CNBC reports that US existing home sales fell unexpectedly for the second straight month. #realestate #market #us
U.S. Home Sales Fall
The National Association of Realtors announced on Wednesday that existing home sales slipped 0.4%, the second straight monthly decline in sales.
The L.A. Loft Blog recently reported that prices are down sharply in Toronto, and the New York City luxury market is soft. There are also signs of a possible plateau in the West Los Angeles luxury market.
Interest rates have risen a bit. Fed Chairman Jerome Powell said the U.S. central bank should continue with a gradual pace of rate increases.
Downtown Los Angeles home prices continue to rise. DTLA home owners have an advantage, as the area has previously proven to be more resilient than most U.S. neighborhoods regarding home prices.
Arts District Downtown Los Angeles Penthouse Loft For Lease 500 Molino St #302
Meanwhile, rents are up 5% in the last year. And home prices in the Arts District are up.
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Lofts over Studios for the best Live/Work environment
Size matters. When it comes to a place where we live or work all day, or sometimes work all night, we need to find the right fit for our use and for our budget. In most residential units in Southern California, when someone says “studio,” it usually refers to a studio apartment, which is a very small rental apartment or condo unit without a separate bedroom. While this is a great fit for a single person and maybe a small pet it will not serve one well as an office as well. The architecture is very small and open, with the bedroom and living room one in the same. In Downtown, small lofts are not usually called a “studio” because Downtown is home to many photographers and other artists who are using their live-work loft as a professional photography studio or art studio and because most lofts are open lofts. Most lofts do not have separate bedrooms. Small lofts are usually referred to as a “small loft”. For lofts in Downtown Los Angeles, small is usually around 500 to 700 sq ft, a medium is around 700 to 900 sq ft, large is around 900 to 1,100 and very large would be around 1,200 or more. These are all subject to the interpretation of course, but these are the common numbers for many renters and buyers of Downtown L.A. lofts.
Here is a Loft up for sale with two bedrooms. in the Vero Lofts Buildingat 1234 Wilshire Blvd.. One bedroom would make a great work from home office. Spacious city view condo with 2 large master bedrooms, 2 full baths and balcony. Modern style building with 24 hrs security. Washer and dryer in unit. Rich, dark hardwood floors. stainless steel appliances, frosted glass barn doors, contemporary urban dwellings, illuminating views of the city. Thoughtfully designed with a 24-hour attendant and vibrant retail on the ground floor. Move in condition.
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