Whit Prouty's (whitprouty) Blog

The most amazing thing about the following prognostications regarding the Los Angeles Real Estate Market in 2018 is that economics 101 is driving every single one of them. Here’s the list. The detailed explanations follow.      Prices of all homes in all price categories in all neighborhoods will...

 Real Estate Is Changing as Transportation ChangesDriving the freeways or the city streets of most of Los Angeles, you might not have noticed any effects of the transportation revolution happening all around you. The summer traffic made a mess of things as usual, and back to school has clogged th...

Folks Want to Live in Los Angeles. Who Could Blame Them? Absolutely No Evidence of Bubble in LA Real Estate Market There a plenty of pundits trying to get credit for calling the next pop of the real estate bubble. While forces far beyond reason can and do create serious shifts in any market, ever...

 If you are making $40,000 a year, you can just barely afford a one-bedroom apartment in the San Fernando Valley. No, we are not only talking about Encino. One bedroom apartments start at $1200 a month, and those are almost impossible to find. Studio for $1200. Sure. If you find one in a neighbor...

Don’t believe the scare headlines. The proposed change in the mortgage interest deduction from a cap of $1,000,000 to $500,000 for new loans will have almost no impact on prices of homes in the Los Angeles area. It is true that California will be impacted more than almost any other area in the US...