DEMAND FOR LA REAL ESTATE CONTINUES TO RISE

Demand for Los Angeles real estate continues to rise in most neighborhoods county-wide and the market’s steady growth has made it an attractive investment for buyers, both local and global, as is evident in the amount of residential sales this quarter.  LA Real Estate market continues on the upswing reaching highest level in 10 years. Buyers are hurrying to purchase property before interest rates rise. Q1 of this year some of a 10% increase over last year.  CoreLogic’s  president, Geoff McIntosh, and others believe that strong sale numbers statewide may be the result of rising interest rates and persistent warnings of future hikes that have inspired homebuyers to make purchases sooner rather than later.  According to CoreLogic research analyst Andrew LePage, a variety of factors may be contributing to the red-hot market conditions, including a booming economy, consumer fears of further interest rate hikes,

Check out Partners Trust’s 2017 First Quarter Real Estate Market Report, providing an overview on the first quarter with key sales figures, market analysis and insights into LA’s various micro-hoos. This state of the market features a breakdown of each major region of Los Angeles. 

Check out links below for more insights:

http://www.thepartnerstrust.com/market-stats

http://la.curbed.com/2017/4/25/15423826/la-county-home-prices-recession-sales-increase

http://la.curbed.com/2017/3/21/15006448/los-angeles-home-prices-sales-drop