September 14th, 2011 4:46 PM by Lehel S.
observations of the real estate market in the greater Los Angeles area
(includes LA, Orange, Riverside and San Bernardino counties):
is our first report in months. We have
stood back a bit and watched the market develop. We attended many seminars and been to
meetings with people in the know from various banks. We gathered a lot of information and knowledge
and are sharing that below.
you may have questions that were not answered below, give me a call at (626)
339-0697 or (626) 922-2514 and we can have a chat.
INTEREST RATES AND LOANS
MAKING AN OFFER
IN THIS MARKET
GREAT TIME TO INVEST
we are continuing to see a lot more investors
buying properties (in many areas buying a home with 15% down will results in
positive cash flow)
we have seen some great deals on duplexes where
the return on investment (cash actually put into the deal) can be over 20% and
in good rental areas
INTEREST RATES ARE STILL NEAR HISTORIC LOWS
Inventories are slowly but steadily increasing
PRICES HAVE HIT A NEW LOW IN FEBRUARY 2011 AND ARE STAYING LOW
if you can REFINANCE!