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Home Ownership 2022 / 2023: Why Home Owners are Sitting Pretty

REAL ESTATE NEWS (Los Angeles, CA) — As the Federal Reserve hikes interest rates to a more historically normal level, we’re hearing and seeing fewer prospective home buyers in the Greater Los Angeles Area. Residential real estate prices today are near all time highs. Rents are also around all time highs. What many are not aware of is that home equity is also near all time highs, according to Money.com. This, along with relatively full employment and fairly normal financial condition of households (except for inflation), means that most home owners have no pressing reason to sell. Because home ownership and home values grow from inflation, today’s home owners are in an advantageous position.

While today’s lower number of transactions is sad for many real estate agents who were making a killing last year, the current situation is good news, favorable for the average home owner. Some home prices have dropped, but these are just the few who must sell quickly for personal reasons or out of their own decision to panic during a crashy stock market season. Even if inflation were to be quickly eradicated, which is not happening, most home owners would prefer to watch and see rather than engage in panic selling. As the Loft Blog projected, home prices are not massively plummeting any time soon, so long as inflation continues to apply upward pressure on most prices. Landlords and investors are doing well, as are most other residential property owners.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker 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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Barranca Studios Apartments 2020 Barranca St, Los Angeles, CA 90031 Tour Video

Construction 99% complete. New units FOR LEASE — Applications now available

The new apartments are now open and accepting applications. Loft dwellers appreciate the polished concrete floors and industrial neighborhood location. All units are normal 12+ month lease. Applications now available. Construction is close to 99% complete, and move-ins should be happening soon.

Nice new kitchens and bathrooms. Some have really nice exotic wood grains, while others have possibly questionable shades of blue or green cabinets. Residents will definitely be smelling lots of delicious food. Residents might put on a few lbs. With a food court, Bread Lounge opening soon, and 6 barbecues in the courtyard, there will always be something delicious in mind at Barranca. Here are some photos and videos of the units and building.

Get a free list of Barranca Studios apartments and similar buildings nearby available for lease. 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 with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the owner, management 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.