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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 314032763
4811 FRIEDA Drive
Los Angeles , CA 90065
$579,000
2 beds/2 baths
Listing courtesy of Robert Schad CalBRE:01788874
Keller Williams R. E. Services
CARETS
Featured picture for the property 14804729
5037 ROSEWOOD Avenue #111
Los Angeles , CA 90004
$584,000
2 beds/2 baths
Listing courtesy of Stephanie Hahm CalBRE:01889447
Dream Realty Asset Mgt, Inc.
CARETS
Featured picture for the property 14804455
1714 North BENTON Way
Los Angeles , CA 90026
$1,495,000
3 beds/3 baths
Listing courtesy of Grant Linscott CalBRE:01715002
Keller Williams Rlty Los Feliz
CARETS
Featured picture for the property 14803471
Auction
3636 CRESTMONT Avenue
Los Angeles , CA 90026
$499,000
3 beds/1 baths
Listing courtesy of Rhett Richar Winchell CalBRE:01830032
Kennedy Wilson Auction Group
CARETS
Featured picture for the property 13660615
207 South BENTON Way
Los Angeles , CA 90057
$549,000
2 beds/1 baths
Listing courtesy of Yolanda Querubin CalBRE:914941
Coldwell Banker Residential Brokerage
CARETS
Featured picture for the property 13705161
251 South AVENUE 18
Los Angeles , CA 90031
$330,000
2 beds/1 baths
Listing courtesy of Jon Cope CalBRE:00995730
Jon Cope
CARETS

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The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, 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. Any property information 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, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Last updated Oct 25, 2014 6:00:am.