Invest into Real Estate now or Later
It’s easy to see what you can learn from this quarter of a billion dollar investment. The demand for single-family homes in fast-growing is across the country and the trends established by COVID-19 all point upward in everything but inventory. How many people have thought, “I’ll wait until it dips because of the pandemic/election/winter/etc.” only to see it to steadily rise over time? Take for instance Woodland Hills.
Woodland hills has seen a consistent 8 to 12 percent growth annually in the last 2 years. In fact, as of February 8th, there are nearly 200 listings – many of which are well past the million dollar mark all the way into the 3M+ and onward zone.
Calabasas, Encino, Studio City and many other Valley areas in Los Angeles are proving to become great real estate investment markets for people and businesses alike.
But the questions is: now or later?
Mortgage rates for today are at 2.81%. In 2019 before the pandemic? Around 3.8%. In other words, despite inflation of certain properties – the savings in the current rates are optimal for investing long term. In the short term, as values continue to rise, the opportunities are just as good. Real Estate investing in Los Angeles has never been better.