomvu.com\/academy\/southern-california-home-prices-up-15\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Southern California Home Prices Up 15%\" \/>\n<meta property=\"og:description\" content=\"The pandemic has left many businesses broken. Real estate, however, is experiencing a housing boom despite restrictions and limitations. One thing for sure is that technology has saved real estate from the sad fate experienced by other businesses. The Southern California housing market saw an increase in home prices for the eighth month in a &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.roomvu.com\/academy\/southern-california-home-prices-up-15\/\" \/>\n<meta property=\"og:site_name\" content=\"roomvu Academy\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/roomvu\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-28T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-29T05:03:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Southern-California-Home-Prices-Up-15.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"723\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Academy Content Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Academy Content Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Southern California Home Prices Up 15% - roomvu Academy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roomvu.com\/academy\/southern-california-home-prices-up-15\/","og_locale":"en_US","og_type":"article","og_title":"Southern California Home Prices Up 15%","og_description":"The pandemic has left many businesses broken. Real estate, however, is experiencing a housing boom despite restrictions and limitations. One thing for sure is that technology has saved real estate from the sad fate experienced by other businesses. 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