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Concluding remarks
Housing market still doing unseasonably well
• Lots of buyer demand amidst all-time low rates
• Housing market data closed ABOVE 2019! Broader indicators are less rosy
• Still lots of folks on the unemployment rolls
• COVID getting worse before it gets better
• Ominous trends for the population and economy Keeping it really real
• Don’t throw your business in cruise control
• Inventory is low and continuing to get lower
• Time for get serious about supply & new construction
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CALIFORNIA ASSOCIATION OF REALTORS®