Tuesday, May 13, 2025 / by Vic Markarian
Home Buying FAQs in Los Angeles County
1. Is now a good time to buy a home in Los Angeles County?
Yes, and here’s why: While mortgage rates have been higher recently, home prices continue to rise gradually, which means waiting could cost you more in equity lost. Buying now can lock in your housing cost, and give you a chance to refinance later if rates drop.
2. How much do I need for a down payment in LA County?
For most conventional loans, expect to put down 5% to 20%. However, many first-time buyers in California qualify for down payment assistance programs that allow you to buy with as little as 3% down.
3. What’s the average home price in Los Angeles County right now?
As of 2025, the median home price in LA County is around $850,000, but prices vary widely by neighborhood. Areas like Glendale, Burbank, and Pasadena may be higher, while Lancaster and Palmdale offer more affordable options.
4. How long does it take to buy a home from start to finish?
Typically ...
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Sunday, May 11, 2025 / by Vic Markarian
Granada Hills, CA – Homebuyers in 2025 Could Build Substantial Equity by Acting Early, Says Vic Markarian of Markarian Realty Group
Granada Hills, CA – The Markarian Realty Group, led by trusted local expert Vic Markarian, has released a timely market outlook encouraging prospective homebuyers to act early in 2025 to take full advantage of projected equity growth.
According to the latest Home Price Expectations Survey, which gathers insights from over 100 leading housing analysts, home prices are expected to appreciate steadily at 3–4% annually through at least 2029. This consistent growth trajectory offers a strong opportunity for buyers ready to enter the market now—especially those looking to build wealth through long-term homeownership.
“Many buyers are fixated on mortgage rates—but they’re missing the bigger wealth-building picture,” says Vic Markarian, a seasoned real estate agent in Granada Hills, CA. “Even modest pric ...
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Thursday, May 8, 2025 / by Vic Markarian
With mortgage rates, home prices, and inventory all shifting this year, you might be wondering: “Is now a good time to buy or sell?”
The good news? Top housing experts are sharing updated forecasts — and they offer more clarity (and optimism) than you might expect.
As Business Insider recently put it:
“As mortgage rates go down this year, affordability may improve slightly for homebuyers. Inventory is also expected to grow, which should help moderate price growth and make finding a home easier.”
Here’s a breakdown of the 3 key trends experts are watching:
1. Mortgage Rates Are Projected To Ease Slightly
While we’re not heading back to 3% rates anytime soon, forecasters do expect a modest drop by the end of 2025.
2. Inventory Is Expected To Keep Climbing
More sellers are returning to the market. Why? Many are done waiting for interest rates to drop — and they’re moving forward with their plans.
As ResiClub Co-founder ...
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Thursday, May 8, 2025 / by Vic Markarian
Ever notice how some homes sell in days… while others sit on the market for weeks?
You’re not imagining it. The housing market is still adjusting — and that means the selling timeline varies more than it used to.
Let’s break down what’s really happening, and what you can do to make sure your home moves fast.
Homes Are Taking a Bit Longer To Sell
Yes, homes are still selling. But they’re not flying off the market the way they did during the pandemic boom.
According to Realtor.com, the median days on market in April 2025 was 50 days — longer than the past few years, but still faster than pre-pandemic levels.
So don’t panic if your home doesn’t go under contract in a week. Today’s pace is actually more normal — and gives sellers a bit more time to find their next home.
Why Some Homes Sell Quicker Than Others
Here’s what separates fast-selling homes from ones that linger:
1. It’s Priced Right
O ...
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Thursday, May 1, 2025 / by Vic Markarian
Talks of a potential recession are making headlines again—and naturally, buyers and homeowners are asking: “Will my home lose value?” “Will mortgage rates spike again?”
Let’s break down what typically happens in the housing market when the economy slows down—and why you may not need to panic.
A Recession Doesn’t Always Equal Falling Prices
Many people assume a recession means home prices will drop, like they did in 2008. But that downturn was unique—and driven by overbuilding, loose lending, and a foreclosure crisis.
In fact, home prices have actually increased in 4 of the last 6 recessions.
As you can see, only 1991 and 2008 saw declines, and 2008 was the real outlier at nearly -20%. Today’s market is very different—inventory is still tight, especially in Los Angeles County. Demand continues to outpace supply, and that’s keeping prices stable or rising in most markets.
So, if you're worried about a cra ...
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