There was an interesting article in today’s paper about the residential real estate market in Southern California. According to the Los Angeles Times the number of sales and the prices gained from a year to year basis in comparing July 2014 to July 2015. What I found interesting about the article is that it claimed that number of investors are decreasing – meaning that the number of people buying property to develop or hold not as a primary residence appears to be declining. This may be true because as prices rise it becomes increasingly difficult for an investor to turn a profit on real estate. The article also noted that the number of all cash sales seemed to be on the decline.
Our real estate attorneys are active in monitoring the real estate market in Southern California because it necessarily relates to the disputes we are handling. In fact, many of our disputes involve “equity battles” where co-owners are disputing over ownership rights, the time to sell property and existing liens on property.
To inquire about a free consultation with one of our Southern California based real estate attorneys contact us today at (310) 954-1877, email@example.com or by filling out the contact us box on this page.