Tuesday, April 22, 2008

Real Estate Prices Down & Rents Are Up

Los Angeles County rents are up 4% since March 31, 2007.
Source: The Associated Press

Here is a very useful link:
Is it Better To Buy or Rent? Click Here.

If you have $$$, good credit and a good job, what are you waiting for? The market has declined anywhere from 10-50% in the San Fernando Valley. In certain areas, single family homes are selling below the cost of condos just a few years ago.

The areas with the largest price depreciation are: Van Nuys, Canoga Park, Reseda, Winnetka, North Hollywood, Granada Hills, Panorama City, and more! This is the perfect time to buy a home and secure a great financial future.

If your tired of renting, visit: http://www.properties.la/ . You can view homes by location, then price. It's free and the site is updated daily.

For a free list of bank owned homes, visit: http://www.homes.la/Foreclosures-San-Fernando-Valley.htm

Written by: Richard Johnston, RE/MAX OTB

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