In today’s episode, Richard covers three critical topics shaping the South Bay and California real estate market this year. First, Richard dives into inventory levels across the South Bay and how they’re being impacted by elevated interest rates. Next, he unpacks C.A.R.’s recently published California Housing Affordability Index. Richard breaks down what that means for pricing, and then zooms in on the real numbers for the South Bay. Finally, he shares anecdotal evidence from his own recent transactions, including deals in Golden Hills, San Pedro, and two new standout listings in the Manhattan Beach Sand Section, to illustrate how these affordability metrics play out in the real world. If you're trying to make sense of today’s market, this episode will give you both the numbers and the nuance. For more South Bay real estate insights, subscribe to Richard's weekly blog at https://haynesre.com/blog