tag:blogger.com,1999:blog-232822647210127474.post4508411813048118084..comments2023-09-26T06:28:24.303-07:00Comments on Chris B Johnson REALTOR® - Luxury Home and Estate Specialist: Home Buyers are Optimistic About Homeownership! #TimeToBuy #FirstTimeHomeBuyers #MoveUpHomeBuyers #5StarREALTOR #HyperLocal #ChrisBJohnsonREALTOR #TopProducer #FlipandFix #RealEstateInvestor #RentalPropertiesChris B Johnson REALTOR®http://www.blogger.com/profile/03567810689840061314noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-232822647210127474.post-46890039846045409342019-05-07T12:15:38.461-07:002019-05-07T12:15:38.461-07:00Overall, the US economy is strong: stock market ne...Overall, the US economy is strong: stock market near record highs, a strong US Dollar, low unemployment, higher jobs reports and the Federal Reserve easing interest rate hikes and their rhetoric and forecast for 2019. Mortgage rates are at 2-year lows, making qualifying for loans more affordable to the consumer, re-fueling the real estate market. Finally, we anticipate the trade war with China will soon have a positive resolution, which should help alleviate overall global concerns.<br /> <br />After an 8-year bull run on real estate values from 2010 to 2018 we are now 12 months removed from the all-time highs of April 2018. Globally, we have seen a decline in overall growth, and cities like London took a dramatic hit in average sales price of approximately 25% from their all-time highs. New York, due to its oversupply of inventory coupled with the overall market stabilization, saw prices drop over 20% from their highs. The positive news for Los Angeles real estate is that it remains strong with low inventory and a minor, healthy correction of 5-10% from its highs. Los Angeles remains both a domestic and international investment hub for real estate. The market has shifted from a Seller’s market to a Buyer’s market and opportunities for long-term gains and value in premier market areas remain strong.<br /> <br />Our advice is to write, write, write OFFERS and see what kind of deal you can find.Chris B Johnson REALTOR®https://www.blogger.com/profile/03567810689840061314noreply@blogger.com