Scary Real Estate Market in Downton LA as Home Prices Drop #dtla
Local news has reported a trend that is hard to ignore: more people are now leaving California than are moving in. Last year OC 20,104 leave than move in. Thats the 10th worse net outmigration among big counties in the U.S. Los Angeles county saw 98,608 people leave. For wealthy Californians, the results are mixed as the rich move in and out of the state in similar numbers.
OceanWide Plaza New Construction Halts
Bloomberg reports that OceanWide Plaza construction is halted as the developer attempts to get more financing: L.A.’s $1 Billion Trophy Tower Halted as China Pulls Back. Oceanwide Plaza is stuck in limbo as developer seeks loan, as the subcontractor wants to press on with a lawsuit over unpaid work. #losangeles #realestate #market | VIDEO
The pace of new home sales in Downtown has slowed, giving prospective new home buyers a break. | NEW HOMES INTEREST LIST
Leaving California: The Exodus from the Golden State – video from a resident who moved out of the state many years ago: | VIDEO
The number of foreclosures and auctions has begun to tick up recently. Get a free list of distressed homes for sale in Los Angeles. Fill out the online form:
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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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