Dropping rates shake up the Los Angeles real estate market.

Big changes in the Los Angeles Real estate market took effect on August 17th, 2024! It will be a very different process if you are considering buying or selling your home after this date. This video goes over the changes for our industry: https://bit.ly/newprocesstobuyhomes. Here's the good news, it looks like the Feds will be cutting interest rates which is great news for buyers waiting for interest rates to come down. Most economists expect home prices to continue to appreciate through 2025, although not nearly as much as during the pandemic years. Inventory in Los Angeles County has increased significantly, but the days on the market went down. Why? Pent-up buyer demand because of the lack of inventory over the last four years is eating up this new inventory. Sellers have a record amount of equity in their homes. Want to know what your home is worth? Click here to get your instant home value: https://bit.ly/FindOutYourLAHomeValue . Thinking about buying a home in the next six months? Download my FREE buyers guide here: https://bit.ly/LAHomeBuyersGuide

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Felipe Crook
EXP Realty DRE#02047440
Cell: 213-268-6832
https://distinguishedlahomes.com/

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