Homes for Sale

Monday, May 6, 2019

Five Movers of Los Angeles Residential Real Estate Prices in the Spring/Summer of 2019

 Los Angeles Is Still a Sellers’s Market

1. The economy is ripping along with no evidence of a slowdown anytime soon

This has been a very long housing recovery. Because the economic recovery and the housing recovery have both continued over such a long stretch, forecasters seem more and more cautious in their predictions. So, while you can find some who suggest that we can’t sustain 3% growth over the balance of 2019 or into 2020, these same predictions are generally very light on their evidence to support such claims. The Fed has been on the low side of these predictions, but even after the 3.2% 2019 Q1 surprise, they continue to suggest more subdued increases into 2020.

On the other hand, there are almost no predictions at this time of a recession in the near or mid-term. Couple this with no significant inflation, solid wage increases, plus full-employment, and everything looks positive for consumers in the next 20 months or so.

2. Inventories of unsold homes in Los Angeles continues to be low, though increasing

We have had an imbalance of buyers to sellers for many years now, and there is still a reluctance to sell on the part of those who own their homes with no mortgage, low interest rates if they do have a mortgage, and benefits of prop 13 low property tax rates. Even those who move out commonly put properties up for rent rather than sell.

During the last 10 years, investors have also gobbled up huge numbers of single-family dwellings and now rent them out. This has reduced supply.

Unless something comes along to pry these homes out of the hands of those determined to hold on for dear life, lack of supply is going to favor the sellers.

3. Lots of money in the hands of Gen X and Millennials – more dollars on the way

Gen X may be the quiet generation, but their grandparents and parents are starting to pass out wealth to this group. The Boomers will transfer wealth to their kids and grandkids in unprecedented amounts. At no time in the history of humans has there been anything like this wealth transfer.

Millennials are now getting to that place where they are very likely to buy. Their income is going up due to experience, they need more space for their family, even if it is only one or two kids, and they are more likely to be interested in a house with a yard instead of an apartment. If they get the down payment from Mom or her trust, they are likely to want to buy something or move into something nicer.

4. Influx of immigrants will put additional pressure on housing in the LA residential realty market

Whether or not you want a wall is irrelevant. 2019 and 2020 will see the largest influx of legal and illegal residents ever. Don’t pay attention to the politicians on this. The reason folks are coming here is JOBS. We have the lowest sustained unemployment rate in history. Companies are struggling to grow because they can’t find workers. That word gets out. Sure, some may be fleeing difficulties, and some may actually be impressed by freedom. But whatever the reason, there is going to be continued inflow at these levels as long as there are jobs to attract them.

At the other end of the scale, the newly rich from all over the world are still eyeing LA as a favorite place to settle. While there is a bit of evidence that foreign capital for personal residences and investment has slowed somewhat as prices have continued up and up, the overall picture is unlikely to stay subdued. Family members will want to follow those who have come ahead of them.

Techies are adding to the influx of residents to the Los Angeles Real Estate Market

Finally, though certainly not a small part of the story, LA is likely to continue to be a huge destination for highly paid engineers, programmers, content creators and related professionals in all areas of internet and entertainment…especially where the two meet.

Silicon Beach must now include Hawthorne with SpaceX dominating the neighborhood. There is no land left to develop, so when you have more highly paid professionals bidding for the same number of housing units, prices must go up.

If you are thinking of selling your home, the right realtor will get you the highest price with the least hassle. And engaging a top-drawer realtor costs no more than a rank beginner. Whit Prouty is ranked in the top 2% of realtors and has written a book on how to sell your LA home. If you’d like to discuss the value of your home or other aspects of a possible sale, Whit will be more than happy to provide you with advice and direction. Give him a call at 310-777-6302

 Cal BRE#: 01303275


  1. For making your dream home a reality we always try our best. If you need to take a mortgage loan to make your dream true, please visit our site. We have experienced mortgage agents and brokers they will you to find a lender who able to give mortgage loans.

  2. I found this post useful one. I really enjoyed reading a lot. You have done great job by sharing such a useful post online. Thanks a lot for sharing such a informative post.
    private real estate funds

  3. During the years from 1995 to 2002, the real estate market in Philadelphia made gradual increases of maybe 6 percent as each year went on. I began to track my net worth that was 100 percent equity, whitby townhomes for sale meaning I had no other forms of investments to look at when calculating my net worth.

  4. n real estate investing if you don't have a desire to learn and grow as a human being and really get satisfaction out of it, appraisers then real estate investing is going to be hard to do. When I go out and look at a property it brings me a lot of enjoyment.

  5. So you've done some examination on proprietor builder financing... Possibly you've called you're neighborhood bank and stated, "I need to fabricate my own home, I need proprietor builder financing.", and they fundamentally stated. Find local builders

  6. Make sure the movers you hire have the necessary insurance and license from the state since they are going to handle your belongings. Movers Near Me

  7. You can use this earwax removal camera to check teeth, nasal cavity, throat, scalp roots and other body parts.
    You can take care of your family's health, even your pets with this ear wax remover endoscope.


  8. Let us light up your life with quality LED neon sign for room, business, weddings, events, & more. Take a business logo, song lyrics, a kid's name, or even the shape of your dog, & neon-ify it! We are helping making art accessible with easy-to-design, stylish neon room lights. Now there's no excuse not to turn up the brightness!


  9. Are you worry about looking for a high-quality can lid set? We are pleasure to do you a favor. Forget those inferior canning lids! JARLIDS canning lids can bring you and your family a better experience of making jams. Trust us, you will not miss any wonderful cooking is a product market that can help people live happier and healthier liveswe have established an ecommerce platform that provides direct support to consumers with each purchase.From individual creators to grass-roots manufacturers, we connect people with trusted manufacturers.

  10. If you've been outside lately, you've probably experienced mosquitoes and the frustration of not seeing people in your home or backyard. You know the pain of mosquitoes on your restaurant terrace, in front of the beach or in your backyard cafe. One of the simplest and most effective ways to protect ourselves and others from mosquitoes and invisible people is to buy our solar-powered mosquito lights, which charge automatically and, through blue light, attract and kill large numbers of mosquitoes. No power consumption, saving and efficient.

  11. Lace wedding shoes factory
    Satin wedding shoes, with a soft luster, with a luxurious sense of senior, foot is white rich beauty ~ generally more suitable for the wedding dress with satin skirt, the whole is elegant and solemn, often appear in the royal wedding Harry and Meghan wedding, Meghan is to use Givenchy satin wedding shoes, with Givenchy high set satin wedding dress.

  12. Shower Door Hinge export
    Shower Door Hinge export specification refers to the hinge opened, length x width x thick size, general length and width in inches, such as 4"x4", that is, length 100mm x width 100mm. Thickness is generally calculated in millimeters, such as 3mm. General household wooden door selection hinge 4" or 100mm long; Width according to the door thickness, 40mm thick door with 3" or 75mm wide hinge; The thickness is calculated according to the weight of the door, light, hollow, a person to lift it without effort, with 2.5mm thick hinge, solid, heavy on the choice of 3mm thick hinge. Together: the length and width of the hinge on the market is not a special standard, a little bigger, it doesn't matter; The most important thing is the thickness of the hinge, must be thick (>3mm), it is best to get the caliper measurement, because the thickness of the hinge not only determines the strength of the hinge, but also implies that your hinge is not grade, is not really stainless steel

  13. The fluctuation of residential real estate prices has been holding people's minds.canning lids


  14. I hope everyone works hard to afford a house,cook nice foods in the kitchen.Enjoy everyday. ball canning lids

  15. Then make different canning food in the house.canning jar lids

  16. YES,IT'S RIGHT. Influx of immigrants will put additional pressure on housing in the LA residential realty market.kerr canning lids

  17. blood pressure watch professional in R&D wearable blood pressure monitor, in the innovative form of a wrist watch, proactively monitors your heart health by turning real-time heart data into heart.
    mason jar lids canning lids supplier. offer canning Lids in different style and size
    Cervical spine massager We aim to create a healthy lifestyle that assists every individual to de-stress, relax. unwind and streamline a pain-free life and at the same time feel and look amazing.
    sex machine for her Choose Sex Machine to Get Orgasm and Enjoy Life
    moving dildo Enjoy sexual life for both men and women
    neon light for roomNeon Signs Light Is One-of-a-Kind Activities Designed and Hosted by Expert Locals. All Experiences are Vetted for Quality.
    dog training collarsPets Supplier mall offers the ultimate pet shop experience. We have all the pet supplies, pet food, toys and accessories you and your pet needs at great prices. Find all the best pets suppliers coupons, promotion.
    novelty giftsDiscover the latest and most interesting gadgets at a bargain price
    Car decorationHere you will find the latest and most fashionable car accessories

  18. EXP Realty is one of the best agent-owned brokerage companies in the market that can help you to buy a home easily. If you buy your home through them then you will not need any desk fees or royalty fees. You can use this company to buy, sell or rent property anywhere in the US.

  19. mattresses use practically the same principle as those of innerspring and air mattresses reuk mattress

  20. If you wish to finance both the acquisition of your land and the building of your house in one transaction, construction perm loans may be an attractive option. With this financing, you may be able to acquire land and finish construction at the same time, which will save you both time and money in the long run. If you need a construction-permanent loan as soon as possible, you should contact Rae Drake at Cardinal Financial Company Limited Partnership, who will be able to assist. The fact that she has a significant understanding of the financing sector makes her one of the most competent experts you could choose to assist you in obtaining this loan.

  21. The peace of mind I get from knowing my house is clean is priceless. I highly recommend them. House Cleaning 4U