KPCC’s Matt Debord reports that rapid appreciation in certain neighborhoods has lead “some market observers to say that we’re dealing with a housing bubble… But that’s not really the story. There are some micro-bubbles. But if you look at the Case-Shiller home price index, it’s clear that, although prices have trended up steadily in LA County since the beginning of last year, the region isn’t seeing a price spike… where prices have surged by double-digits.”
Bubble or not, the best way to weather this real estate climate is by contacting the professionals at Tracy Do Real Estate. Years of experience and hundreds of successful transactions have given us a deep understanding of market dynamics. Whether you’re selling your home or looking to buy one, Tracy Do Real Estate will put you in the best position to succeed.
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From KPCC’s morning radio show “Take Two”… “It was a buyer’s market: low prices, low interest rates, desperate sellers. But talk with just about anyone wandering around open houses each Sunday and you’ll hear a different refrain: What happened?! Prices here jumped more than 23 percent last month… and foreclosure filings dropped a stunning 77 percent… All of a sudden finding a house to buy isn’t so easy. Chris Thornberg, an economist and founding partner of Beacon Economics,