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Home Prices Expected to Move Higher
By Angela Sassounian
More people tend to be out shopping for homes during Spring and Summertime. Based on the data available through the California Association of REALTORS (C.A.R.), we have already begun to see a surge in sales activity in real estate. As the demand for housing is still more than the supply of homes for sale, C.A.R. reports on the consumer concerns with the current real estate market, topping that list of concerns is the lack of housing inventory, followed by a decline in affordability, and over-inflated home prices.
Still, throughout Los Angeles, neighborhoods are seeing an uptick in home prices and certain pockets around town, such as cities in the Valley and areas like Mount Washington, Eagle Rock, Echo Park, Glassell Park and East L.A., among many others, are registering double digit increases in the average sold prices of homes and the average price per square foot.
The intensity in Los Angeles real estate prices have created mixed feelings. Instead of stopping in our tracks because of the prices we are seeing, we should consider embracing a fresh new perspective on a real estate plan that works for us and our future. For most, real estate has been the best plan toward financial freedom, and for others, it has been a test of will and commitment. It would make sense to have a plan of action when it comes to your house-hunting, selling or investing interests. Ask for a professional trends analysis and see where you can get the most out of your real estate. A great discussion can include your current rent payment, other expenses, future financial plans and other related matters, most importantly how you want to live your life, now and in the future.
Discover your options and take action today. Do something your future self will thank you for.
For a specific analysis of your home's value and how to plan your real estate goals, contact your Real Estate Agent. Angela Sassounian, Real Estate Sales- Coaching and Business Strategist with Hall & Chambers Real Estate – 818-669-8434 – firstname.lastname@example.org, www.angelasassounian.com.