Dose of Realty

The last five years have seen home values appreciate well over 100%, peaking in 2005 with a frenzied pace of record breaking sales. But every cycle takes its turns. No matter what expressions you’ve heard regarding the Los Angeles real estate market; the bubble bursting, a crash landing, or the party ending, the picture is clear: 2006 has seen drastic changes in interest rates, home equity pushed to the limit and a number of national trends that have put the brakes on rapid growth. Despite having slowed considerably after several gainful years, the Los Angeles market has not stalled by any means.

In the face of properties sitting on the market longer, buyers are able to move forward at a comfortable pace as 2006 has seen a slow change to more standard levels of growth, and yes the local market is still growing! If you own a house you like, have a fixed-rate mortgage, and don't plan to relocate anytime soon, there's no reason to lose sleep. And if you're a renter who missed out on the real-estate bonanza, the coming year could actually present the buying opportunity you've daydreamed about.

Being constantly in the loop with all of Los Angeles’ varied neighborhoods and studying local trends and area happenings are Boni and Joe’s expertise. Your investment is safe with quality service and expert information. For more info please visit www.boniandjoe.com