Sunday, December 26, 2004
Los Angeles Leads Real Estate Bubble Predictions
A recent Business Week article by Peter Coy Protecting Yourself From a Housing Slump loosely reports that this is the year that housing prices hit their peak.
At that point double gains in home appreciation will slow, flatten, or recede. Depending on numerous factors, different areas and neighborhoods are predicted to be affected in various ways, with some continuing to gain value as others lose value.
Therefore, the article makes several suggestions that mostly focus on finances. Most notably, limit and reduce all debt now. The paper money gains of the current housing bubble can quickly be lost. Now is the time for fiscal responsibility.
If you want to sell, you should be ready to move quickly this spring.
If you are are looking to buy in Los Angeles, Southern California, or California, now might not be a bad time to wait.
Nonetheless, the most certain thing in the Los Angeles real estate market market is uncertainty.
Los Angeles Mortgage Broker?
Los Angeles Real Estate Agent?
At that point double gains in home appreciation will slow, flatten, or recede. Depending on numerous factors, different areas and neighborhoods are predicted to be affected in various ways, with some continuing to gain value as others lose value.
Therefore, the article makes several suggestions that mostly focus on finances. Most notably, limit and reduce all debt now. The paper money gains of the current housing bubble can quickly be lost. Now is the time for fiscal responsibility.
If you want to sell, you should be ready to move quickly this spring.
If you are are looking to buy in Los Angeles, Southern California, or California, now might not be a bad time to wait.
Nonetheless, the most certain thing in the Los Angeles real estate market market is uncertainty.
Los Angeles Mortgage Broker?
Los Angeles Real Estate Agent?
# posted by Dahcredyns @ 8:14 PM 
