Marketing Luxury Real Estate: Tap Into the High Net Worth Mindset

It is important for luxury real estate marketing professionals to follow the luxury trends outside of real estate. The more you tap into the mindset of potential high net worth clients the greater your chances are to gain their trust and their business.

For example, researchers specializing in the world of cosmetics are finding that the luxury beauty product industry has grown at an annual rate of 6% since 2004. Trade publication, Global Cosmetics Industry, states that beauty products generate approximately $230 billion in global sales. An emerging trend among consumers is that they are growing more knowledgeable about ingredients and are favoring natural-based products. The women in emerging luxury markets in Asia, the Middle East, and Russia are now sold on skin care and makeup, and have become savvy, eager consumers.

The house of Guerlain, a premium perfume and beauty brand had embarked on developing a new brand of skin care to meet the needs of an aging population. By researching orchid plants, that take an inordinately long time to fade after they bloom, they came up with a proven anti-aging formula. To facilitate their research they built an "orchidarium" (a French term) to study 30,000 species of orchids.

Guerlain's marketing message is targeted specifically to highly informed consumers:

"After ten years of research within the Guerlain orchidarium, three new orchids selected among 30,000, revealed the secret of extraordinary longevity".

According to their research, Guerlain's new orchid extract has the power to turn back "cellular" time. The initial tests by a reputed dermatologist, showed a 54+% in skin improvement in two months based on rigorous standards, and the research continues.

Following trends in other luxury industries, such as the luxury cosmetic industry, can not only yield insights into the mindset of high net worth consumers, but also offer you social currency to engage in meaningful conversation. Holding your own in social situations in this way builds trust and your bottom line.

Tag:-market analysis real estate, how to find real estate investors, real estate forecasts, market research real estate, real estate growth, real estate technology, real estate market trends,leading economic indicators

Marketing Luxury Real Estate: Think Like a Journalist

Many luxury real estate marketing professionals believe that the primary purpose of blogging is to increase their website traffic. It is true that a great blog can actually account for more traffic to your website than traffic generated when search engines, like Google, display your website/blogsite at the top of their search results pages (and users click through). However, more traffic is actually a by-product of your blog not the purpose. The real purpose of your blog is to build an ever-expanding local, national and international sphere of influence, a stronger referral base, and an audience of raving fans who recognize you as an expert in your field.

When your blog is follow-worthy, buzz-worthy and comment-worthy you actually emerge as a journalist on par with those who write for major news publications and magazines. As a journalist you become a reporter, a columnist, a commentator, an entertainer, and a correspondent. Your opinion becomes sought after by traditional media. The more you aim to achieve this level of professionalism as a blogger, the more your sphere of influence will grow.

Just as e-book readers are changing the book industry, smart phones and tablet computers, like the iPad, are changing the magazine industry. With digitization, the cost of printing and delivery/distribution (over the internet) is virtually zero. That is now freeing up resources that can be deployed to making each magazine edition truly interactive. With videos,, 3-D effects, links to archived editions and related stories, search, social interaction, polling, and more extensive photography, magazines can provide a vastly more satisfying user experience than a print issue.

The new magazines will be available everywhere, on any device which can expand its circulation. And, readers will spend more time interacting with each edition, more time than a one hour TV show that may cost the same price, for example. Besides this rich user experience, readers can count on the fact that the magazine articles will be well researched and also edited well, which is a "value add" that most blogs cannot match. Think of the depth of sports coverage in Sports Illustrated when this magazine is published on the iPad.

If you are currently blogging or are contemplating becoming a luxury real estate blogger, keep in mind that the competition for attention is going to get even fiercer as print magazines go digital and become truly interactive. Now is the time to step up the level of professionalism on your blog. Start thinking like a journalist!

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Niche Marketing in Real Estate Marketing Online

What is a niche?

A niche is a target audience or target market or an area of specialization where you can provide your services in the best manner because you are more knowledgeable in that market.

A niche can be geographical. You may choose to provide your real estate expertise in one city or if you are a real estate agent in a large city, your niche may be a certain geographical boundary in that city. Some agents specialize in farm properties. Some agents specialize in second homes and investment properties. Some agents focus on 1031 tax deferred exchanges. Real estate agents who speak other languages may find themselves providing services to buyers and sellers who speak those languages. Whatever type of niche you have, it is extremely important to focus your attention on your target audience when in comes to real estate marketing online.

Niche marketing does not mean you have to limit your marketing efforts in just one local area. It is also important to combine national with regional and local exposure. For instance, if you are specializing in the second home market, it is important to combine local and regional marketing with national marketing when it comes to real estate marketing online. If your niche is in the second home market, the buyer or seller for a second home may come from any city in the country.

Many buyers and sellers of second homes consider different cities in different states before they decide where next to purchase a second home or investment property. They like to search online to conduct their research to find out about the different cities they are considering. They also look for real estate agents online who can provide them with additional information on the cities of their interest.

If you market your real estate business online outside of your local area of service, you are already several notches ahead of your competition because you will reach your target audiences right in their spots before they even start looking for a real estate agent else where. Their perception of your professional practice will also improve because you are giving them a glimpse of the kind of approach you have when it comes to conducting your business.

The biggest drawback in utilizing real estate marketing online nationally is the issue of budget. If you are an independent contractor (and most real estate agents are), chances are that you will pay for the marketing of your own profession, and most online publications will charge a handsome fee to include your real estate business online nationally. However, if you do your research, you will find some online publications that will charge decent rates to include your real estate business online nationally.

Understanding that it is not necessarily the amount of any online traffic that is important but getting the online traffic from your target audience is what really counts. You will get less general online traffic when you direct your focus to a targeted audience, but you are reaching the audience that will listen to your message. This is the audience that is more likely to respond to your message. Of course, just like any other type of marketing, real estate marketing online is still a numbers' game, and you are more likely to experience a higher success rate when you reach your target audience online.

How do you reach your target audience with real estate marketing online?

Advertise your real estate business in specialized online publications. If you would like to reach the audience for the second home market, advertise online on a second home Internet directory or second home Internet magazine. If you would like to reach the market online for 1031 tax deferred exchanges, advertise in an online or Internet magazine that specializes in real estate investing and 1031 tax deferred exchanges.

Know the function of the search engines in real estate marketing online. A huge majority of online searches are done through search engines. Using search engines is really a wonderful way to reach your target audience because your target market is the one coming to you instead of you going to them. For instance if they put "buying a second home directory" as their search parameter, they are very specific about finding a directory that specializes in the second home market.

Advertise in an online publication that ranks in the top 10 of Google, MSN, and Yahoo when using the key words of the search parameters that your target audience is most likely going to use because these major search engines are the tools that your target audience will most likely utilize to conduct searches online in order to reach you. The real estate online or Internet publications that display in the top 10 of the search results in major search engines in a defined niche are the ones which are most likely to be visited by the people who are looking for that specific business or service and that is the online publication where you would like your business to be seen.



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Marketing For Real Estate Agents - How to Get the Edge

Marketing for real estate agents can be really effective if you know how to go about it the right way. Many agents have setup shop online and do quite well promoting themselves and their business online. There are a few things you need to follow if you really want to be successful on the internet, though.

The thing about marketing for real estate agents online is that you need to be able to boost your bottom line really fast. It's imperative that you understand just how important it is for you to take things step by step.

Online marketing can be so convenient because it seems as though everyone is doing their business online. This is especially true for people who don't get round much. It sort of gets rid of the much mounted stress of taking a car from some one to find their way around. You also need to market a number of things.

Marketing for real estate agents has become so fast and furious that branding online is probably the only way they can get the exposure they need. People today like to do much of their research and their advertising online. This is one big reason why people and businesses make them selves visible to these people. However with online marketing you need to be really patient as results don't come flowing in.

You also need to have a fair idea of just how much of ad for your marketing for real estate agents you will have on various websites. There are a number of various avenues that can help you boost your online appearance. You will also need to have good traffic in order to get noticed by people and in turn convert them to clients.

When you start an online marketing for real estate agents campaign, you need to first access what is really required. You need to some how define a niche which you can target which is not highly competitive. Even large businesses often search for niches that are not very competitive in order to find new markets which do not require much investment in terms of advertising and marketing.

Successful Marketing for real estate agents for real estate agents needs to be fresh and competitive. You need to be able to blow your competition away and create an identity of your own. Some times you can even out do big names for a fraction of the cost.

Want to get new clients fast WITHOUT spending money on real estate marketing? Discover the secrets most real estate agents will never know about getting 10-15 new buyers and sellers / month with web 2.0 marketing for real estate agents. Visit http://www.growth-maps.com now for more info.



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Marketing For Real Estate Agents in 2009

People all over the country are looking for new ways to get some extra cash. Many people do not know how simple it is to get your real estate license. Once you have your license, you can then start looking for the right clients. Now, in order to get started the right way, you need to have the right marketing campaign. Marketing for real estate agents is not going to be as hard as you might think. Simply take a look at this guide in order to help you get yourself and your real estate business started.

Doing all of your homework is vital if you want to have the right amount of success. Those agents to take the time to sit down and think about their marketing campaign are more likely to sell homes. You need to have clients in order to make the money that you need. Find out what your buyers are looking for within the market and then run with all of that.

Knowing how the market is doing at all time is really going to help you out. Buyers are looking for agents that are prepared and ready to go. You need to know where the hottest houses are on the market. You should also look into the neighborhoods. You can research crime rates, the schools, anything that your buyers might need to know about. Most buyers are looking to buy a home that they can raise children in. Make sure that you have this all included in your marketing campaign.

Using every marketing tool to your advantage will definitely help you. There are many tools that you should have at your fingertips. The most popular tools that you will come across is going to be your website, newsletter and even email lists. Having these tools will enable you to get in touch with your buyers and keep them updated on any changes that occur within the market. The internet has a lot to offer everyone that uses it. Make sure that you are using the internet to your complete advantage.

Having the right website is what is going to pull in buyers. Make sure that your website is very well laid out and easy to find. You can hire a designer to get all of the hard work for you. Keep in mind that may cost a little bit of extra money, but it will be worth it in the long run. After the website is finished, make sure that you are updating your site when any changes arise.

Creating a newsletter and an email list is a great idea. This is a direct way to get in touch with your buyers. When something changes in the real estate market, your buyers should be the first to know. Send out a newsletter once a month. This is a great way to make that extra money that you need to make.

The real estate market is on the verge of booming. Right now is the time to start planning your marketing campaign. Take the time right now to sit down and think about which direction that you want to go in. Once you get started, you will have all of the buyers that you need!



Tag:-market analysis real estat, how to find real estate investors, real estate forecasts, market research real estate, real estate growth, real estate technology, real estate market trends,leading economic indicators

Marketing For Real Estate Agents in a Tough Economy

Real estate agents in today's market may not be doing so well. Luckily for them, there are plenty of marketing ideas that you can use in order to become a successful agent. In order to get started, there are a few things that you need to take care of first. The main thing that you need to remember is your marketing campaign is your very first impression. Take a look at these great tips and tools that will get you on the road to making some great money in the world of real estate. Marketing for real estate agents is a very simple challenge.

Having a plan is going to be your first priority. You should definitely give yourself some time to sit down and think about which angle you want to go for. Think about the market right now and what prospective buyers actually want. Once you get your idea set in your head, you can move on to the next step!

Once you have your brainstorming all taken care of, you need to start researching the market. A strong real estate agent knows what the market has to offer at all times. Before you start seeking out any clients, you need to take the time to know what buyers need and want. Look into the best homes on the market as well as the best neighborhoods to live in. This is what your buyers want to know about. Having all of this information up front is going to set you above other agents.

Now, there are plenty of marketing tools that you can look into. Most of these tools are very easy to execute as well as maintain. There are some basic tools such as newsletters, emails and websites that you can get started with. These tools are a must for any marketing campaign. The internet is so large and always running with people. Use the internet to your advantage when looking for buyers.

Let's take a look at creating a website. You do not need to know a lot about the internet and design in orderr to get started. If you have some extra money, they you should think about outsourcing this work. You can get a professional designer without the huge price tag. After the website is completed, you simply need to ensure that you update every once and awhile.

A newsletter is going to allow you to keep in touch with your clients. Let them know how the market is doing and what is going on with your company. Try sending out some email updates as well. These emails can be sent once a month to each client on your list.

Always make yourself available to your clients as well. If they know that they can reach you at anytime, they are more likely to sign with you. Right now the market may be tough, but there are so many marketing tools for real estate agents right now. Take a look and see for yourself!


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Slovenia Real Estate - Forecast to Grow by Up To 300% In the Next Decade

Slovenia real estate is more popular than ever with US, UK and other overseas property investors and with good reason:

Slovenia was recently voted one of the top ten destinations in the world to invest in property and annual gains of 30 - 40% are being achieved. Slovenia real estate is relatively cheap and the potential to make solid capital gains with low risk is creating a property boom, which we will look at in further detail in this article.

1. Slovenia location

Slovenia is located to the right of Italy, and also has borders with Croatia, Austria and Hungary. Slovenia was formerly part of Yugoslavia and is noW an independent country and has recently become a member of the European Economic Union (EEC).

2. Slovenia Geography

Slovenia is a small compact country with diverse scenery. The country features snow capped mountains, dense alpine forest, rolling hills, beautiful lakes and valleys dotted with vineyards. There are lively towns and the beautiful capital Ljubljana, with its beautiful medieval streets, baroque architecture and soaring church spires.

3. Slovenia Economy

Slovenia position and recent membership of the EU has seen foreign capital investment increase and the country now boasts the highest growth rate of any new EU member. With a booming economy and tourism increasing the outlook for the economy of Slovenia is one of strong sustained growth for the foreseeable future. It is this backdrop that is driving Slovenian real estate prices higher and attracting more and more overseas property investors.

4. Slovenia Destinations

1. The capital Ljubljana

Offers great returns on investment, with prices predicted to increase by approximately 30% per annum for the next decade.

The limited supply of housing and restrictions on land development, are driving Slovenia real estate prices higher. Quite simply, there is simply not enough quality housing to meet demand.
The rental market is also strong and "buy to let" investors can also make good solid income as well as capital growth potential.

2. Primorska

Primorska on the Adriatic coast and the mountain district of Gorenjska are also popular areas to buy Slovenian real estate.

3. Pohorje & Maribor

Slovenia's largest ski resort is located in the Pohorje Mountains and is the home to the popular Mariborsko Pohorje ski resort.

This area is known for its great white ski slopes, cross-country trails, which are located in an area of stunning beauty, amongst fairytale alpine forests and snow capped mountains dotted with valleys and clear pristine streams.

4. Maribor

Nearby, the city of Maribor is Slovenia's second-largest city and one of the most popular places to buy Slovenia real estate. Another popular ski resort is Kranjska Gora, located in Zgornjesavska one of the most beautiful of Slovenia's many Alpine valleys.

There is something for everyone when it comes to buying Slovenia real estate - from bustling cities, to popular ski resorts, to peaceful alpine retreats.

4. Buying Process

Buying property in Slovenia is relatively straightforward and it normally takes around a month to complete a property purchase. Finance is available and there are many specialist Slovenian estate agents who now cater for foreign buyers. They can advice you on the best property to buy in terms of, your budget and investment aims.

An emerging market with strong growth potential

For those property investors seeking affordable prices and good future growth potential, real estate in Slovenia has a lot to offer.If you are interested in overseas property investment, you will be interested in Slovenia real estate and the potential it offers.


Tag:-market analysis real estat, how to find real estate investors, real estate forecasts, market research real estate, real estate growth, real estate technology, real estate market trends,leading economic indicators

Commercial Real Estate Forecast - 2010 Stable - Bargain Hunters Poised to Take Advantage

The commercial real estate industry faces a dismal forecast for the next 5 years. Nationally, 2010 looks like an unavoidable tsunami of foreclosures and short sales for a multitude of borrowers, investors, and lenders - are the reports from the mainstream media.

Each year through 2015, there will be $250 billion to $300 billion in loans that will come due on office buildings, malls, shopping centers, Multi-family apartment buildings, manufacturing facilities, warehouses, Self Storage and other commercial properties, according to PriceWaterhouseCoopers, a New York-based professional services company.

Scarce capital, high vacancies, declining rents and sluggish job growth will continue to place stress on the commercial sector all across the country. Although there will be spurts of positive activity, it may take until 2012 for a sustainable recovery to take hold in this country.

However, with adversity, comes opportunity. These less than positive predictions and negative economic conditions could create the opportunity of a lifetime for investors this year and next. The values of commercial real estate are at all-time cyclical lows, presenting one of the best acquisition environments this country has ever seen.

Not to get over excited - as not all notes coming due will default - some investors will be successful in refinancing. Others will find buyers and avoid default, and still others will work with lenders on short sales. And certainly, there will be investors who will buy foreclosed and bank-owned properties that lenders put back on the market at bargain prices.

PriceWaterhouseCoopers also projects commercial property foreclosures to accelerate across the nation. To build up their loss reserves, financial institutions delayed "dropping the hammer" on distressed borrowers. Now, due to government bailouts, they are ready to take action.

Due to higher vacancies and falling rents, the nation's commercial property values are starting to reflect deteriorating financial performance in some areas of the country. Problems with maturing debt, specifically again, the inability to secure financing, will cause a surge in defaults by some investors.

As a result, loan defaults will continue and in some cases increase at a dizzying pace this year. We can also expect the number of bank-owned and short sale opportunities to be abundant throughout the next 2 years. Although this is an unfortunate situation for the distressed owners who are being forced to dispose of these properties, or have lost them in a short sale or foreclosure, it will bring a tidal wave of opportunities for investors who will play a major role in this correction.

These Well-financed and well funded investors are going to be snapping up these bargain-priced, bank-owned, and commercial short sale opportunities. The way we see it, property prices will likely continue to decline through 2010 even as sales of buildings increase. This is in large part due to the # of distressed properties being sold at depressed values, and the new and more conservative commercial underwriting guidelines that lenders are now using to value these commercial assets.

The Good news is that this may be the best time since the Great Depression for the savvy commercial investor to take advantage of the current conditions. And we all know, more millionaires were made during the Great Depression than any other time in our nation's history, and they did this with commercial Real Estate! And as Commercial Real Estate investors focusing on the Self Storage Sector, this is music to our ears!

The road to recovery begins now! Are you ready to take advantage?



Tag:-market analysis real estat, how to find real estate investors, real estate forecasts, market research real estate, real estate growth, real estate technology, real estate market trends,leading economic indicators

Residential Real Estate Forecasters Wanted!

It is heartening that much of the business press is coming around to my position that the residential real estate market is poised for a rebound.

But not everyone agrees with me. Consider this from reader CS, who responded to my column arguing that now is a good time to buy by writing:

"This article or versions of it appear all over in mainstream media and should be called what they are: real estate industry advertising. Housing prices have a ways to fall before they are in line with incomes, especially since so many people are losing their jobs or fear they will. It isn't any more a 'great time to buy a home' now than it was when the industry's 'buy now' campaign started in about 2006 or so. It's shameful that the media repeats it as if it were 'news' or even credible opinion."

So who is right? Folks like CS -- who make a credible case that any economic recovery is fragile at best, and so we shouldn't expect to see a jump in housing prices soon? Or people like me -- who think that real estate prices are heading higher?

Go to the Original Sources
Well, I guess you could read a bunch of articles that make arguments for and against a housing recovery and then try to determine who made the most credible case. However, as CS states, that would subject you to persuasion by "the mainstream media" and having your opinion swayed by who yells the loudest, or who can come up with the most clips, isn't particularly satisfying.

At the risk of getting myself drummed out of the Real Estate Prognosticators Union, let me offer an alternative. Create your own conclusions by consulting the exact same sources the experts use in forming their opinion. (For those that still might think my suggested resources are biased, feel free to find some others and publish them in the comments section for others.)

For starters, you might want to turn to the Case-Shiller National Home Price Indices. These are indexes of average single-family home re-sale prices, one for 10 major markets and the other for 20 representative major markets nationwide. (Full disclosure: This information is part of Standard & Poor's, which, like BusinessWeek.com is owned by The McGraw Hill Companies.)

Both of these indexes started in the year 2000, with a base measurable at that time of 100. Prices in both indexes peaked in June 2008, with the 10 markets near 226 and the 20 around 206. The recent July report listed the May 2009 averages at 151 and just under 140 respectively, up slightly off their all-time lows.

In addition to giving you the average prices for the 10 or 20 markets that make up the index, Case-Schiller gives you data on the individual markets themselves. That can be telling, if you believe as I do, that housing trends start in the West.

Where to Dig Deeper
Another data base is the National Association of Realtors' http://www.growth-maps.com. There is some tremendous information-both historical and current-that can help you figure what is going on in real estate prices as well as tools that can help you forecast trends.

Particularly helpful is the Existing Homes Sales section within the site, which provides summary data not only year by year, but also month by month, so that you can track what is happening with the sales of home that have already been built. The link also gives you inventory levels on existing homes and breaks the data down by region.

Once you are on the site, dig a little deeper, and click on the Pending Home Sales Index Overview, considered by many-including me-to be a credible leading indicator because it measures signed real estate contracts.

Much like the Case-Shiller site, the NAR site provides explanations supporting its data-gathering methodologies.

Finally, head over to the U.S. Bureau of Labor Statistics as well as the http://www.mbaa.org/researchandforecasts research and forecast Web site, which provide a gold mine of data. You'll find (among other things) historical and current national and state unemployment rates, the consumer price index, producer price index, employment cost index, and many more factors that influence housing prices.

There, the secret is out. Armed with the data, you can download to them to Excel and manipulate to your heart's content.



Tag:-market analysis real estat, how to find real estate investors, real estate forecasts, market research real estate, real estate growth, real estate technology, real estate market trends,leading economic indicators

The 2016 Real Estate Forecast for Los Angeles

f you want to find a basket to live in, you'll likely have more luck than finding a house in Los Angeles that meets your price. Prices in LA are skyrocketing - and are doomed to do so for the near future with relief nary in sight. Sure, if you're a millionaire and want to invest, you're in luck. Residential houses and commercial property are popping up all the time. But if you have a history of low credit rating, bankruptcy, or foreclosures and are looking to borrow conventional loans, you're in trouble. Price tags are spinning out of control and few can afford them. Even traditionally cheaper locations in LA, such as San Fernando Valley, see rents climbing to record highs with prices in the Vally, for instance, witnessing a 7.4 percent increase!

As regards real estate prices in Los Angeles for the coming year: The most recent market report by Marcus & Millichap says that this year's asking rents citywide were up 7.8 percent to an average of $1,873 per month and the company reports that 2016 will be no better with rents climbing to 4.8 percent overall.

And if you want to know how much median homes in Los Angeles cost? Here's the shocker: The price of an LA single-family house has jumped 5.2 percent this year in contrast to median incomes that hover around 2.9 percent. Marcus & Millichap half-jokingly state that Los Angeles seems to want its residents to rent homes rather than own them. So it seems! Few Los Angelesians are going to own their own homes giving these gloomy statistics.

Unsurprisingly, apartments are the new market for real estate agents prowling the streets of Los Angeles. Real estate firm Douglas Elliman's latest market reports show that apartment vacancy rates have fallen to 2.7 percent, even in hot development neighborhoods like Downtown LA, while more than 5,200 new rentals have come online in LA, and 2,700 of those were in the Downtown district. There are now more than 15,000 units under construction through 2017 and Marcus & Millichap say that every section of town will receive more than 1,000 units in 2016.

Here's a breakdown of Los Angeles area by area so you can see how the real estate field lies.

1. San Fernando Valley

Rents are up an average of 7.4 percent.

Average asking rent price in the Northeast Valley is up 15.1 percent, coming in at $1,438 per month. Other areas in the Valley experienced smaller increases in average rents: the Burbank/Glendale/Pasadena area saw a 6.8 percent increase, to $2,016 per month, and the Sherman Oaks/North Hollywood/Encino markets experienced a 9.5 percent increase to $1,503 per month.

In the last 12 months, only about 980 new rental units were added to Valley's stock, down from 2,250 the year before. 2016 should see an increase in new apartments though, as 3,100 are expected to be added to the market next year.
2. Central Los Angeles (Downtown, Hollywood, Mid-Wilshire

Rents in Central LA were up 6.2 percent on average over the past year

Downtown rents were up only 5.3 percent to an average of $2,158 per month. 2,800 new rental units were built in Central LA during the last year

Vacancy rates in Downtown came in at 3.7 percent compared to Hollywood's 2.6 percent. As a result Downtown offered concessions on more than 10 percent of units to entice renters to sign a lease.
3. Westside Los Angeles

Rents were up 6.8 percent in the last quarter averaging $2,750 per month.
Average rents in Santa Monica/Marina Del Rey climbed above $3,000 for the first time ever, up 6.0 percent to hit $3,132 per month.

Only 460 new apartments were built on the Westside during the past year, with nearly half of those being built in and around Santa Monica

2016 will see the completion of more than 1,000 new rental units in the area, with more than 700 of them built in Santa Monica and Marina Del Rey.
4. South Bay of Los Angeles

Rents along LA's southern coast increased to 8.8 percent.

Beach rents increased 8.7 percent to an average of $1,620 per month.

950 new units were added to the rental market during the past year

More than 820 of those rentals qualified as affordable housing.
The bottom line is this...

The Los Angeles housing market is hitting record levels of craziness with ever-rising housing - and rental - prices discouraging people from buying. The number of sales stays flat as prices rise. This doesn't mean that agents have a rough time and are doomed to poverty. On the contrary, if you are a real estate agent in LA, you may want on focus on apartments and on rentals since these seem to be in demand.

Sellers, also, have a booming-for-sale market where everything is busting record high from condos and single-family houses to sales closed. Otherwise, you may want to focus on persuading people to live in baskets...


Tag:-market analysis real estat, how to find real estate investors, real estate forecasts, market research real estate, real estate growth, real estate technology, real estate market trends,leading economic indicators