Lofty New Homes For Sale in Los Angeles

REAL ESTATE NEWS

Often the coolest Los Angeles lofts are not in Downtown. Sometimes they’re not lofts, but lofty houses with super high ceilings. These new townhomes are almost sold out – only 1 or 2 remain, so make an appointment take a look at them right away in person 213-880-9910. These lofty new construction homes come with sky-high character and zero hoa dues.

Welcome to your brand new, name-brand home, one of only 9 strategically built architectural small lot homes in this new development. With central los angeles and northeast los angeles rapidly becoming the next big destinations for efficient living that is also sophisticated living among cool eateries, they are already nearly sold out. These modern dwellings designed by a well-known award winning architect, are an idyllic place to call home. Open concept with tremendous open space for entertaining, and real bedrooms with doors that close. They feature 3 bedrooms, 3 baths, outdoor patios, stainless steel appliances, hardwood and polished concrete flooring, 27 foot soaring high ceilings, clean lines, modernist character well appointed cabinetry and fixtures, 2 car garage, hilltop views and city views. Minutes to Downtown los angeles, the perfect location for any busy Angeleno. Near the 5 freeway and Alta Lofts Lincoln Heights. #newhomes #losangeles | VIDEO 1 | VIDEO 2

Lofty New Townhomes in Los Angeles

3 Beds, 3 Baths, 1,700 Sq Ft in the high $700s. 1,900 Sq Ft in the high $800s. For updated pricing or to make an appointment, call 213-880-9910. Walkthrough video:

We see a lot of high ceilings, but rarely this high! These look like modern urban loft condominiums, but they are actually single family homes with no HOA dues.

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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, seller 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.

Real Estate is Dead

Is real estate dead?

REAL ESTATE NEWS

Compared to the brisk real estate market of two years ago, real estate in Los Angeles and many other U.S. markets has fallen down and in critical condition. Fewer people are moving, as most prefer to stay put while prices are at all time highs, and many economists feel that a recession is looming. While real estate will never die permanently, the industry is already seeing a world-wide slowdown, which could turn into a panic-stricken sell-off when the next big recession hits. #realestateisdead

Most local real estate agents are going broke, with some even joining the ranks of the homeless. The number of real estate transactions in and around the lofty neighborhoods of Downtown Los Angeles and Lincoln Heights has fallen by 75% in the last year. Home prices are down more than 4%. Prospective home buyers say that they are in no hurry, content to wait for many months or years before making a home purchase. VIDEO

Even the billionaires are diving for cover. The developer of some of of the largest developments in California, OceanWide Holdings, has run into financial issues, deciding to call it quits and to unload many of its properties, including the half-finished OceanWide Plaza in Downtown Los Angeles. The flat-fee brokerage Purplebricks announced a withdrawal from the United States in July, two months after closing its operations in Australia.

Some chart watchers say that the recent political drama has been designed to keep our eyes off of the real news. The real numbers show a weak market that may soon bring a repeat of 2007. San Francisco is seeing drops in the real estate market. The San Jose area saw a decline of 22.2% from last year. Manhattan has been crashing for three years.

Some markets are up. Sales people and the real estate industry continue to put their best spin on things, but the numbers are clear. Nation-wide sales of previously owned single-family homes and attached properties both fell from October to November, according to recent data by the Greater San Diego Association of Realtors.

Single-family home sales fell 13% from 1,890 in October to 1,644 in November, while the number of attached properties sold dipped by 24.1% – from 980 in October to 744 last month. Sales of both property types continue to trend down from the housing market’s 2019 high water mark in May.

Those who are spending big bucks on renting the same place for many years should be aware that renters are usually the biggest losers of all because they stand virtually no chance of getting any of their money back. With time, home owners find positive long-term returns even when they purchase at the top of the market.

Google Trends shows that the very topic of real estate appears quite lifeless:

The whole subject of Real Estate is a fallen topic

Real estate prices in Downtown Los Angeles and many other areas are facing substantial downward pressure. This already unstable situation has a major risk of colliding with a major recessionary down cycle sooner rather than later. We are in no way saying that real estate is completely dead or permanently dead. There are always bright spots and a bright future for golden California real estate, especially if the state gets a handle on high taxes and homeless issues. At the moment, the financial gurus agree that we face an uncertain global economic outlook. The numbers show that now may be among the most lucrative time to sell before real estate gets hit with a big global recession wallop.

Find out what the home down the street sold for. Get a free list of recently sold lofts, condos or houses in the area. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale
Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Is real estate dead? Photo courtesy Wikimedia Català: Decay ruin are you dead? Mural per Velluters, València

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.