Chantay at TruLine Realty in Los Angeles has written to let our readers know that the housing market in Los Angeles continues to rise
making it increasingly difficult for the middle class to purchase a home.
In Los Angeles the prices have begun to steadily increase higher and higher making some areas out of reach for the middle class or average consumer
Bidding wars have begun again. It’s fairly common to have multiple offers on any given house
It’s definitely a sellers market, a great time to sell and more than likely gain a considerable profit
Cash is king! More and more you are seeing investors and other purchasers coming in all cash, leaving the first time buyers with loans out in the cold
Is there lack of inventory?
Yes, there’s been a housing shortage and a true lack of inventory
Are housing prices stable or going up?
Prices have been rising, rising and rising some more. The lack of inventory has created numerous bidding wars shooting the price higher and higher
Are builders putting up a lot of new homes?
Only in a few segmented areas such as downtown, Inglewood (new football team coming) and Lancaster
Senior Real Estate Specialist