385 FBF: California Association of Realtors Housing Market Update & Trends 2020 Leslie Appleton-Young CAR NAR

Accredited Income Property Investment Specialist (AIPIS)

Today's Flash Back Friday is an interview Jason had with Leslie Appleton-Young of the California Association of Realtors which came out on Youtube last August 22, 2020. You can watch the video HERE.

Leslie Appleton-Young, the Chief Economist at the California Association of Realtors, provides a California housing market update and discusses trends resulting from the pandemic. She shares the data to help explain how the pandemic is affecting buyers and sellers and why the working class will continue to leave the state.

Key Takeaways:

[0:55] Intro

[7:00] Q2 GDP decline

[9:20] Housing demand is high, people are reluctant to sell

[11:57] Lack of inventory in California

[16:26] Sales bounced back in June after nearly 13 year low

[22:02] Working class leaving California, work from anywhere environment

[25:11] June home sales by region in California

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