Tag: real estate market

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10 Downtown LA Lofts and Condos That Just Had Their Prices DROPPED – Don’t Miss Out on These Deals!

On the 33rd floor of one of the tallest residential buildings in So. California, jetliner views on sale!

REAL ESTATE NEWS (Los Angeles, CA) — The deals are here! If you’re in the market for a new home in Downtown Los Angeles, now is the perfect time to start looking. This week, there are several properties that have had their prices reduced, making them more affordable for buyers. | DETAILS

Here’s a list of this week’s Top 10 Downtown Los Angeles home price reductions:

801 S Grand Ave #1610
530 Molino St #101
901 S Flower ST #506
849 S Broadway #101
1234 Wilshire Blvd #330
118 Astronaut Ellison S. Onizuka ST #307
121 S Hope St #420
1100 Wilshire BLVD #3309
1100 Wilshire Blvd #2401
100 S Alameda St #471
DETAILS

As you can see, there are a variety of properties available at different price points, from a studio-sized apartment to an extra large, industrial-style live/work open loft condo unit. Whether you’re a first-time homebuyer or looking for a larger space to accommodate a business and visitors, there’s something for everyone on this list.

One of the great things about buying a home in Downtown Los Angeles is the location. You’ll be in the heart of the city, surrounded by all the amenities that it has to offer. From world-class restaurants and shopping to cultural attractions and entertainment, there’s always something to do in the DTLA area. Plus, with easy access to public transportation and major freeways, getting around the city is a breeze.

Another advantage of buying a home in Downtown L.A. is the potential for appreciation. As the city continues to grow and develop, the value of properties in the area is likely to increase. This makes buying a home in the downtown area not only a good investment for your personal living space, but also a wise financial decision.

It is important to note that, while the price reductions of these properties may seem like a great deal, buyers should still be cautious and do their due diligence before making a purchase. It is always recommended to have a qualified home inspector check the property before closing the deal. This can help to identify any potential issues or repairs that may be needed before you move in.

If you’re interested in any of the properties on this list, be sure to act quickly. With deals like these, they’re likely to go fast. Call Corey to schedule a showing, or to find out more information about some of the properties.

In conclusion, these are the deals of the week in the downtown Los Angeles, and it is a great opportunity for the buyers who are looking for a new deal on a new urban home in LA. With a variety of properties available at different price points, buyers can choose the one that best suits their needs and budget. The location of these properties is also a great advantage, as it puts the residents in the heart of the world’s most powerfully creative city, with easy access to amenities, transportation, and potential appreciation of the value of the property.

Get a free list of the best deals. Fill out the online form:

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Molino Loft 1,850 Sq Ft with private patio PRICE REDUCED BY$80,000

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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Is Now a Good Time to Buy a House?

REAL ESTATE NEWS (Los Angeles, CA) — Looking at the real background of today’s crashing real estate market, how should we determine when might be the best time to purchase a loft, condo or house? As interest rates go up and the housing market falters, many Angelenos are today delaying, putting off a home search until they feel the market hits a low point.

Deciding when to buy a house is one of the biggest financial decisions that most people ever make. Not only is it an enormous financial decision, it’s also an extremely emotional choice. Anyone who has put in an offer, gone through a bidding war, then lost a home — or who got their dream home — would agree that the process can have extreme highs and lows.

The last several years have been increasingly confusing to potential home buyers. Virus hysteria hit us with tremendous fear, and created massive anxiety about the future of the economy. The initial panic spurred home buyers to put a pause on purchases. Eventually, lockdowns, remote work and remote learning inspired many to seek additional space. That, coupled with what was a low-interest-rate environment and low inventory, spurred bidding wars, sending home prices soaring.

Now that the Federal Reserve is hiking interest rates, with more increases anticipated in the coming months, there is upward pressure on mortgage rates. The average rate on 30-year mortgages has recently risen above 7%. This is more than double what rates were toward the end of last year. With higher borrowing costs, the Mortgage Bankers Association has reported that mortgage demand is 86% lower than it was last year. They anticipate slowing housing demand for 2023.

Now, there are fewer bidding wars, and we are seeing more price drops. Downtown Los Angeles home prices fell significantly last month as compared to the same month last year. With all of this financial havoc, many are asking if now is the right time to buy a home. The answer really depends on one’s needs and current financial position.

Get a free list of four questions to ask before making a home purchase decision. Fill out my online form.

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.