Month: November 2021

Posted on

Here is Why You Should List Your Loft During the Holidays in 2021

The holiday is not the peak listing time for Los Angeles Loft Real Estate Sales and Leasing. But the current situation, namely a super-low supply of homes coupled with great demand, is not typical. Usually, there are fewer buyers than in May or June, meaning homes tend to take longer to sell during the holidays. So sellers often wait to list until spring. But this year is one like no other. See what’s on the market now; check out the Lofts Reviews of Biscuit Lofts here.

There are fewer lofts for sale during the winter months anyway. In this current market, inventory is already at historic lows. So owners who want or need to sell a loft during the 2021 holiday season probably won’t have too much competition.

Although there are also typically fewer buyers during the holidays, it’s still very much a seller’s market right now. However, the buyers who are looking during the holiday season are serious about making an offer.

Many lofts and their buildings look especially festive during the holidays, with holiday lights, wreaths, and outdoor displays. This means the holidays can impart an inviting, homey feel to a listing and the surrounding downtown neighborhoods. 

Low-interest rates equal lower monthly mortgage payments. But, unfortunately, next year the rates are expected to rise significantly. Earlier this year, the Mortgage Bankers Association (MBA) reported that when interest rates barely rose, from 2.96% to 2.98%, mortgage applications fell 5.1%. This shows that even the slightest fluctuation in interest rates can make a significant difference in buyer behavior.

#homesellers #holidaylistings

Fill out the online form to get new loft listings.

Today’s situation is unlike years past when the advice would typically have been to wait until spring to sell, if possible. If you’re on the fence about listing during this holiday season or waiting for spring 2022, there’s really no reason not to list now. Either way, it should remain a seller’s market for at least another year.

Source Story from USA Today

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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

Use holiday decorations to boost your properties curb appeal

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

Posted on

California Housing Bubble a Worrisome Trend for First Time Loft Buyers

Don’t turn your back on the affordability gap between California and the rest of the U.S.

Housing Price Bubble? How big is it?

On a scale of 0 bubbles to 5 bubbles, five being the most severe danger of a burst bubble, one Southland writer sees this as a difficult time for the California housing market.  Adding all of the numbers, the current real estate bubble is at least a 3 out of 5. Inflation is the key ingredient mitigating this bubble.

Market watchers caution that the lack of affordability is worrisome for California’s housing market. The state is consistently 20% to 30% less affordable than elsewhere in the United States. Here in Los Angeles, the Loft Market is locked in a price and demand deadlock. As a result, sellers are reluctant to reduce prices while demand remains strong.

BISCUIT COMPANY LOFTS FOR SALE   |   FOR LEASE   |   UNLISTED   |   NEW

Yes, this past summer produced a slight narrowing of this California-vs.-U.S. homebuying affordability gap from earlier in the year. That’s when this spread was at its widest since the end of 2007 a decade ago. However, it sharply lowered the chance a typical Californian can become an owner even with historically cheap money. As a result, banks and Investors are cannibalizing the market buying up homes and, in turn, pushing up prices. 

… today’s overheated pricing is all about “simple supply and demand.” Well, demand means having buyers who can afford to buy.

This shrinking affordability is even more troubling when mortgage rates have nowhere to go but up. One big reason is that inflation — an essential factor in setting interest rates — is heating up.  The safer, newer, cleaner suburban single-family neighborhoods have shot up the most over the last 18 months. Much inner-city and urban real estate has held steady or dropped in price during the virus hysteria. Affordability is historically quite good in high-crime, high-homeless areas of inner cities, such as Little Tokyo Lofts in Downtown Los Angeles.

According to the Consumer Price Index since 2000, U.S. inflation has averaged 2.2%, while rates on 30-year mortgages averaged 5%, according to Freddie Mac. So historically speaking, loans are usually priced 2.8 percentage points above these cost-of-living increases. Yet this fall, inflation was around 6% while this benchmark for mortgage rates — kept artificially low with Federal Reserve help — averaged 3.1%. That’s 3.1 points BELOW the inflation rate.

Unfortunately, real inflation is higher than that. In fact, Thanksgiving dinner costs 14% more this year. Because the Federal Reserve and federal government have indicated that there’s no limit to radical monetary policy and government spending, and there’s no serious capitulation about inflation by the current administration, we can assume that inflation shall continue to grow. Real inflation with insufficient real growth, or stagflation, is likely to mitigate and obfuscate real estate bubbles for years. #realestate #bubble #marketupdate #entarispowerful

Fill out the online form for information on industrial warehouse lofts:

Industry cheerleaders will shout that today’s overheated pricing is all about “simple supply and demand.” Well, demand means having buyers who can actually afford to buy.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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

Warehouse Style Lofts Are Great for both residential and Commercial Applications

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.