October 2018

Found 1 blog entry for October 2018.

Over the last several years, home sellers throughout Los Angeles and the entire country have had the upper hand as housing demand has steadily increased with an improved economy and as home builders struggled to keep up with demand. This resulted in a seller's market where bidding wars and driving up home prices became a norm. But, things may be changing. Real estate data over the last 2 months in Los Angeles suggests that we may be entering into a buyer's market for the first time in years. Lets take a look at the data. 

1. Price Reductions 

In August, the data for Los Angeles real estate showed 16.5% of homes listed for sale were sold after price reductions. This isn't a huge number, however it is the highest percent in price reductions we

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