1. Â Â Both asking price and rents jumped 5 percent from last year (Natâ€™l Figure)
Rents are upÂ 4.9% in LA County and 3.8% in Orange County
Prices are up 5.8% in LA County and 10.5% in Orange County
2. Â Â Mortgage rules got a renovation.
Loans are safer and consumers know what they are getting up front
3. Â Delinquency & foreclosures are at record lows.
Less distressed property means pricing is stabilizing
4. Â 93% of Millenials plan to buy.
The market is flush with buyers ready now
5. Â Investors rush in.
Almost every listing received at least one offer from an investor