Today's L.A. Times featured an article titled "Fewer starter homes being built" in the print edition and "Why millenials are staying away from home ownership..." in the on-line edition. Last sentence and should link. The gist: "Builders are catering more and more to affluent baby boomers and building larger and more expensive dwellings..." instead of more modestly-sized entry-level homes. We are certainly seeing this trend in homes in Studio City and the east SFV. The article has all kinds of interesting statistics and is definitely worth a read.
Will home affordability return here in L.A.? Perhaps not for brand-new homes in hot areas anytime soon. But if you're a first-time buyer, or even NOT a first-time buyer, there are lots of not-new homes and homes in not-so-popular areas that are certainly worth considering.
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.
No comments:
Post a Comment