Of 437 local area listings in the last 3 month, only 149 have sold. That leaves 288 unsold properties. More and more of them will be taken off the market, as sellers decide to hold out and wait for higher prices in the future.
The reason: Stagflation. The economy is crashing worse than ever before, while prices are rising the fastest in 40 years. The Federal reserve raising interest rates is causing a lack of interest in major purchases, this is especially true or lofts near Skid Row. Skid Row and nearby neighborhoods have been all but abandoned by the local government. This is causing crime to remain out of control. Little Tokyo shopping promenades are suffering from attendance and fewer sales as homeless and criminals scare away and assault would-be shoppers. More Loft Blog readers are asking to see lofts and condos that are not in Downtown. That article will be posted in the coming days.
The solution: Leverage technology and people to find a match! ENTAR REAL ESTATE! — Home Buyers, Sellers, Renters, Landlords and Investors: Buy and Sell with us! We are
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REAL ESTATE AGENTS WILL MAKE $100,000 MORE THAN LAST YEAR GUARANTEED, OR WE’LL PAY THE DIFFERENCE. Agents should check out the high-level career with leads provided.
This above paragraph is a sneak peak at the new jingle for a planned potential upcoming incorporation and launch of the trillion dollar real estate company of the future, called Entar. Plan to see more and more mention of Entar on the Loft Blog because Entar shall possibly be formed into the parent company of the Loft Blog in the future. The good news is that Loft Blog readers can already take advantage of the new technology and new services today. The results is that DTLA lofts, condos and houses sell 44% faster, for 2% more money, and less hassle. Home buyers are guaranteed to save $25,000 when buying a loft, condo our house. Twice as many lofts for lease in Los Angeles with the Top Level Tour.
Find out how much your neighbor’s loft sold for. Fill out the online form:
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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.
