Tag: news

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2018 Year in Review for Downtown Los Angeles Real Estate

What Happened in 2018

Downtowners nestle in as the sun sets on Los Angeles real estate boom.
Downtowners nestle in as the sun sets on Los Angeles real estate boom.

REAL ESTATE NEWS:  Like most of the USA, Downtown Los Angeles experienced a noticeable cooling of the real estate market in 2018, ending with the biggest December stock market stumble since 2008. #2018 #yearinreview

After The Party’s Over

Downtown L.A. has experienced a lengthy real estate boom since 2012. A plateau began to form in 2016. A significant cooling began to take shape in the middle of 2018 as local real estate professionals began to report that the number of prospective Downtown home buyers has dropped of dramatically.

What to Expect in 2019

The L.A. Loft Blog concurs with the mainstream media about an impending recession, slowdown or plateau of the U.S. economy in general caused by long term cycles and rising interest rates.  #2019 Here’s the good news:

Making the Most of a Sideways Property Market

Check out the wealth building tips and tricks to profit from in and outside of the shifting real estate market, including economic expectations, challenges and non-real estate opportunities worldwide.  |  MAKING THE MOST OF IT

Of course, DTLA real estate is the best place to begin picking up some good deals with a very bright future.  Get a free list of the best deals in Downtown Los Angeles real estate.  Fill out mthey online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
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Rosy future for Downtown Los Angeles real estate
Rosy future for Downtown Los Angeles real estate

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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Down on Downtown — Residents Leaving Southern California

BAD NEWS FOR L.A. REAL ESTATE

LOS ANGELES, CA (Is it worth it?)  —  After seeing the surveillance video of a Downtown pedestrian severely injured by a forceful shove from a vagrant into the path of a large truck, one must consider whether or not the costs of Downtown life are worth the rewards today.  Reports to the L.A. Loft Blog from Downtown real estate professionals indicate that the number of prospective home buyers has dropped significantly, while the number of residents moving out of Southern California has risen sharply over a few years ago. #dtla

Of the ten most recent sale or purchase transactions by the Corey Chambers Team, five were moving to Downtown Los Angeles. Six out of ten were moving to Los Angeles. Not too shabby, but compared to 2012, when nearly 100% of sales/purchases were people moving into Downtown Los Angeles, today’s real estate picture shines a bit less brightly for DTLA.  Of the recent ten moves, four of them were either moving out of DTLA or moving out of Southern California altogether. #realestatenews

MARKET SHIFTS AND STORMS

Five years ago, local real estate agents were extremely busy helping a huge influx of fresh faces move to lofts in Downtown Los Angeles. Today, the market has changed significantly. “More than 80% of our business is now helping repeat and referral customers, about half of them moving out of the area,” says Corey Chambers, “While the repeat business is great, and we’ve been able to attract offers for each and every one of our loft and condo listings, it is sad to see fewer buyers excited to move to Downtown Los Angeles now.” #realestatemarket

Chambers says he’s concerned about the number of residents moving out of California, but that these kinds of trends and cycles happen in real estate, and that the future for Downtown Los Angeles is very bright so long as residents, business and government can weather the storms while continuing to improve the quality of life in the center of the city. #sellhome

Find out what the home down the street sold for

SOLD:  Find out what your home is worth. Get a free list of recent Downtown Los Angeles home sales with prices, photos, descriptions, along with a list of currently active homes for sale. Fill out the online form:

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.