Category: Real Estate Market

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Home Ownership 2022 / 2023: Why Home Owners are Sitting Pretty

REAL ESTATE NEWS (Los Angeles, CA) — As the Federal Reserve hikes interest rates to a more historically normal level, we’re hearing and seeing fewer prospective home buyers in the Greater Los Angeles Area. Residential real estate prices today are near all time highs. Rents are also around all time highs. What many are not aware of is that home equity is also near all time highs, according to Money.com. This, along with relatively full employment and fairly normal financial condition of households (except for inflation), means that most home owners have no pressing reason to sell. Because home ownership and home values grow from inflation, today’s home owners are in an advantageous position.

While today’s lower number of transactions is sad for many real estate agents who were making a killing last year, the current situation is good news, favorable for the average home owner. Some home prices have dropped, but these are just the few who must sell quickly for personal reasons or out of their own decision to panic during a crashy stock market season. Even if inflation were to be quickly eradicated, which is not happening, most home owners would prefer to watch and see rather than engage in panic selling. As the Loft Blog projected, home prices are not massively plummeting any time soon, so long as inflation continues to apply upward pressure on most prices. Landlords and investors are doing well, as are most other residential property owners.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.

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More Real Estate Agents are Failing Now than Ever Before

Out of the Pandemic, into the Recession — Use the Entar system to survive the storm.

How to Avoid Being One of the Thousands of Real Estate Agents Who Will Not Survive the Economic Storm

STRATEGIES TO MARKET PROOF A REAL ESTATE BUSINESS AGAINST THE COMING RECESSION: — Mortgage rates are going mostly up for now. In most neighborhoods, property prices are going to grow more slowly this year. Home prices in some of the least desirable areas may go down, while prices in some of the most desirable area may continue to skyrocket. Many Realtors(R) report that there are not enough listings for clients. Agents want to better know how to get listings in 2022 and 2023. There are systems and strategies that help better insulate real estate a real estate business from the economy. Let’s talk about the strategies that top agents are using today to make a lot of money. The most effective strategies are always changing with what’s happening in the marketplace. The current situation requires new thinking and new planning on how to succeed.

Licensed real estate professionals need to know the foundation of what has been the most successful over the last 30 years. Then they need to learn how some of the top most successful agents have implemented new methods to take incomes from $40,000 to $170,000 in one year, then to $350,000 and now upwards of $700,000 or more. When agents apply the right systems, they cannot go wrong. It’s about helping home buyers, sellers, landlords, renters, investors and real estate professionals to implement the winning system.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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.