It’s all about supply and demand. The quantity of available inventory is still at historic lows. Expect good appreciation throughout 2017. The main takeaway from these statistics is the long term Los Angeles regional appreciation of over 5 1/2% on average for the past 42 years. Rents have recently been going up faster than property appreciation. Real estate ownership has historically been proven to be a great creator of wealth. Ron’s rule #1, own the roof over your head. Rule #2, own rentals.
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me.
Ron Henderson GRI, RECS, CIAS
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth