The Los Angeles real estate market continues to be somewhat competitive even in these days of pandemic partial shutdowns. Moving to the Los Angeles area is more attractive because of the work-from-home opportunities being afforded many employees. Up until now residents could expect to spend a lot of time in their cars given that LA was named the 5th worst city for traffic in the United States. Now that many workers can settle into a home office, commuting becomes less of a problem.
According to Realtor.com here are some Los Angeles, CA market statistics for the end of September 2020:
When you look at some of the more desirable neighborhoods in LA County a different picture emerges:
(Note to explain the extraordinary uptick in price: This is a neighborhood that saw an influx of Millennials recently, although it has been a cultural destination for at least a decade. New hotspots and restaurants have made this especially enticing to a new demographic.)
If you are looking to purchase or refinance in the LA area, but find that you fall short of qualifying for the more restrictive Covid-19 mortgage regulations, give Sun Pacific Mortgage a call at 707-523-2099. Although we are located in Northern California, we are licensed for all of California and lately have been helping many Southern California clients with their hard money loans.
To learn about our company, click here.
Best, Forest – The Guy in the White Hat
Hard Money Broker and Co-Owner of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! 707-523-2099 www.sunpacificmortgage.com.
CA DRE license #010005559 and NMLS #289456
Note: Get our financing despite bad credit, difficult to prove income, property a fixer, etc.! We finance Jumbo loans, Bridge and short-term loans, Owner Occupied purchases and refinances, investment purchases and commercial.
The content of this blog contains general advice only and does not consider individual financial circumstances, desired loan amounts or existing real estate or lending transactions. This information is intended for licensed Real Estate Agents and licensed Lenders/Mortgage Brokers and is posted on our company website and specific blog sites with the express purpose of reaching such licensed individuals.