Flip this shack: Eagle Rock and other 潮人 areas. Flipper activity reaching a fever pitch in certain Los Angeles neighborhoods.
Flipping activity is getting so out of hand that you can practically 看到 which properties are going 至 end up as flips right when they hit the market. Some of the hottest neighborhoods in Los Angeles are those that attract the 潮人 crowd。我们的特色是脚蹼 银湖和today we will feature a home that just hit the market in Eagle Rock, another bastion for flippers and 潮人s alike. The rush 至 flip is bringing back some fond memories. What is making this market even more dramatic is the drastically low inventory and the renewed belief that housing prices only go up. In fact in a recent survey, missing out on future home gains is the 至p concern, not our ridiculously high 债务, or 负债累累的青年, or even an older generation that will cause a rise in healthcare expenses. No sir! The real concern is about missing out on those juicy gains on 潮人 neighborhoods! Today we’ll pick out a home that is still for sale in Eagle Rock but you can rest assured that it will go under as a flip shortly.
以上告诉我们什么？房源大幅下降，销售额大幅增长，价格飞涨。您会注意到，Eagle Rock名列第四。挂牌量下降了54％，销售额上升了44％，价格上升了11％。上图突出显示了2012年的趋势。 库存减少 is more exaggerated in California but nationwide we 看到 a similar pattern:
那 is a massive unprecedented decline in inventory. Why is this occurring? First, you have the expectation now that home prices will only go up:
接下来，您有银行继续泄漏 不良库存. We’ve also highlighted that the more expensive the neighborhood, the more likely you can buy time with your home in the foreclosure pipeline. 那 is the current backdrop of our housing market. So let us examine Eagle Rock much more deeply since this area 看到ms 至 be a magnet for the 潮人 aficionados.
4924 Wiota St，鹰岩，CA 90041
Or would you rather 看到 it in the front?
The two main reasons this home is a prime candidate for a flip is that it is in a flipper neighborhood and the current listing price is $329,900. Given the current market, it is easy 至 看到 that this home will sell for higher than this. Add a little bookmark for this home and check back in the middle of the year and you can rest assured that it will be back on the market and the sale price will not be $329,900.
It’ll be interesting 至 看到 who buys this home. My bet is that it will go 至 an all cash investor and flipper. This home has 潮人 rescue written all over it. Now how wealthy is this neighborhood? Scouring through tax data we find the average adjusted gross income 至 be $53,647 for this zip code. However like many of these flipper neighborhoods, the 潮人s are taking over pushing prices up and leveraging up on flips with delicious low down 抵押贷款 courtesy of the Fed.
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