CONSUMER SENTIMENT GOES A LONG WAY

Consumer sentiment refers to the overall attitude or feeling of consumers towards the economy and their own financial situation. It can have a significant impact on the real estate market, as a positive sentiment may lead to increased buying and investing in property, while a negative sentiment may lead to decreased activity

This SENTIMENT doesn’t always accurately reflect your local market. There is a fairly strong argument that NOW is the one of the best times to buy because prices have been holding steady or even trending slightly higher, sentiment is trending negative, there are fewer offers and longer days of market. Plus, there are various other economic factors to support the opposite of the negative sentiment. 

We still have:

Historically Low Rates

Pent Up Buyer Demand

Very Low Unemployment

Low Inventory – READ HERE

So….you want to make sure you are not on the wrong side of sentiment, when it trends back towards positive. When it does, and it will, rates will be a bit lower, which will cause prices to rise, offers to increase dramatically, and your window to buy to maybe slip away. 

We deeply appreciate the trust and partnership you have extended to us. As some of the best realtors in Los Feliz and Greater Los Angeles, the Riley Real Estate & Home Mortgage team is dedicated to assisting you in discovering your dream home in the beautiful neighborhood of Los Feliz and surrounding Los Angeles areas.  We eagerly anticipate the opportunity to serve you in buying, selling, investing and mortgages and earn our reputation as a top realtor and make your real estate aspirations a reality.

Best,

Riley Schmidt