Home prices have declined in many areas of Southern California because of the severe change in lending standards, an increase in the amount of foreclosures and easily frightened buyers.
This decline has caused sellers stress because their homes are staying on the market 6 months or longer. Although, inventory has increased with resale's, short sales, foreclosures and new homes sales however, this gives buyers variety, but because of the housing market that existed before many of the loans that were created are gone, the market is stabilizing, the buyers are at a stand still, fear of the unknown and then you have the avoidance of certain type of home sales, that will limit sellers the opportunities to sell their homes fast. However, interest rates are still good, there's a variety of loan programs to meet the personal needs of each qualified individual. The loan qualifications standards have changed and they are changing daily. There are loan programs out there; just to name a few CalHFA First-Time Homebuyers Program, CalPERS Member Home loan Program, My Community Mortgage Loan Program etc, so if you are interested in purchasing a home now or in the future, know that the programs listed are an options, also if are a senior and you are interested in info on reverse mortgage or would like to obtain a reverse mortgage please call me .It's also great to know, FHA's limits have increased, new developments have great incentives and most sellers are willing to work with buyers, some seller's are even pricing their homes to sell.
In short, the home values have declined across the country giving homebuyers the best buys they've had in last four years.
Changes keep us moving. If an event in your life requires you to sell your house or purchase a new home, I can help you. Whether you are moving across town or across country, I can make the move to your new destination as easy as possible.
"Without a sense of urgency, desire loses its value."
Approximate Location Boundaries: Los Angeles
Location Characteristics: Los Angeles is divided into many neighborhoods, many of which were towns that were annexed by the growing city. There are also several independent cities in and around Los Angeles, but they are popularly grouped with the city of Los Angeles, either due to being completely engulfed as enclaves by Los Angeles, or lying within its immediate vicinity. Generally, Los Angeles is divided into the following areas: Downtown L.A., East L.A., South Los Angeles, the Harbor Area, Hollywood, Wilshire, the Westside, and the San Fernando and Crescenta Valleys.
Some well-known communities of Los Angeles Real Estate include Venice Beach, the Downtown Financial District, Los Feliz, Silver Lake, Hollywood, Hancock Park, Koreatown, and the extremely affluent areas of Bel-Air, Hollywood Hills, Pacific Palisades, and Brentwood, to name a few. If you are interested in buying, selling or refinancing in Los Angeles Real Estate you´ve come to the right place.
About Joanne Brown:
Joanne Brown a Real Estate Consultant that brings a wealth of experience with her. Joanne has many years of sales and business experience. A practitioner in the state of California, servicing Los Angeles Westside ,Long Beach and the South Bay area and its surrounding cities and counties .
Joanne enjoys communicating and helping clients make the best decision for their situation. Every transaction is different; this is why it’s so important to communicate with clients, so that together we can make the best decision.
It is my mission to provide quality real estate service and the best customer service possible to my clients. I pledge to provide the finest personalized service to my client.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
