Category: home prices

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Downtown Los Angeles Real Estate Deals

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Let your loft pay for itself! Amazing historic lofts with Mills Act property tax benefits. #dtla #realestate #deals

FINAL HOMES ARE NOW SELLING IN HIGHLAND PARK, EAGLE ROCK AND L.A. RIVER

New single-family small lot homes with rooftop decks, and other new homes by the park and river from $739,000. Get on the New Homes Interest List

Want to increase your wealth? Did you know that the average homeowner has 44X the net worth of the average renter.  That’s right!  The average home owner is forty-four times as wealthy as the average renter?  Why is that?  The answer is simple. While renters pay their landlord’s mortgage and see ever increasing rents, homeowners pay their own mortgage and see ever increasing equity. Get a free list of homes for first time home buyers or visit NoRentLA.com

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FIND OUT WHAT THE HOME DOWN THE STREET SOLD FOR

Find out what the home down the street sold for

Get a free list of recent home sales with prices, addresses and photos.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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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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Loft Values Gain Value As Equity Grows

1100 S Hope Street
1100 S Hope Street

Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.

Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in prices across the country and their predictions for the following year.

The chart below shows the forecasted year-over-year prices for 2018 (predictions made in 2017). According to their predictions, the average appreciation over the course of 2018 should be 4.8%, which is still greater than the ‘normal’ appreciation of 3.6%.

If we layer in the actual price appreciation that has occurred this year, we can see that over the course of 2018, home prices have appreciated by an average of 6.9% and have outpaced projections all year!

What does this mean?
The tale of today’s real estate market is one of low inventory, high demand, and rising prices. The forces at work can be simply explained with the theory of supply and demand. That being said, if a large supply of inventory were to come to the market, prices may start to appreciate closer to the forecasted rate which would STILL be greater than the historic norm!

Bottom Line
If you are a homeowner whose house no longer meets your needs, now may be a great time to list your home and capitalize on the equity you have gained over the last year to make a significant down payment on your next home!

#lofts #DTLA

Find out what homes sold for nearby for a free report, Fill out the online form.

 

  Lofts For Sale     Map Homes For Sale Los Angeles

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

Macys Plaza now the Block by Historic Lofts
Macys Plaza now the Block by Historic Lofts

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.