Your SoCal Home REAL ESTATE NEWS IS READY! (click here).
In this month’s issue:
*Labor Day is a backwards holiday!
*How Your Referrals Help the Kids who most need it!
*Photo’s of the action and more in this months SoCal Home REAL ESTATE NEWS (click here).
Go Serve Big!!!
Corey Chambers
Your Home Sold Guaranteed
P.S. Your referrals help the Kids…
Our Go Serve Big mission to raise $25,000 for Children’s Hospital is on and we could use your help. As you probably know Children’s Hospital does great work in helping kids fight through and survive nasty diseases and cancers, as well as early diagnosis of autism and spinal cord injury. And since Children’s Hospital is a nonprofit, they depend on Sponsorships and Donations to continue their leading edge care and keep costs down for the families of these amazing kids. We remain committed to donating a portion of our income from selling homes to the great work that they do. So YOUR REFERRALS HELP THE KIDS!
Anyone you know considering buying or selling a home please refer them on over to my real estate sales team. Not only will they benefit from our award-winning service, but a very worthy cause will benefit as well. You can always call me direct at 213-880-9910 or forward my number on.
Thank you so much for checking out this month’s SoCal Home Newsletter and supporting our Go Serve Big mission. Have an awesome Month!
U.S. housing market may be shifting, say some real estate economists #realestatemarket
Some homeowners are cashing out while prices are relatively high
REAL ESTATE NEWS
The housing market has tilted sharply in favor of sellers over the past two years, but there are very early preliminary signs that the winds may be starting to shift ever-so-slightly,” reports Zillow senior economist Aaron Terrazas. And according to Redfin, the year-over-year price growth rate for U.S. home sales has been dropping for five straight months and hasn’t been this low since September 2016. DETAILS
Housing tipping back to a buyer’s market as sellers cut prices
CNBC reports this week that home price growth is slowing in nearly half of the 35 largest U.S. metropolitan markets. After several years of substantial home price gains, the market seems to have found a limit to what people can afford. Some home sellers are starting to respond by lowering prices. RE/Max reports that several American housing markets are down year over year, while inventory has started to rise nationwide. DETAILS
HOME SELLERS: Find out how much the home down the street sold for
FREE COMPUTERIZED LIST WITH PICTURES OF AREA HOME SALES AND CURRENT LISTINGS — CLICK HERE
For a Limited Time: 2% Total Listing Commission
Get a free online home evaluation that includes a list of recently sold nearby properties and active listings for sale with prices and descriptions. Call (213) 880-9910 or visit www.LALoftPrice.com. Offer valid on Downtown lofts listed with the Corey Chambers Team by 9/19/18.
Southern California home sales plunge as housing inventory continues rising. Will home prices in Cali fall next? #homesale
https://www.youtube.com/watch?v=NFebagLaqnM
BREAKING NEWS
LOS ANGELES, CA (August 15, 2018) — Downtown Los Angeles is today feeling coolness in the real estate market. Publisher of the L.A. Loft Blog real estate broker Corey Chambers says, “The readers of the L.A. loft blog are some of the smartest in the world, so I have learned to really listen to them to find the truth in everything real estate.” He continues, “They are largely holding tight, very steady today. And this seems the most prudent course for most as prices are relatively high and the U.S. is today far along in the economic cycle.”
Based on the feedback from L.A. Loft Blog readers, many renters have decided to protect themselves against future skyrocketing rents have been buying homes. New families created in Downtown L.A. usually sell their loft to buy a house in the suburbs within a few years after having a baby. Some are always selling because they want to spend the money on buying a larger home somewhere else, or they have other plans for the money.
The number of motivated buyers has been dwindling in DTLA for several years. Just in the past few months, the number of loft buyers has nearly evaporated. “Not only the Downtown Los Angeles area, but all over California, real estate professionals have recently reported that the number of buyers they are seeing is down sharply. So it makes sense that those who are ready to sell are doing so.” Known for providing many years of accurate market calls, Chambers today warns that next year is likely to offer a diminishing return for sellers, with fewer buyers than 2018. Those who are considering selling a home may see a longer sale period with a lower sale amount for 2019/2020.
