Observations / Look Back / Reflections of 2023, the Year in Review by a Beverly Hills Realtor...
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Observations / Look Back / Reflections of 2023, the Year in Review. by a Beverly Hills Realtor Endre Barath, thank you Dorie Dillard Austin TX for reminding me to post this. From a real estate perspective, the market was probably one of the more challenging I've seen in over a decade. This was the perception portrayed by the media as well as many other people. My observations are based on having been a Realtor for over 29 years, with 26+ being in the greater Los Angeles real estate market. My take is every year is challenging, just the challenges are different. Let’s not forget the Financial Crisis of 2007-2009 was certainly no picnic. When the recovery came, lenders tightened their standards for future home buyers. Ironically with the lower interest rates, buyers were able to affor...
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