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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 214015610
200 East WINDSOR Road #2
Glendale, CA 91205
$385,000
2 beds/2 baths
Listing courtesy of Ghegham Ter-Mikrtchyan CalBRE:01351133
Prime Capital Group, Inc.
CARETS
Featured picture for the property 214015542
2346 RONDA VISTA Drive
Los Angeles , CA 90027
$969,000
3 beds/3 baths
Listing courtesy of Ralph Suarez CalBRE:01206855
Dilbeck Real Estate
CARETS
Featured picture for the property 14754293
465 VISTA GLORIOSA Drive
Los Angeles , CA 90065
$725,000
3 beds/3 baths
Listing courtesy of Lori Donahoo CalBRE:00851903
RE/MAX ESTATE PROPERTIES
CARETS
Featured picture for the property 13719141
Auction
354 South KINGSLEY Drive
Los Angeles , CA 90020
$1,299,000
6 beds/3 baths
Listing courtesy of Ryan Schapery CalBRE:01923648
Keller Williams Beverly Hills
CARETS
Featured picture for the property 13675195
Auction
3058 KNOB Drive
Los Angeles , CA 90065
$430,000
2 beds/1 baths
Listing courtesy of Ryan Schapery CalBRE:01923648
Keller Williams Beverly Hills
CARETS
Featured picture for the property 13675211
Auction
3349 ISABEL Drive
Los Angeles , CA 90065
$489,000
2 beds/1 baths
Listing courtesy of Ryan Schapery CalBRE:01923648
Keller Williams Beverly Hills
CARETS

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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 Apr 23, 2014 12:22:am.