Los Angeles Real Estate Blog

Los Angeles Home Price Increases Are Expected to Slow

The recent fast appreciation of Los Angeles homes has some people worried that we are heading into another housing bubble. Data from Case-Shiller as well as the California Association of Realtors shows that the median price of homes sold in Los Angeles rose a whopping 25-32 percent over the last year! Los Angeles Home Priced have Appreciation 31% this year Higher home prices do not necessarily equate to a bubble.  The last boom was due to banks’ irresponsible lending practices and sales of mortgage-backed securities coupled with unwarranted over building of new homes. Think of all the downtown L.A. lofts that ended up being leased rather than sold when the bottom dropped out. This time around, price appreciation is due to low interest rates and a low inventory of homes for sale.

 Los Angeles Homes Prices...

Going on Vacation When Your House in Los Feliz is For Sale?

When you want to sell your house but it's time for your annual vacation, go ahead and go. Relax, enjoy yourself, and perhaps your house will be in escrow before you get home. It's better to get your home on the market sooner rather than later since Los Angeles home buyers are still out in force. Don't miss your moment but don't go away and worry either. Don't postpone your family vacation to sell your Los Feliz home
To make sure that can happen, add these steps to your pre-vacation checklist:
  • Let your agent know when you're leaving, how long you'll be away, and how you can be reached when you're away from home.
  • You may need to receive documents if an offer comes in while you're gone – plan ahead for that contingency.  If you have a smart phone or Internet access to your email,...
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