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Sheila Caron's Blog

By Sheila Caron | Agent in Long Beach, CA

Five Signs the Market is Recovering Fast!

1.    Both asking price and rents jumped 5 percent from last year (Nat’l Figure)

 

Rents are up  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.    Mortgage rules got a renovation.

Loans are safer and consumers know what they are getting up front

3.   Delinquency & foreclosures are at record lows.

Less distressed property means pricing is stabilizing

4.   93% of Millenials plan to buy.

The market is flush with buyers ready now

5.   Investors rush in.

Almost every listing received at least one offer from an investor

Comments

By Kawain Payne, Realtor, Notary,  Tue Jan 22 2013, 20:57
Thanks for the positive info!!!!


Kawain Payne, Realtor

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