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

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.

0:00 Intro
6:00 Q2 GDP decline
8:12 Housing demand is high, people are reluctant to sell
10:49 Lack of inventory in California
15:18 Sales bounced back in June after nearly 13 year low
20:54 Working class leaving California, work from anywhere environment
24:03 June home sales by region in California

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