“We have not seen enough new construction or an increase in housing stock of any kind,” said UCLA Ziman Center for Real Estate Professor Paul Habibi. He hopes that activity will pick up in the spring selling season, but “regardless of seasonality, inventory has been very low.” Mr. Habibi, who is also a builder, landlord and developer, remains optimistic about the overall market. “There have been fewer sales, but the deals are happening at a higher price point,” he said.
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