WEST LA REAL ESTATE - IS NOW THE BEST TIME TO BUY OR SELL REAL ESTATE IN WEST LOS ANGELES?

West LA Real Estate

The last few years has been a very difficult real estate market to make a decision to buy or sell. On the buy side they are constantly on the fence wondering if they should wait and maybe the prices will go down. Of course on the sell side it is just the opposite and they stay on the fence thinking the prices are going to go up.

To some extent West LA Real Estate has had the same turmoil in the market place but what has kept the highs and lows in a much calmer place is West LA. West LA; the beach, the mountains, shopping, restaurants and parks ... no place like it. You add to this the fantastic public school system it is no wonder that real estate in West LA in the worst of markets still is active and thriving. West LA Real Estate is in a good place and is pretty well balanced for both buyers and sellers. If you are looking to buy a house in West LA you are looking at the right location

There is also another very important reason to buy real estate in West LA now -  the interest rates. We are just coming off of historical low rates, around 4%. buyers have lost the opportunity to get a loan at this price and sellers have not had their house on the market at a great time where buyers had loaned locked in at these rates. Today the rates are around 5% and they are going to go up. It was just announced by the Obama administration that the government was getting out of the business of helping people afford to have a home. They announced the eventual shutting down of Freddie Mac and Fannie Mae. The only two guarantors of low interest rate loans. The economic forecasters are calling for loans to rise by 1% to 2% just by this alone. As the economy recovers and demand goes up loan rates will continue to rise. I think that 7% is not far off.

What does this mean? If you are interested in West LA houses for sale or buying or selling West LA Real Estate in the next 6 months now is the time to do it. West LA Real Estate offers the safest place to invest in a home and no matter if the market goes up or down West LA Properties will always hold the value and increase your equity than most every other community in Los Angeles.

As a West LA realtor, I look forward in working with you and guiding you to reach your goals and protect your interests, in buying or selling West LA Real Estate.

Bob Schmalz