LA Digs - Northeast LA Real Estate Blog

This week we were pleased to send a donation to the Pasadena Humane Society on behalf of our client, whom we helped to sell her long-time family home in Eagle Rock.

The Pasadena Humane Society & SPCA is an independent, donor-supported, non-profit agency that provides animal care and services for homeless and owned animals in our community. PHS takes in nearly 12,000 animals each year from the cities of Arcadia, Bradbury, Glendale, La Cañada Flintridge, Monrovia, Pasadena, San Marino, Sierra Madre and South Pasadena.

This week we were excited to send a donation to the Dahlia Heights PTA on behalf of our clients whom we helped to sell their first home, a sweet bungalow in Eagle Rock, and purchase their next Eagle Rock home!

Dahlia Heights is a beloved elementary school here in Eagle Rock. Since it is no longer considered a Title 1 school, the PTA is working compensate for the hundreds of thousands of dollars the school no longer has in the budget for staffing, extra programs and other resources.

This week we had the pleasure of directing a donation to Hamilton Elementary on behalf of a lovely family who we helped to purchase their first Altadena home, a three bedroom, two bath, updated traditional in the foothills.

Hamilton Elementary is a math, science, and technology academy in the Pasadena Unified School District. When budget cuts started forcing elementary schools to delete their extra programs, Hamilton Elementary set up an annual fund in order to continue making those programs accessible to all of their students. You can read more about the annual fund here.

Living in the city, we dream of the country life--the quiet, space, privacy. At the same time we are spoiled by the convenience of nearby shops and restaurants.

Here in this sweet 1922 cottage, you are less than a 10 minute drive to the Eagle Rock Trader Joe's, 6 minutes from the heart of the York Blvd. scene, and only a mile from Fusion Burger and El Super. Highland Park real estate is booming and the availability of ideal homes such as this is the reason!

Who says we can't have it all? This is a small, charming cottage with wood floors, 2 small bedrooms, a living room and a spacious kitchen, a front porch big enough to sit on with your morning coffee--but the basement offers an additional space for a workshop, a "person" cave, whatever you need.

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:

1. Mortgage interest rates

2. Employment statistics

3. General economic trends

4. Buyer/Seller expectations

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%.