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What's In Store for LA's Housing Market in 2019?

Dave Robles

"When you have roots in a community, you love to help it grow. Mine run deep." The Los Angeles area has been my home since birth...

"When you have roots in a community, you love to help it grow. Mine run deep." The Los Angeles area has been my home since birth...

Jan 11 2 minutes read

What's In Store for LA's Housing Market in 2019?


In 2018, LA housing prices hit record highs. According to Zillow, these prices have fallen slightly since summer. So what's in store for 2019?

According to Jordan Levine, senior economist for the California Association of Realtors, some believe that prices will suddenly and dramatically drop, remembering 2008. However, because mortgage providers are avoiding the risky loans that caused the 2008 drop, this is unlikely. Instead, prices will steadily grow. 

Nationwide, it is estimated that prices will rise by 7.7%. In Los Angeles, it will be around 5%.

It is also important to know that the interest rate environment is low compared to the 1980s when it was in the double-digits. Just one percentage often means thousands of dollars for already stretched homebuyers.

Further, when real estate slows, not every neighborhood is affected the same. Because buyers will be pickier, homes that need work or that are in inferior locations are affected more than those in better condition or in better locations.

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