23rd Wednesday Jan 2013

LA Home Prices: The Coming Perfect Storm

Written by: Vanessa
Comments: 0
Category: Real Estate Bits

Courtesy of National Assoc. of Realtors

December 2012 home sales ended the best year for the U.S. real estate market since 2007. Up 9% from 2011, the perfect storm of record-low mortgage rates, low inventory and increased employment have the folks at the National Association of Realtors predicting record-breaking sales through 2013 and beyond.

So does this mean that L.A. home prices have hit bottom? Yup, I think so–so much so that we’re buying a new house this year.

Interested in buying at the bottom? Let me know.

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