L.A. real estate news and insights.
Tomorrow the Federal Reserve will announce if they will or will not raise short-term rates. My prediction is that we will see them raise rates another 25 bases point: that’s a fancy way of saying .25 of 1%.
How do I know?
I have been tracking a market indicator called the Fed Funds Futures. That indicator shows what investors are betting on. It currently shows a 98% probability that we will see a 25 bases point raise... so I'm going with that.
Do you think they will raise the rates tomorrow?
This is the smallest home for sale in Echo Park.
Asking price: $799,000
This home has 1 bed/2 bath, 546 sq. ft. of living space, and is on a 1,625 sq. ft. lot.
This newly reimagined bungalow features, vaulted ceilings, an open concept floor plan, stainless steel appliances in the kitchen, and a large background deck.
Text me for more info at 818-445-7953.
Here is the cheapest home sold this week in Sunland.
Asking price: $785,000
Selling price: $830,000
This home has 2 bed/2 bath, 1,084 sq. ft. of living space, and is on a 9,316 sq. ft. lot.
The property includes the 8,495 sq. ft. lot next door. It has its own parcel number.
