Condo Prices in Los Angeles Down 40 Percent Since Market Peak

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Condo Prices in Los Angeles Down 40 Percent Since Market Peak

HOW LOANRATEUPDATE WORKS

READ OUR DISCLOSURE

FILL OUT THE FORM

It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.

WE VERIFY & TRANSMIT TO LENDERS

Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.

REVIEW YOUR OFFERS

With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.

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Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.

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Condo Prices in Los Angeles Down 40 Percent Since Market Peak

HOW LOANRATEUPDATE WORKS

READ OUR DISCLOSURE

FILL OUT THE FORM

It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.

WE VERIFY & TRANSMIT TO LENDERS

Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.

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Condo Prices in Los Angeles Down 40 Percent Since Market Peak

January 13, 2012 (Jeff Alan)

The long downhill slide of condominium prices in Los Angeles and San Francisco are beginning to look more and more like a Charlton Heston disaster movie from the 1970’s while New York continued to be the one shining star as condo prices there increased for the fifth consecutive month according to Standard and Poor’s HouseViews.

Of the five condominium markets covered by the S&P/Case-Shiller Indices in October, only New York posted a gain in monthly condominium prices.

In California, the long slide in condo prices continued in October, with San Francisco suffering a monthly price decline of 2.6 percent, the largest decline of the five condo markets, while Los Angeles saw its prices decline 1.7 percent.

Condo prices in Los Angeles have fallen in 15 of the last 16 months leaving prices in the area 8.2 percent lower than in October 2010, the largest year-over-year price difference of the five markets.

In San Francisco, over those same 16 months, condo prices have fallen 13 times leaving prices 8.0 percent lower than in November of last year.

Condo prices in Los Angeles are now back to levels last seen in mid-2003, and in San Francisco, condo prices have dropped back to early-2002 levels.

The index for Boston fell 1.6 percent from September to october and is 1.9 percent lower than in October of last year. Chicago posted a monthly decline of 2.5 percent and condo prices there are 7.7 percent lower than in October of 2010.

New York was the only market to post a price increase in October, 0.1 percent, and was also the only market to post an annual price gain of 0.5 percent. It was the fifth consecutive month that condo prices have increased in New York.

Condo prices in Los Angeles have declined 40.8 percent since its market peak in October 2006, while San Francisco’s prices have declined 35.6 percent since its peak. Whereas in New York, condo prices have declined only 12.8 percent since the market peaked in February 2006.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
Standard and Poor

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January 13, 2012 (Jeff Alan)

Of the five condominium markets covered by the S&P/Case-Shiller Indices in October, only New York posted a gain in monthly condominium prices.

Condo prices in Los Angeles have fallen in 15 of the last 16 months leaving prices in the area 8.2 percent lower than in October 2010, the largest year-over-year price difference of the five markets.

In San Francisco, over those same 16 months, condo prices have fallen 13 times leaving prices 8.0 percent lower than in November of last year.

Condo prices in Los Angeles are now back to levels last seen in mid-2003, and in San Francisco, condo prices have dropped back to early-2002 levels.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
Standard and Poor

HOME LOANS CAN BE CONFUSING

YOU'VE GOT QUESTIONS

WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?

DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?

WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?

WE MAKE IT SIMPLE

WE'VE GOT ANSWERS

CALCULATE YOUR MORTGAGE PAYMENT

BENEFITS OF REFINANCING YOUR MORTGAGE

ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN

INSIDER CAR BUYING TIPS

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.

BUYING VS LEASING

There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.

DEALER OR BANK FINANCING

Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.

BUYING ON THE INTERNET

Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.

THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.

AUTO LOAN CALCULATOR

Calculate how much you can afford

BUYING OR SELLING A HOME
IS A BIG DECISION

WE MAKE IT EASIER

HOME BUYING TIPS

HOME SELLING TIPS

SEARCH FOR A HOME

Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.

FIND THE CREDIT CARD THAT'S RIGHT FOR YOU

THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.

YOU'VE WORKED HARD TO BUILD YOUR DREAM

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January 13, 2012 (Jeff Alan)

Of the five condominium markets covered by the S&P/Case-Shiller Indices in October, only New York posted a gain in monthly condominium prices.

Condo prices in Los Angeles have fallen in 15 of the last 16 months leaving prices in the area 8.2 percent lower than in October 2010, the largest year-over-year price difference of the five markets.

In San Francisco, over those same 16 months, condo prices have fallen 13 times leaving prices 8.0 percent lower than in November of last year.

Condo prices in Los Angeles are now back to levels last seen in mid-2003, and in San Francisco, condo prices have dropped back to early-2002 levels.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
Standard and Poor

HOME LOANS CAN BE CONFUSING

YOU'VE GOT QUESTIONS

WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?

DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?

WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?

WE MAKE IT SIMPLE

WE'VE GOT ANSWERS

CALCULATE YOUR MORTGAGE PAYMENT

BENEFITS OF REFINANCING YOUR MORTGAGE

ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN

THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.

INSIDER CAR BUYING TIPS

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.

BUYING VS LEASING

There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.

DEALER OR BANK FINANCING

Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.

BUYING ON THE INTERNET

Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.

AUTO LOAN CALCULATOR

Calculate how much you can afford

BUYING OR SELLING A HOME IS A BIG DECISION

WE MAKE IT EASIER

HOME BUYING TIPS

HOME SELLING TIPS

SEARCH FOR A HOME

Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.

FIND THE CREDIT CARD THAT'S RIGHT FOR YOU

THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.

YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS