Los Angeles real estate is constantly changing and evolving and we are home to one of the most interesting real estate markets in the world. Many have the common misconception that it is cheaper to rent than to own in Los Angeles, but 2016 brought an end to that myth. According to Zumper, rents in Los Angeles saw a rise of 5.2%! This rise put Los Angeles as the number 7th most expensive city in which to rent. If you're currently a renter, you could save thousands by purchasing rather than renting. According to the California Association of Realtors, it is now cheaper to own in Los Angeles (including discounts due to write-offs) than it is to rent!
2017 is right around the corner and it is a great time to buy or sell. The market is hotter than ever and if you're a current renter, it is time to save some money. Contact me to today to set up an appointment to discuss your real estate goals. Let's welcome 2017 together!