property market – LA Loft Blog

REAL ESTATE NEWS (Los Angeles, CA) — The urban Downtown L.A. property market has been in a serious funk since October of 2022. Things were ok 12 months ago: January of 2022 showed a healthy 54 properties sold, while 2023 gets off to an extremely anemic start with only 9 properties sold in the Downtown Los Angeles area. Last January, most properties took less than 14 days to sell. So far this year, they’re taking closer to 43 days to sell. A year ago, DTLA condos were selling for $638,000. Now, they’re $530,000 on average. Times are getting tough for sellers, as money has been getting tight for buyers lately. The above statistics were from real estate agent professional Multiple Listing service for Areas 23, 42 and 1375.

Find out how much your loft might sell for. Get a free list of recently sold homes, and receive a free report with information that can cause your home to sell faster, for more money, and with less hassle. Fill out the online form.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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.

Downtown areas today present historically low prices for real estate investors.

Stagflation is the Name of the Game: The Dollar is Dust

REAL ESTATE NEWS (Los Angeles, CA) — Jawbone Jerome Powell today attempts to placate markets by raising interest rates. Unfortunately, Jerome’s half-hearted attempt at finally correcting radical fed monetary policy is too little too late. Inflation is already out of control, and cannot be fixed by increasing interest rates to 4, 5 or 6 percent. We are witnessing major changes, including the way we make, spend and save money. The U.S. Dollar is being replaced by blockchain cryptocurrencies. The laws of economics are fundamental in this analysis: Good money chases out bad. New money destroys old. Blockchain cryptocurrency annihilates the value of the US Dollar, which results in inflation. Radical fed policy and digital money printing results in inflation. Uncontrolled federal government spending results in inflation. Raising interest rates to 6% can put a slight dent in our runaway inflation, but cannot contain inflation that has such historic pressures pushing toward rapidly growing inflation.

We’re watching these changes play out in the form of stock market crashes that quickly end up at all-time highs, along with a real estate market crash that will also quickly end up at an all-time high. These are the effects of stagflation: economic stagnation combined with price inflation. It’s a one-two punch towards a terrible economy. That’s why the U.S. has the most pessimistic economic polls in many years.

As we mentioned recently, the billionaires and other astute investors are taking full advantage of the crashy stock market by picking up stocks on the cheap from the gut-punched dumb-money investors. With plenty of blood on the street, this fearful time is precisely the time to start picking up some good deals in the stock market in the form of high-quality stocks. For real estate, now is precisely the right time to pick up high-quality properties, while they are historically low-priced, in lockdown-depressed inner-city areas such as Downtown Los Angeles.

Get a free list of the the top ten best investments in Downtown Los Angeles real estate. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Tag: property market

Real Estate Recession — Downtown Los Angeles Lofts Market Crash

Real Estate and Stagflation | Turning a Crash into Cash

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