COMING LOS ANGELES REAL ESTATE CRASH – Notice To Downtown L.A. Loft Owners

HOME SELLERS:  BE PREPARED FOR LOWER PRICES IN 2019 / 2020

Scary real estate market of Downtown Los Angeles
Scary real estate market of Downtown Los Angeles

Real Estate Market News (Downtown Los Angeles, CA)  —  The last six months of completed Downtown real estate activity shows very healthy numbers for sellers, and a pricey time for buyers:  Downtown Los Angeles median price is up 3.2% over the last 6 months compared to the same period last year. Inventory of available Downtown homes for sale has dropped by 6.15% over the same period. Homes sold faster with average days on market dropping by 12.9%.  So why is the L.A Loft Blog, along with a few other media, sounding the alarm?

While there is no reason to anticipate a huge downturn in home prices, all of the signs and signals are in  —  most importantly: the feedback from L.A. Loft Blog readers, who really are the final arbiters of truth regarding Downtown residential real estate.  The wallets and calendar of the readers do not lie.  When a Loft Blog visitor spends time and money, (or, in this case, stops spending time and money on something), there is no equivocation, no conjecture and no doubt as to the truth.  L.A. Loft Blog readers (and other prospective buyers, sellers, tenants and landlords) have communicated explicitly through words and actions that they generally have no plans to purchase a home in the next 3-6 months.  At the same time, very few plan to sell in the coming months. This combination indicates a plateau (little or no increase in prices for a sustained period) and a sideways market (a combination of roughly equal up and down prices). #dtla #realestate

DOWNTOWN LOS ANGELES REAL ESTATE MARKET METRICS

The calm before the storm  —  While the median price went up, the average sold price did not budge from the same period one year ago. This indicates that price pressure has already begun. The lowest home sold and the highest home sold prices are down from the previous year. Total volume of real estate sold is down by 6.2% over the same period.  #homeprice

Some say that the bull market may continue a lot longer:

https://www.marketwatch.com/story/why-this-bull-market-may-have-miles-to-go-before-it-sleeps-2018-08-20

Locally, the statistics and the behavior of home buyers shows that we have reached a crossroads.  “In 2019, the loft buyers have started to dry up,” says loft specialist Corey Chambers, Associate Broker with Realty Source Inc.  “My clients and I bought lofts in 2012, and we did very well.  Now, I’m informing prospective sellers that the time has come to consider locking in those gains by cashing out.”

Find out what the home down the street sold for

For those who are considering selling their loft or condo, now is the time to put extra thought into future needs and wants.  Once the market begins to falter, the slide may escalate faster that expected. Or, in this case, real estate could sadly stagnate for an extended period of time.  Because the financial well-being or L.A. Loft Blog readers is on the top of our priority list, we are repeating the warning that we gave recently.  —  And remember, the mainstream media generally gives economic warnings about 6 months after they happen… too late.

HOME PRICES LIKELY TO DROP

We are not going so far as to predict the future, nor to guarantee any economics because there is no way to know how thousands of locals, and millions of individuals nationwide will behave at any time in the future.  Based on the factual numbers and market data that we receive daily from hundreds of loft lovers corroborated by technical sources, we are confident that we can and should disclose the reality of a cooling market, and that we should reveal the likelihood of a mild price slide, plateau or sideways market coming up.

Real Estate Chill:

A slight chill coming for the Bay Area housing market?

More home prices slashed:

http://www.dispatch.com/business/20180816/more-home-sellers-dropped-prices-this-summer-than-last-zillow-says

Find out how much the loft down the street sold for. Get a free list of sold Downtown condos. 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.

Corey Chambers SoCal Home Real Estate Newsletter August

Corey Chambers SoCal Home Newsletter New Year 2018 Jimmy Kimmel and Baby Billy
Corey Chambers SoCal Home Newsletter August 2018

The SoCal Home  —  More Than Real Estate News

August is Moving Month!

The month of August brings back memories for me when I was a kid and my Mom hurriedly racing around buying me a few new items of clothing so I could at least look appropriate when going back to school.  Well, kids aren’t the only ones that can get a new look in the “back to school” month…

Making a move to a new house is the perfect way to a
new look. Unfortunately, the current marketplace has many doubting the possibilities or hesitant to buy in what many consider to be uncertain times. I heard just this morning on the radio that almost 40% of American’s are
doubting the American Dream is a possibility. #coreychambers

Yikes!!!!

Fortunately, I have the solution to that issue.

If you or anyone you know is considering making a move, we can help them look good and feel confident in their purchase. If for any reason a buyer purchasing a home through me is not satisfied with their purchase within a full
24 months after the close date, I will buy it back!*

I call this my VIP Buyer Satisfaction Guarantee. This is a huge benefit for Sellers and Buyers.

IN THIS ISSUE:  VOL 4, ISSUE 6  AUGUST 2018
– August Used to Be Back to School Month, Now It’s Moving Month
– How Your Referrals
– And Much More  #realestate #newsletter

*For Buyers the benefit is obvious – they have the peace of mind knowing they are getting a very good home at a fair price and if not – we will buy it back.

*For Sellers – we are able to tell buyers through our marketing that the Seller’s home comes with a Buyer Satisfaction Guarantee, making the sellers home stand out as a certified good value.

So everyone wins!!

With a guarantee like this, you, your friends, neighbors, work associates and family members who may be considering a move can now do so and avoid the uncertainties in the marketplace.

This is where you come in. Your referrals help the Children…Who do you know that may be considering a move?

We are on a mission to raise $25,000 for Children’s Helping Recover Center, so for every house we sell this year, we are donating a portion of our income to them.

Kids under their care are 300% more likely to enter into remission IF they can get into the recovery center. BUT, the Recovery Center survives on Sponsorships and Donations. So YOUR REFERRALS REALLY DO HELP THE KIDS:

Who do you know considering buying or selling a home you could refer to my real estate sales team?

Not only will they benefit from our award-winning service, but we donate a substantial portion of our income on every home sale to Children’s Hospital Los Angeles Helping Recover Center.

Your Referrals Really Do Help the Kids…

I want to make it easy to refer your friends, neighbors, associates or family members considering making a move:

You can go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to who you know considering a move.

Over the last two decades of helping thousands of families sell their home and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals, those you know considering a move, that we help – you can rest assured that not only will they get the award-winning service we are known for and the guarantee to back it up, but that a solid portion of the income we receive from the transaction will go toward a very worthy cause.

It’s easy to refer your friends, neighbors, associates or family members considering making a move. Simply go to www.ReferralsHelpKids.com or, of course, you can always call me direct as well at 213-880-9910.

I hope you and your family are well and this Independence Day brings you
much joy and happiness. With all my appreciation.

Corey

Supporting_CHLA_logo

 

 

 

Corey Chambers, Broker Associate, Realty Source Inc
213-880-9910

P.S. We love honoring our past clients like you. Read all about that at www.ReferralsHelpKids.com

It’s easy to refer those you know considering buying or selling a home. You can go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to who you know considering a move. You can also call me direct or pass my number on: 213-880-9910.

Why I Support Children’s Hospital of Los Angeles

I grew up right here in Los Angeles. Born right nearby at St. Francis Hospital. I remember when I first heard about a young person close to our family suffering from a nasty disease and getting treated for that at Children’s Hospital Los Angeles. It was then that I began to pay closer attention to the work they do at that hospital. Since then, I have learned that it is a collection of hard-working health care professionals, most making their home right here in the Los Angeles area, all coming together for a common cause. That cause is to help young people overcome unfortunate health issues that life sometimes throws our way. Being a Los Angeles area, California native, I take pride in supporting in any way that I can the good work these people do at Children’s. My team rallies around our annual goal of raising money and donating portions of our income to help Children’s in their quest to heal young people when they need healing. My team and I are committed to providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Children’s Hospital Los Angeles shares similar commitments to their patients. And since their services survive on sponsorships and donations we are happy to contribute and proud to support them.
Sincerely,

 

 

 

213-880-9910

Following is the story of a patient so young and so undaunted by her cancer that she compels us to want to face our adversities more bravely.

Hazel’s Slice of Life

The Internet’s ‘Pizza Girl’ bites back at cancer

Hazel Hammersley, a usually bubbly toddler, was clearly in pain. She also had a fever, had stopped eating and was very lethargic. Lauren Hammersley’s motherly instincts told her that something just wasn’t right.

“I took her to the pediatrician the day after I first noticed Hazel had stopped eating or drinking,” Lauren says. “Something told me it was cancer.”

Her doctor told Lauren to get Hazel, who was 2 years old at the time, to the Emergency Department at Children’s Hospital Los Angeles right away. Lauren’s worst fears were confirmed; a tumor was found in Hazel’s abdomen, and it was diagnosed as neuroblastoma.

 

 

Neuroblastoma is the most common solid tumor found outside of the brain in children and accounts for about 15 percent of deaths from childhood cancer. There are around 1,000 new cases per year in the United States and, despite advances in therapy and supportive care, about half of the children with aggressive tumors will die from their disease.

“In hindsight, I’m so thankful that doctors at CHLA diagnosed her so quickly,” Lauren adds. Neuroblastoma often spreads to other parts of the body before any symptoms are apparent, and the majority of children aren’t diagnosed until their cancer has spread.

Hazel’s cancer was at stage 3. The news was overwhelming, but there was hope. Lauren knew that a lot of the toughest cases of neuroblastoma were treated at CHLA.

“CHLA did an amazing job in the first few days. The doctors, nurses. Child Life team, social workers—everyone was so supportive.”

Still, Lauren was scared. With four children to care for—her youngest child was 5 months old at the time—she says the prospect of Hazel’s treatment seemed “insurmountable.” Within days, her daughter began the first of what would be five rounds of chemotherapy to shrink the tumor prior to surgery.

Four months later, surgeons at CHLA removed a softball-sized mass from Hazel’s abdomen in a daylong procedure, eliminating nearly 98 percent of cancer, a millimeter at a time. The remaining live cancer was still deeply concerning, so she had to go through one more round of chemotherapy in preparation for a stem cell transplant—in the hopes of eliminating any resistant tumor.n the following months, the Hammersley family experienced a lot of ups and downs, including a couple of months of rehabilitation as Hazel learned how to walk and talk again after the transplant. However, she took it in great stride and made the most of her time at the hospital.I

“If you ask the nurses, they would say she was hardly in her room,” says Lauren. “She would play hide-and-seek with them, sit on the bottom of her IV pole and ride it up and down the hallway.

Aside from those occasional days where she wasn’t feeling well, she had a lot of spunk during her treatment.”

On one occasion, Hazel took full advantage of this spunk when she and her grandmother decided to spell out “Send

Pizza Rm 4112” on her hospital window as a fun project. Soon, the sign, which faced Sunset Boulevard, attracted passersby and was eventually posted on the community website Reddit. Generous people began to send pizza to the hospital for Hazel to enjoy. She was dubbed “Pizza Girl” by the internet.

Although Hazel has fond memories of the hospital, nothing beats going home. And we’re glad to say that for over a year, Hazel has been at home, doing well and currently showing no signs of cancer. She is back to being like any other 4-year-old who loves to sing, dance, play dress-up and go to preschool, and wonders what she wants to be when she grows up. But as much as Hazel seems like a normal kid, she understands that she’s not; she understands how amazing it is to beat cancer.


“She was standing in the bathroom one day and yelled for me to come over,” says Lauren. “She says to me, ‘Mom, I just love my scar. It’s so important to me, because it means my neuroblastoma is all gone.’”

How you can help

Refer your friends, neighbors, associates or family members considering making a move:  www.ReferralsHelpKids.com or call Corey 213-880-9910

Article courtesy Children’s Hospital Los Angeles

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.