Sunday, November 13, 2016
How will the election affect local real estate?
Many questions will be answered over the next several months. Will interest rates go up? Will Los Angeles homes for sale inventory rise? Will lending tighten up or loosen up? Will foreign money leave the luxury and ultra-luxury market here? What about Fannie Mae and Freddie Mac? All this stuff impacts all this other stuff.
So the word here is uncertain. Hopefully everything will shake out for the better sooner or later. Yes, I will soon have a post on what buyers and sellers can do in the meantime.