Category: Real Estate News

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Mortgage Interest Rates Hit 52-Week Low – Fed Lowers Economic Forecast

REAL ESTATE NEWS

(Downtown Los Angeles)  —  The buyer’s market is in full swing as the Federal Reserve communicates that it doesn’t plan to raise interest rates for the rest of the year.

The signal is quickly sending mortgage rates lower. #mortgage #homeprices  #dtla

The average 30-year fixed rate mortgage has dropped to 4.34% from 4.4%, taking it to a 52-week low, according to Mortgage News Daily. That could be the shot in the arm the housing market needs to get out of its current lull.

After the Fed also lowered its economic forecast, however, it’s questionable whether or not consumer confidence will be strong enough to realize a boost in home sales.  The Fed appears to be following the same policy of diminishing effects, whereby the Bank of Japan caused decades of painfully slow economic growth, accompanied by prolonged stagnation of real estate.

Find out what the home down the street sold for

Recently Sold Downtown Lofts Request

Get a free list of recently sold home prices, along with a list of currently active for sale listings.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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.

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Sold Downtown Los Angeles Lofts and Condos – How Home Prices and Tactics are Changing

REAL ESTATE NEWS

(Downtown L.A.)  The local, urban home sale real estate market has changed, and is now beginning to separate into winners and losers. What have buyers been snapping up recently in Downtown L.A?  Which properties have failed, and why are so many now failing to sell?

First, it’s always helpful to know what home buyers are doing successfully.  Here’s a 2-bedroom, 2-bathroom with dramatic view that just went into escrow in only 19 DAYS —  that’s 75% FASTER than comparable nearby units!  #dtla #realestate #news

 

The shocking news about Downton real estate today is the surprising low success rate.

Why Downtown L.A. Real Estate Now Has a 73% Failure Rate

What makes a home sell much faster, for more money and with less hassle than other homes that sold recently?  It starts with the main reason for most successful outcomes —  determination.  Many home sellers don’t know that many home sellers have not succeeded as the market has changed to a buyer’s market.  Out of 609 recent Downtown listings, only 173 sold.  That’s only a 28% success rate.

When a seller has decided that they’d like to sell the home for sure, and they need get top dollar for it, simply following last year’s rules no longer works.  The home must be sold the right way for today’s real estate market. Buyers are no longer lined up out the door.  The seller must now make smart choices in order to achieve success in the desired time frame.

The recent success story above reveals a focus on getting more money, selling the home faster, getting it sold with near 100% certainty, and, most importantly, relying on a proven database of buyers. Numerous failures occur because too many rely on old news and old methods to sell a property in a real estate market that moves quickly, and changes faster than ever before.  When a loft or condo absolutely, positively must sell quickly, for more money, sellers must use the most proven system for success in today’s Downtown real estate market.

Find Out What Your Neighbor’s Loft Sold For

Find out what the home down the street sold for

Get a free list of recently sold homes, with photos, descriptions and prices.  The list also includes active listings of homes for sale. Also available by request is a list of off-market homes, pocket listings and unlisted homes for sale. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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.