L.A. Wildfires Cause a "FLASH CRASH" in Local Housing Market

Parts of L.A. look apocalyptic. More than 10,000 people have lost everything, and their homes are now worthless. Real Estate Expert and Southern California Native, Scott Walters provides housing market update.

Follow Scott Walters on YouTube:  @ScottWalters 
Contact Scott Walters: sachsrealty.com/scott-walters

#housingmarketcrash #realestatenews #mortgagerates

Todd Sachs, is a Maryland Real Estate Broker providing information based on his opinions and the opinions of others regarding the housing market, the U.S. economy, and geopolitics affecting Americans.

Todd Sachs is not a Mortgage Lender, CPA, Attorney, or Financial Advisor and any information provided in this video or any videos containing Todd Sachs including the descriptions and titles are for entertainment purposes.

This is not to be considered broker representation, legal, financial, or tax advice. All content including written, spoken, or implied is deemed to be true, but not guaranteed and based on opinions. It is your sole responsibility to verify any and all information for accuracy and correctness.

If you're currently represented by another Real Estate Brokerage, Todd Sachs is not attempting to solicit your representation.

Looking to buy or sell? We efficiently assist buyers, sellers, landlords and tenants in Maryland and across all 50 states through Sachs Realty's Broker Referral Network. 

Main Office: 443-318-4514
Maryland Broker License Number 607720
Equal Housing Opportunity

00:00:00 Introduction
00:00:52 Who is Real Estate Expert Scott Walters
00:03:28 Update on L.A. Wildfires
00:06:58 You can smell and taste the air quality
00:08:09 Scott's house burned down when he was a kid
00:10:38 How did the fires start
00:13:32 Were the hydrants dry
00:15:58 Santa Barbara Independent - California's Housing Market is About to get Worse
00:26:28 Foreclosures may result for many homeowners
00:33:40 Most people will be blindsided by this housing market crash
00:36:00 Housing market will "flash crash" in neighborhoods
00:41:50 Leaving California (why live here)
00:48:40 What's happening in San Francisco housing market
00:54:30 Housing correction is here, we're in the 100 year cycle