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Patrick Crane, Great Homes in LA

Patrick Crane

(310) 709-4128
(310) 709-4128

Is it a good time to buy a house? Yes! It is a great time to buy a house in the Los Angeles area.

Why is it a good time to buy?

  • Prices are rising. Home values in Los Angeles are no longer “bouncing along the bottom” of the real estate cycle and sales prices have risen dramatically in all areas, especially those in the most desirable areas of the Eastside. Silver Lake, Echo Park, Atwater Village, Los Feliz, Highland Park, Eagle Rock, Mt. Washington and every other neighborhood in NELA (NorthEast Los Angeles) all saw huge home price increases last year - if you are a homeowner in NELA your property is likely to be worth 20% more than it was a year ago. 2014 is starting off very strong and all signs point to a continuation of the trend - prices are going up.
  • Interest rates are still low. Interest rates on 30-year fixed rate home loans remain under 5%. Mortgage interest rates have been so low for so long people are beginning to think this is “normal.” Nothing could be further from the truth! The less-than-5% rate on a 30-year-fixed-rate mortgage is an unbelievable opportunity we are unlikely to see again in our lifetimes.

So, what does it all mean if I am considering buying a home in Los Angeles in 2014? Do not wait! Real estate and money will be more expensive next year...

Click here to search for homes in Los Angeles!

Featured picture for the property SR14201892
640 North NORMANDIE Avenue
Los Angeles , CA 90004
3 beds/1 baths
Listing courtesy of Connor Mac Ivor CalBRE:01238257
RE/MAX of Santa Clarita
Featured picture for the property 314030496
Los Angeles , CA 90041
4 beds/3 baths
Listing courtesy of Staci Kimmel CalBRE:01133356
Century 21 Arroyo Seco
Featured picture for the property 314031664
2211 HYPERION Avenue
Los Angeles , CA 90027
1 beds/1 baths
Listing courtesy of Jazmin Asbun CalBRE:01916704
JohnHart Real Estate
Featured picture for the property 14792799
1150 West KENSINGTON Road
Los Angeles , CA 90026
2 beds/2 baths
Listing courtesy of Tracy Fink CalBRE:01440003
Nourmand & Associates-HW
Featured picture for the property 13705161
251 South AVENUE 18
Los Angeles , CA 90031
2 beds/1 baths
Listing courtesy of Jon Cope CalBRE:00995730
Jon Cope
Featured picture for the property 14772679
211 South GRAMERCY Place
Los Angeles , CA 90004
3 beds/2 baths
Listing courtesy of Ann Hwang CalBRE:01017303
Nelson Shelton & Associates

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The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). Last updated Sep 20, 2014 8:07:am.