Many clients ask us why Northeast Los Angeles real estate has become such a hot commodity. Good question!
There are a few factors that influence the real estate market in general:
Mortgage interest rates
General economic trends
Mortgage Interest Rates: We have experienced historically low interest rates for several years now, and although we have seen some movement up and down, nothing seems to indicate that the dread interest rate of 5% is likely to happen soon. Frequent readers are probably tired of me harking back to the early 1980s when interest rates were 14%.