Count on the faltering mainstream news and real estate websites to continue to get it wrong for several more months at least https://www.laloftblog.com/2020/05/14/los-angeles-real-estate-news/
Reports of “Real Estate Stable” and “Real Estate Not So Bad” are based on outdated, political or commercial opinions, not empirical facts. The popular news sources generally look at old data, while the real estate websites try to focus narrowly on whatever positive, uplifting information they can provide. Realtor.com tries to be supportive of real estate professionals, but falls short in providing enough helpful insight into declining markets, falling prices and cyclical downturns that uncover the best deals in loft living. #losangeles #realestate #news | Blog Video
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The L.A. Loft Blog makes strong efforts to look at all sources of data to give the most accurate, actionable news and projections — regardless of common perceptions of good or bad news. The truth is important because inaccurate news leads to poor judgements and unprofitable financial decisions. By surveying all viewpoints and all angles, the Loft Blog gives the ups and downs, pros and cons, good and bad. This whole truth approach helps home buyers, sellers, renters, landlords and investors to get the best results by taking advantage of massive silver linings, and turning lemons into the most refreshing of lemonade. Other occasionally helpful sources that we’ve identified include LA Curbed (which wonders if the housing market is recovering, and admits that it’s having a hard time making sense of housing data) and The Real Deal. Well, we have answers for you, LA Curbed: No, the housing market is not recovering; it’s getting worse. LA Curbed astutely points out growing consternation between landlords, tenants and the city government, amplified by corona panic eviction freeze and explosion of expensive bureaucracy to make L.A. Law firms rich! L.A.’s chaotic rent-control love triangle is sure to get more dramatic, as the entire real estate sector has only just begun to run a gauntlet of a painful path.
The real news, and the true facts are about the collapsing housing market, and how billionaires associated with JPMorgan and Fortress are planning to take advantage of the rapidly falling property prices as part of the largest wealth transfer in history, from the middle class to the wealthy.
The LA Loft Blog analyzes thousands of data points every day, including daily MLS numbers, and direct daily communication with home buyers and sellers. Home prices are falling faster, with much deeper effects than what the mainstream media can fathom.
Find out what the loft down the street sold for https://laloft.wufoo.com/forms/qbg942419l39cs
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.
https://www.laloftblog.com/2020/05/14/los-angeles-real-estate-news/