Month: August 2022

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Downtown Los Angeles Real Estate Market Report July 2022

REAL ESTATE NEWS (Los Angeles, CA)The July numbers are in, and they are telling. Last month, the Loft Blog reported that rents and home prices were still going up around Downtown L.A. Let’s take a look to see if that’s still happening in the July 2022 property market. Average price is way up!

2021: 48 listings; Average Days on Market 47; Median Days on Market 37; Median Price $525,000; Average Price $568,216

2022: 42 listings; Average Days on Market 50; Median Days on Market 25; Median Price $627,000; Average Price $939,245

Continuing the trend that we’ve seen for many months, fewer sellers are selling, fewer buyers are buying, and prices are up sharply. Stagflation continues. The major trend of inflation and economic stagnation are easy to see in Downtown LA.

Find out what your neighbors condo sold for. Get a free list of recent home sales, along with a list of homes currently listed for sale. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Reali, Inc, CalDRE 01889449. 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 subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Communist China Real Estate Crash Leads to Total Economic Collapse

Aftershocks expected in world economy

Real Estate News (Los Angeles, CA) — While Los Angeles and U.S. real estate has not felt much effects of the economic collapse in China, the ripple effects in the global economy are coming — from investment capital to supply chain collapse. Due to the nature of a world economy, as China goes, so goes the world.

There is a lack of follow-through on building projects, forcing many mainland China homeowners unable to get by living in unfinished apartments. See the video story here.

Citizens have lost confidence in the banks in China, and the government is helping to cover up the scandal. See the whole story here.  

Six billion dollars in regular people’s savings were lost in a banking scandal. See the tragic consequences here.

Bank of Sichuan staff in China posts in public forum: ‘It feels like the end of world.’ 
ICBC the worlds largest bank suffers crippling cash shortage leading to a run on the bank brances across China. – Money is gone! 

Intenet reporting continues to show consistent economic collapse in the wake of covid lock downs, along with economic failures in housing and commercial markets. By some accounts, China has already collapsed .

What do you expect the effects of the economic collapse to be in your life? #comment.

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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

#icbccollapse #chineseeconomynews

World economy braces for the coming pains

Copyright © This free information is provided courtesy of 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. EAC22080202KT 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.