Los Angeles Real Estate – Page 5

REAL ESTATE NEWSThe number of properties available for purchase has recently shot up tremendously, as a whopping 251 homes have been listed for sale. The problem: only 16 properties sold in May. With so many for sale, and so few selling, it could take 16 months to get all of these properties sold. To make matters more clogged, the mainstream news media has been doing the worst job in recent memory when it comes to reporting economic woes. MSN and CNBC report that the flight to the suburbs is real and growing, as coronavirus changes the way people live. We’ve seen historic stock market volatility, historic job loss and historic drop in GDP, all surpassing the Great Depression, laying the foundation for The Greater Depression of 2020. The IMF agrees that the near future looks bleak. #losangeles #realestate #glut

13 loft condos now actively listed for sale at the Shybary Grand. Little Tokyo Lofts sellers are trying to unload active 6 listings. 10 units up for grabs at Bunker Hill Tower. 9 Skyline condos; a dozen lofts languish at Market Lofts; 9 new units at 939 Lofts; and at least a dozen lonely luxury units seeking owners at Metropolis. 28 listings have already reduced the asking price, with more likely to come. 17 listings show potential signs of distress, which could sometimes indicate more room for negotiation or price drops. SB Grand has recently been approved for FHA 3.5% down financing, which could help. | Blog Video

Unless the Fed creates runaway inflation through continued radical money printing (which it has indicated it could), prospective home buyers can expect to see more inventory and more falling prices in the coming months.

Get a free report on any Los Angeles condo building. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/qfiw5af183uzz7/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Los Angeles sees glut of homes for sale as prospective buyers head for the suburbs

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.

Why is it so hard to find honest real estate news for a big, sprawling metropolitan area such as L.A.? #realestate #losangeles #market

We only know of about three resources that have provide timely, truthful information about such forbidden topics as falling real estate prices, crime, homeless tent encampments, pit bulls, 5G radiation and other prohibited LA topics. Those who bring up these subjects find themselves subjected to attacks including censorship, ridicule and deplatforming. Fortunately, there are a few media that we can count on who are not afraid to broach these subjects. In addition to leader L.A. Loft Blog (which was just threatened with legal action today for daring to write about a murder that occurred at Flower Street Lofts two years ago), The Real Deal (accurately reported on falling Downtown real estate market a year ago); and Bloomberg (confirmed previous news reported by the L.A. Loft Blog) are the only media that have recently reported the truth about tough topics like the declining Downtown real estate market, defaulting real estate developers and falling property prices. The Loft Blog will not hesitate to report about real estate related crime and event the skeletons in our own closet like financial issues that have plagued most Downtown real estate professionals recently in a marketplace that has shrunk by 75%. | VIDEO

Homeless Real Estate Agents

Being the entertainment capital of the world, it’s understandable that the community of Los Angeles will always be a local culture that’s extra sensitive to the audience, skillfully presenting media crafted in a way carefully designed to evoke a planned emotional response. The L.A. Loft Blog will always consider the audience, but will never put fake emotions or quick bucks above our responsibility and reputation for the truth. In an upcoming post, we will discuss today’s serious problems with real estate agents. Real estate salespersons are the last to ever admit their personal challenges. More than just business challenges, for some agents, it has led to recent cases of homelessness and even suicide.

Economic beauty is in the eye of the beholder. Falling real estate prices might be considered bad news in general, but it’s good news for today’s home buyers and tomorrow’s investors. The well-prepared, financially astute can always benefit from most any economic situation. Many investors rely on the big bargains uncovered during recessions in order to achieve their biggest expansions. As billionaire investors Warren Buffett succinctly puts it, “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” It may be difficult to tell which is which, so the L.A. Loft Blog clarifies to our readers that today, the financial news and stock market coverage tells us the truth: Others are GREEDY. The very smart readers of the LA Loft Blog know what to do: Get FEARFUL.

Get a free list of 7 Deadly Seller Mistakes and How to Avoid Them. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/m1cw4lkb02gdrvz/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Tag: Los Angeles Real Estate

Downtown Los Angeles Real Estate Inventory Explosion: Desperate Sellers Debut

The Truth about Real Estate in Los Angeles

Share this:

Share this: