December 2020 Downtown Real Estate Market Report

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Los Angeles Urban Real Estate Down Every Month of 2020 #realestate #market

December provided no exception to a year with a down property market every month. The number of listings fell, homes took longer to sell, the median home price fell and the total volume is down as compared to the same month of the previous year. | Blog Video

Number of listings down 8%. Average of 89 days on market (taking 26% longer to sell). Median price down 12.6%. Total volume down 11%. Based on MLS statistics for Downtown Los Angeles neighborhoods areas 23,42 and 1375.

Based on the most recent numbers (along with 10 years of forecasting accuracy by the Loft Blog), 2021 shall continue the trajectory set in 2020. Big cities shall continue to bear the brunt of declining home values, but more suburban homes shall begin slowing in price momentum. Now, more than ever before, wage earners and the middle class must take action to protect their income, assets and financial future by taking advantage of down markets and changing trends. Below are some of the top ways to safeguard finances by implementing new strategies that are in tune with our rapidly changing economy.

Bitcoin, physical gold / gold stocks, suburban residential income real estate, proven tech stocks / short loser stocks. As the Loft Blog predicted and reiterated no less than 20 times over the last 6 years, #bitcoin continues to beat the pants off real estate and every other investment. Prospective Bitcoin investors must learn how to buy, when to sell, how to profit and how to avoid mistakes. For free Bitcoin information, fill out the online form:

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Bitcoin rises above $29,000

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.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.

Bitcoin Rises Above $25,000 as Urban Properties Fall

Bitcoin owners got extra big Christmas gifts in 2020.

Congratulations to all of the smart crypto-cookies who have been making $1,000 per day over the last several days! The Loft Blog first mentioned Bitcoin in 2014 shortly after it bounced briefly above $1,000. We mentioned at that time that Bitcoin could potentially be more cool than a loft. In 2017, the Loft Blog reported that Bitcoin would continue on its path as a much better investment than urban real estate in terms of ROI return on investment. We demonstrated extraordinary upright temerity by suggesting that investors consider selling real estate to buy Bitcoin. History proven us super right on all counts. The information provided by the Loft Blog has proven to be the gift that keeps on giving. Amid big city property markets that have been devastated by hysteria and blight, suburbs have become the shining point of light, while Bitcoin has proven the financial saving grace for those who have taken advantage of it.

“I can’t believe how much Bitcoin went up.” — Will A.

Urban real estate shall be struggling for some time. To help readers further take financial advantage of a rapidly changing economic, real estate and tech landscape, we have launched Loft Blog Premium. It includes billions of dollars worth of money-making information of all kinds to help readers pull ahead of the pack. Try it risk-free.

Get a free report on how to simplify great financial results of real estate, financing, business assets, precious metals or cryptocurrencies. It’s free to get on the investor interest list. Fill out the online form:

Bitcoin investors have much to celebrate with big profits during 2020, and high hopes for 2021.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Names have been changed to protect privacy. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.