Category: home prices

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Downtown Los Angeles Condo Buyers Face Fewer Bidding Wars

REAL ESTATE MARKET NEWS

Now that the froth has been removed from the real estate market, home buyers are finding less competition and easier success when attempting to purchase a desirable loft,  condominium or house.   #realestate #market #home

CNBC reports that only about 16% of buyers are facing bidding wars recently. When buyers find a desirable home now, they can feel a bit more relaxed that another buyer is not going to immediately nab it.  While some real estate markets, such as Sacramento and Denver, are still seeing more than enough buyers, nearly all Downtown Los Angeles specialist real estate professionals say that the market has been noticeably soft for about six to twelve months. Many are saying that the market has shifted to a buyer’s market, meaning there are enough properties to choose from and perhaps not quite enough buyers to satisfy the needs of many sellers. #dtla

The real estate market has slowed across Southern California since last summer.  #prices

Find out what the home down the street sold for

Find out how much your neighbor’s loft sold for.  Get a free list of recently sold properties in Downtown Los Angeles or any neighborhood. 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 | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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.

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Mortgage Interest Rates Hit 52-Week Low – Fed Lowers Economic Forecast

REAL ESTATE NEWS

(Downtown Los Angeles)  —  The buyer’s market is in full swing as the Federal Reserve communicates that it doesn’t plan to raise interest rates for the rest of the year.

The signal is quickly sending mortgage rates lower. #mortgage #homeprices  #dtla

The average 30-year fixed rate mortgage has dropped to 4.34% from 4.4%, taking it to a 52-week low, according to Mortgage News Daily. That could be the shot in the arm the housing market needs to get out of its current lull.

After the Fed also lowered its economic forecast, however, it’s questionable whether or not consumer confidence will be strong enough to realize a boost in home sales.  The Fed appears to be following the same policy of diminishing effects, whereby the Bank of Japan caused decades of painfully slow economic growth, accompanied by prolonged stagnation of real estate.

Find out what the home down the street sold for

Recently Sold Downtown Lofts Request

Get a free list of recently sold home prices, along with a list of currently active for sale listings.  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 | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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.