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
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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.