Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Thursday, October 08, 2009
From today's L.A. Times: Realtor org says prices will rise next year
L.A. Times clipping service here! Today's business section has the following article: State median home price to increase next year, Realtors group says. This is from the California Association of Realtors, and they predict a 3.3% rise in prices next year. Candidly, since this is statewide, it really has very little meaning for each individual neighborhood. But anyway, here are a few other quotes that I agree with [emphasis mine]: the number of purchases will decline slightly because there will be fewer foreclosures available and It will continue to be hard to sell higher-priced houses because values have dropped and financing is hard to get.
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