As Los Angeles Real Estate Cools, Some U.S. Housing Markets Turn Ugly

Five days after the L.A. Loft Blog reported significant drops in condo prices around Downtown, Forbes has released a list of ugliest market areas.  The report pays attention to problems such as upside-down homes with negative equity, decreasing value and too many days on market.

States leading the way in real estate ugliness include: IL, NJ, VA, GA, MD, FL and CT.  Fortunately, California is not on the ugly list. While CA has its issues, home values remain magnitudes higher than the ugly states thanks to sunny weather, diverse economy and lifestyle.


Top Ten List

Los Angeles Area Flash Flood Watch

Flash Flood Watch  #losangeles
los angeles flash flood watch
the Los Angeles area
8 hours ago – National Weather Service

abundant tropical moisture … In addition, roadway flooding is likely, especially in low lying areas, along with rock and mudslides on canyon roads and below steep terrain.  #flashflood #watch

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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.