Five days after the L.A. Loft Blog reported significant drops in condo prices around Downtown, Forbes has released a list of ugliest market areas. The report pays attention to problems such as upside-down homes with negative equity, decreasing value and too many days on market.
States leading the way in real estate ugliness include: IL, NJ, VA, GA, MD, FL and CT. Fortunately, California is not on the ugly list. While CA has its issues, home values remain magnitudes higher than the ugly states thanks to sunny weather, diverse economy and lifestyle.
Top Ten List
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Reader Questions
Oh My God Corey Chambers – I’m not sure what this questions means, but is sounds fun. Perhaps it’s connected to some Corey Chambers other than the Los Angeles real estate broker. But, “Oh My God” sounds pretty dramatic, so let’s have fun with it. There is often plenty of drama at the L.A. Loft Blog. Haters love to give negative feedback; these haters are always competitors who covet the valuable information that is exclusive to the L.A. Loft Blog and the Corey Chambers Team. Sometimes they individuals who request additional help, but are not-qualified because they are professional music studios, pit bull owners or others who are difficult to place due to HOA rules and liability laws. The most dramatic OMG thing that has occurred recently is the softening of the local real estate market. This trend is seen as negative by some, and often ignored or overlooked by real estate professionals and the media. Falling home prices obviously have a very positive side for those considering making a move the next few years. Many prospective buyers are unaware that the current level of trepidation in the market makes 2019’s Fall season a perfect time to begin the search for the perfect home, and to begin placing several offers that make financial sense for the buyer while there is less competition from other buyers.
A favorite OhMyGod moment comes from the dramatic healing story of Children’s Hospital Los Angeles Patient Kairi and her very concerned mother.
1133 Hope St – Construction of the coming new luxury condominium tower building has been observed moving at a brisk pace, while nearby OceanWide Plaza has spent much time stagnating. For those who want a new highrise with views in South Park, 1133 Hope offers the promise of on-time completion in 2020. The concern about an attractive alley side facing Flower Street Lofts units has been addressed with a planned green wall. www.1133Hope.com
Los Angeles Loft For Rent – This is an easy one. For the Downtown area, this link has the lofts, condos and apartments for lease. For the rest of Los Angeles, lofts for lease can be found HERE.
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.