home prices – Page 22

Falling, falling… down, down. Downtown L.A. home prices shave off more than $90,000

REAL ESTATE NEWS | Blog Video

The August 2020 home price data is in, and the property market report has been prepared. Residential property values fell by a hefty hunk. Compare this year to last:

August 2019 Median Sold Price $647,000

August 2020 Median Sold Price $539,000

That’s a major drop of $92,000 from Aug ’19 to Aug ’20. Homes sold much faster as home sellers became more motivated in 2020. Last year, sellers took their sweet time, selling in around 68 days. This year, sellers unloaded their properties in a median time of only 31 days. These statistics pertain to Downtown Los Angeles and nearby loft neighborhoods MLS areas 23, 42 and 1375.

Urban LA rental prices have dropped just a bit.

How much is your home worth? Find out how much the loft down the street sold for. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/qbg942419l39cs/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

DTLA loft prices dropped a bit while urban condo prices sink like a rock

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the 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.

100 trillion dollars is not much money after you’ve printed too much of it.

REAL ESTATE NEWS

The Loft Blog recently reported on Warren Buffett’s dash into gold, which signals likely trouble for the U.S. Dollar. #inflation #realestate

Stagflation should now be on everybody’s mind as many prices skyrocket, including food, household goods and building supplies. Urban real estate such as Downtown Los Angeles bears the brunt of the economic downturn, while suburban residential real estate does ok, benefitting from the big city exodus, super low interest rates, radical fed money printing and a falling dollar. Despite talk of a sharp v recovery, the radical lockdowns of 2020 will take time for extensive economic damage to become apparent, and shall require years to unwind. Even suburban real estate will take a beating as the Greater Depression of 2020 turns into a multi-year crisis.

Sadly, more and more economists are agreeing that the U.S. Dollar is being vastly over-printed, and getting positioned to plummet. Nobody knows just how long it will take for the greenback to go full Zimbabwe, but it’s only a matter of time before America’s saving grace, the world’s only reserve currency, loses its might.

The U.S. economy is currently in a Great Depression type of funk due to virus hysteria and panic lockdown aggravating what would have been a regular 1-year recession. The federal government is overreacting by conjuring up way too much helicopter money, which directly cheapens the money supply. The good news for investors: equities like stocks, along with physical assets like gold and real estate, all generally perform well when currencies are taking a beating. Digital cryptocurrencies like Bitcoin also perform better when traditional, old-fashioned fiat money is devalued.

How much is your home worth? Get a free online home evaluation. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/m11p2tio1u34stq/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Category: home prices

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