Trends in Real Estate
Some experts have predicted that real estate prices in Southern California and Los Angeles may come down this year. This will make it a buyer’s market and a good time to start a real estate career. A Los Angeles real estate school teaches students how to deal with buyers and sellers, about contracts, and how to pass the real estate exam. The low rate of unemployment in this region, makes a larger market of potential buyers. An increase in consumers income gives buyers a higher income to purchase or rent with.
Lower rates will bring more buyers into the market to look for homes, condos, and apartments. Real estate agents have noticed that buyers are not bidding as aggressively as they once did. The inventory of available homes and property has increased. Statistics showed that the number of homes for sale increase by 12 percent within a year. This year more sellers have lowered their prices and fixed things to sell the property. Prices are predicted to fall in Los Angeles in 2020 about 1-2 percent.
In January of this year over 21, 357 homes were listed in Los Angles, an increase of about 30 percent over last year. This gives buyers more bargaining power and options when shopping around. Often sellers will accept a lower price. The results are fewer bidding wars and more choices for buyers. When prices become too high and buyers cannot afford them, sales slowdown.
Top Selling Neighborhoods in Los Angeles
One popular neighborhood to sell real estate in Los Angeles is Woodland Hills, an affluent neighborhood with outdoor parks, beaches, and hiking trails. There is a variety of restaurants, shopping, and entertainment in the area. Sherman Oaks is another top selling neighborhood located near the Santa Monica Mountains. It has been rated one of the most walkable neighborhoods in Los Angeles. The third most popular neighborhood Encino is, an upscale suburban neighborhood, that offers a range of property types along with parks and great restaurants.
San Pedro is one of the most affordable real estate communities for beach property in Los Angeles. It offers a variety of housing options, historical amenities, beaches, and outdoor activities. Other popular neighborhoods are Sylmar, Chatsworth, Granada Hills, West Hills, Reseda, and Studio City.
With the real estate market in Southern California becoming a buyers’ market, it’s time to attend a Los Angeles real estate school for classes. Some real estate schools offer real estate classes in Los Angeles and Orange County. The instructors have several years of experience and help students pass the real estate exam. Some offer classes online and in person. Go online and start your career in real estate.