Search Results for: recession

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Real Estate Recession — Downtown Los Angeles Lofts Market Crash

REAL ESTATE NEWS (Los Angeles, CA) — The urban Downtown L.A. property market has been in a serious funk since October of 2022. Things were ok 12 months ago: January of 2022 showed a healthy 54 properties sold, while 2023 gets off to an extremely anemic start with only 9 properties sold in the Downtown …

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Real Estate Recession | Home Price Reductions in Downtown Los Angeles

As the Loft Blog recently reported, the average condo has dropped in value by around $100,000 in just the last few months. Rent prices, on the other hand are going up in response to continuing inflation, interest rates increases and purchase reluctance. In addition to price reductions, we can likely soon expect to see more …

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