Why Buying Beats Renting

You've probably noticed that rent rates have been increasing. We found this infographic that describes some benefits of why it makes sense to buy instead of rent, from the benefits of home ownership to frequent misconceptions of the buying process. 

Check it out here: http://www.lgihomes.com/renting_vs_buying.cfm

Top 5 Reasons Californians Buy Homes

Los Angeles Home Prices Continue to Rise

Data released by S&P Case-Shiller indices indicate that in the Los Angeles area, prices are still on the rise.

Increases for Los Angeles are 2.58% which is somewhat higher than the 20-city or 10-city national composite of 2.45% and 2.48%, respectively.

                      S&P Case Shiller index ending June 30, 2013

                      Click on image to visit the Case Shiller site

Interestingly enough, there are two opposing pressures on the housing market:

• The rise in interest on mortgages puts downward pressure on buyers.  Their buying power decreases as the interest rate goes up.
• The decrease in defaults and foreclosures means a decreasing inventory of property on the market, exerting an upward pressure on housing prices.

The Case-Shiller index measures prices across the nation in 20 cities.  The trends across the country are showing different results.  Many cities. like Los Angeles, that were hardest hit with the price decreases in the downturn, show the fastest price growth.

http://natalieneith.com/los-angeles-home-prices-continue-to-rise/

Eastern Columbia Bldg, 849 S Broadway Ste #704 90014

849 S BROADWAY #704, LOS ANGELES CA 90014
OFFERED AT $785,000
MLS #13-690499
1 bdrm, 2 bath, 1610 sq.ft.

Corner unit in the most BEAUTIFUL bldg in Los Angeles! Light filled, lots of windows, in hip and happening bldg that offers wine club, book club, gardening club--and views of the Orpheum! Mills Act gives tax break! Spacious unit on front corner--down the street from the new Ace Hotel-- rooftop pool with views forever, fitness center, secured parking--what's not to like? A once in a lifetime opportunity!

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Lease Listing: 6509 Hayes Dr 90048

6509 Hayes Dr, Los Angeles, CA 90048
OFFERED AT $2,100/mo
2 bd, 1 ba, 1120 sq.ft., 7500 lot sz

SWEEEEET! Adorable side by side character duplex 2+1 (West side 6509) in Carthay HPOZ. Wonderful location, spacious living room w/ decorative fireplace, dining area, & eat-in kitchen. Hardwood & carpet, French doors to Topanga style back garden, laundry fac., street parking. Perfect for someone who loves peace and quiet...and at a great price!

Click below for the full photo tour!