The Power Is Now Magazine | August, 2021

Page 101

By Briana Frazier

Whittier & La Habra on spotlight: Just how safe are the two cities for investors

T

he number one question that people have been asking themselves this year is whether the housing market will crash. This is understandable as the Great Recession left a lingering bad taste in most people. The current price appreciation and the beating the economy took when the pandemic hit has also fed the overall anxiety that the housing market is in a price bubble. A bubble that may burst at any moment. It is okay to have these worries as investing in real estate is a big step. To know whether a market is safe, you will need to analyze different metrics within it. These include: the state of the economy, interest rates, the supply and demand dynamics. Now, how safe are the Whittier and La Habra housing markets? WWW.THEPOWERISNOW.COM

INVENTORY It is no news that inventory all across the country has been slim, and California has been no exception. There have been more and more homes entering the market, but they are not nearly enough. Whittier, for example, in June had 157 new listings, a drop from the 172 homes listed in May. The number of homes sold in June was 150, increasing from the 115 homes sold in May. On the other hand, according to Zerodown.com, the number of homes coming into the market in La Habra is even smaller than that of La Habra. In June, there were 80 new home listings, increasing from the 68 from the month before. More homes sold in June, though, with 55 homes sold, 3 more than those sold in May. The numbers show that there aren’t still enough homes getting into the market. There may be an imbalance in the supply and demand dynamics, but it doesn’t signify a crashing market. For that to happen, the supply of homes must greatly outweigh the demand. The opposite is true for both Whittier and La Habra. l

101


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Articles inside

Women’s Equality Day

4min
pages 134-138

Let’s Talk About Foot Health

2min
pages 130-131

Special Feature: Focusing on growing Mental Health Issues in America.

3min
pages 128-129

CFPB: Lenders engaged in discrimination, redlining, and reported bad data!

5min
pages 120-121

Fannie Mae Economic Group Shines a Spotlight on what’s causing the housing market inflation problem in the country.

5min
pages 124-127

Forbearance loans continue to decline steadily.

3min
pages 122-123

Redfin Report: African Americans still face massive barriers to homeownership!

9min
pages 116-119

Housing Market Analysis. Is this the right time to invest in Richmond Market? , by Joe Fisher.

3min
pages 113-115

Los Angeles Housing Market

2min
pages 109-112

Whittier & La Habra on spotlight: Just how safe are the two cities for investors? , by Briana Frazier.

3min
pages 101-104

Expert Advice: should I invest in LA Housing Market, by Adrian Bates.

3min
pages 105-108

Expert Opinion: Sacramento Housing market is Red Hot Right Now!, by Robert Langston.

2min
pages 97-100

Is Oakland real estate market a good investment market right now? , by Kenneth Session.

3min
pages 93-96

Five facts no one is telling you about the San Diego Real Estate market, by Denise Matthis.

3min
pages 89-92

San Bernardino Real Estate Market Update: Housing market trends, Prices and looking Beyond, by Danon Burnside.

2min
pages 86-88

Real Estate Market update with Jenny Gonzalez: Corona CA Edition, by Jenny Gonzalez.

5min
pages 81-85

Looking at Irvine Housing Market Future opportunities for homebuyers, by Cornelius Jackson.

3min
pages 77-80

Meet Marc Morial, President of The National Urban League.

9min
pages 72-76

Just how safe is Fontana Housing Market? , by Ameer Elahee.

3min
pages 66-68

Appreciation rate, Trends, and Arizona Housing Market data, by Yvonne McFadden.

3min
pages 53-56

Top 5 hottest markets in the Inland Empire in 2021, by Kamesha Keesee.

5min
pages 61-65

5 housing market predictions for Arizona Housing Market in 2021, by Peggie Simons.

3min
pages 57-60

Making a good return on Property investment in Maryland, by Emerick Peace.

4min
pages 43-46

Texas Real Estate agents are Overwhelmed. The Future is in the South and Here’s Why! by Sharon Bartlett.

3min
pages 37-42

Opinion: Could Tech be the end for the Real estate Brokerage Firms?

5min
pages 20-24

Why North Texas Housing is Blazing Hot!, by Johnnie Morine.

3min
pages 33-36

The Housing Market Inventory is just about to get better. Here’s why!

5min
pages 14-15

Opinion: ways a buyer mess up when getting a mortgage, by Norman Green.

4min
pages 29-32

5 mobile apps in 2021 that will revolutionize your house hunting experience.

4min
pages 18-19

An economic Rebound for California What does this mean for the state’s high rising real estate market?

3min
pages 8-9

Mortgage Predictions: Just how low can mortgage rates go and for How Long?

5min
pages 16-17

The Great South Migration: An Era shaping Exodus for the Northerners real estate markets

8min
pages 10-13
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