MARKET SNAPSHOT: CORELOGIC UPDATE ON REAL ESTATE AFFORDABILITY

Good news for the LA housing market!  If you’re worried that the market here is going to get soft, the latest analysis from CoreLogic suggests otherwise.  According to their latest “Market Conditions Indicator” report, the Los Angeles county housing market is “at value”.  That means prices here are on target based on an evaluation of the sustainability of housing prices based on local market fundamentals including disposable income.  We’re not overvalued which might indicate a downward correction, and we’re not undervalued.   CoreLogic also predicts that we will continue to see rising home prices for at least another year.  So, if you’ve been hesitating on that new home purchase, jump on in!  There is still room for growth in your investment.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com
310-646-7791

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