December 2021 – Page 9

Crypto.com’s bid to replace Staples as the iconic South Park title sponsor, Los Angeles sports center appears to have already paid for itself. The CRO token surged more than 55% since the announcement and reached a record high last week, according to CoinGecko. Now it’s the 13th-biggest by market capitalization at about $18 billion. Its gains come as many other top cryptocurrencies, including Bitcoin, Ether, and Binance Coin, fall back.

The downtown Los Angeles arena will officially become Crypto.com Arena starting Christmas Day as part of a $700 million naming rights deal. South Park is the neighborhood where the Arena is located and is also a popular place to find an apartment or loft.

#Entarispowerful #southparkla

It seems the only thing a cryptocurrency company has to do is advertise to make a significant gain. It reminds us of the .com boom. When anything ending in .com was hot. What do you think? Leave a comment here?

Crypto.com wants to bring clarity of thought to its market. “We think about the message we want to deliver before we speak and know what is important and what is not. So we are concise and articulate, putting effort into making things simple and easy to understand”.

Looking for a South Park loft or apartment to lease in DTLA? Fill out the online form:

<a href="https://laloft.wufoo.com/forms/q3za5li091anda/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Crypto.com wants to bring transparency and understanding to its market.

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.

Looking ahead to 2022, where will home prices go?

REAL ESTATE NEWS

Demand for new homes has grown, driving up home prices up to 18% over the last few years. It’s been years since home prices have increased that much. The current expectation is that home prices will continue to rise, but at a much slower pace. Somewhere between 2% and 12% for the coming year, 2022, is what national lenders are projecting. With a ten percent swing in projections, it’s clear there is not a consensus of what the rate of U.S. home price growth will look like in 2022. When discussing home prices, remember that local and national markets and prices vary substantially. Inner city real estate often does the exact opposite of suburban or rural real estate. When the safest suburban neighborhoods shot up during the virus hysteria, urban home prices dropped. Take a look at what the Downtown Los Angeles real estate market is doing recently in the November DTLA Real Estate Market Report.

There’s a consensus in the real estate industry that price growth will continue to decelerate as the current growth rate simply isn’t sustainable long term. One school of thought says that interest rates will start moving back up, which will cool demand for homes. Since rates can’t go much lower, that seems like a safe bet, according to Fortune Magazine. With an expected reduction in demand due to the higher interest rates, inflation caused by fed spending and radical Federal Reserve money printing may be the only forces keeping home prices from falling. Nobody can predict how long this stagflation will last before the inevitable economic recession of the Greater Depression of the 2020s occurs. #entarispowerful #homeprices2022. Share your experience buying or selling your home here.

In the market for a new home? Get on the new homes interest list to receive updates of new construction and shiny new developments that are not on the internet. Fill out the online form.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Month: December 2021

Downtown Los Angeles Staples Center Renamed Crypto.com Arena

Home Prices to Continue Rise at Slowing Pace in 2022

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