Lowest they’ve been since May 2013 according to LA Times.

Good stuff reported on the LAT website…

The SoCal housing market took a step back last month, as home sales fell and price gains slowed. But homeowners shouldn’t despair and would-be buyers might even rejoice, analysts say.

The slowdown signals a housing market that is continuing to normalize, potentially helping more middle-class families purchase homes as the economy improves.

After years of boom and bust, home prices and sales are now responding to the very thing they should: job and income growth, not loose lending standards or investors, economists and real estate analysts say.

And it gets even better! Interest rates just ticked down again. Which means that now is a very good time to get into business with a bank, and buy your home.

We here to help. Tracy Do Real Estate.

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From the Wall Street Journal blog: “The proportion of young adults aged 18 to 31 living with parents has hit 36% from 31% in 2005, and indebtedness—especially rising student debt—explains roughly 30% of this increase.”

Have you checked out NELA Union Modern Homes? They’re FHA approved, meaning qualified buyers can buy a brand new, beautifully designed townhome with with just 5% down payment.

Not that there’s anything wrong with living with your parents.

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Tim Logan of the LA Times reports that “sales of newly built homes in the U.S. surged in August to their highest level in six years” which translates to “another indication of a housing market that is starting to stabilize.”

And meanwhile…

This just opened in the Arts District of Downtown LA.

It’s a perfectly nice 438-unit building, and we have nothing against it. However the rents, according to the LA Times’ Andrew Khouri, “range from $1,680 a month to more than $4,000.”

Bust out your calculator and do some simple math. For roughly $500,000, you can buy a brand new, state-of-the-art home at NELA Union that has 3 levels, 2 bedrooms, 2.5 bathrooms and 1180 sq. ft. of living space — plus an attached two-car garage. It even has a private ground-level patio. Best of all, it’s yours. The hard-earned money you pay each month goes toward your bottom line, not someone else’s.

Plan 1 Home at NELA Union: 2 bedrooms, 2 bathrooms, approx. 1180 sq. ft.

Seriously, do the math. 10% down, 20%, FHA borrowers, all are welcome at NELA Union which is by far the best value among new Eastside developments. People are already living here and more will be unpacking this very weekend, getting settled in their own homes, centrally located in one of LA’s hottest neighborhoods, Glassell Park.

We’d love to show you around, and can do so daily from 10am to 5pm. If you have questions, please email to info@nelaunion.com or call 626-204-7109.

You can also reach us anytime at Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!