For Real Estate Predictions, Housing analysts are closely watching the Western region’s housing market for signs of what may be to come for the rest of the country. After all, the West was the first region to crash in the mid-2000s, and the first region to start recovering.
Existing-home sales nationwide dropped 3.2 percent in October. But the drop in sales in the West was largely due to a shortage of homes for sale. 'In the West region, there is a significant shortage of inventory, so you have buyers who are looking for the right home unable to find it and unwilling to commit,'
'But because of the inventory shortage, one is still seeing strong price increases in the West.' To Learn more about the market watch our video.
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