By Jenny Gonzalez 123rf.com
Real Estate Market Update with
Jenny Gonzalez: Corona CA Edition
T
he Corona market, like in many parts of the country, is very hot. The limited housing supply and high demand have characterized the Corona housing market. Prices for homes have appreciated, and buying a home is now very affordable with the historically low mortgage rates. The available inventory is flying off the marketsomething that makes you wonder if it is at all possible to buy a home in the current housing Corona Market. Is buying or renting wise? Before making any decision, you must first look at the current trends.
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SELLERS’ VS. BUYERS’ MARKET. The Corona housing market is a strong seller’s market, and according to real-time data from Michael Lewis Marketing Suite, the market is moving from 97 to 95 on the Richter scale: a drop that might be attributed to more homes being listed on the market. The Corona market, as of June 30th, has seen an increase in the active listing. The housing market has 133 active listings—the highest seen since we started COVID. INVENTORY. There has been an increase in the inventory coming onto the market. The increase has had an across-board impact on real estate trends in Corona. The median l
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