Much like last year, the local real estate market continues to be lucrative for sellers and challenging for buyers. However, low inventory coupled with rising interest rates and inflation this year have created an even more competitive market for buyers, who have found themselves in intense bidding wars and acting quickly to lock in low fixed rates. The effects of the pandemic have also remained prevalent in the industry and continue to influence homeownership decisions, as many people are now working from home permanently or on a hybrid schedule and are seeking residences with ample spaces for work and family life. While the real estate industry has largely adapted to the immense changes brought about by the pandemic and the inflationary economy, the unpredictability of the market can still cause worries for buyers and sellers.
Fortunately, Toluca Lake residents have access to a wide selection of expert real estate professionals who can put your concerns to rest and guide you through the process of buying or selling property. In our resource guide, we’ve turned to top local agents to answer the most pressing questions about the market and the services they offer. Read on for their unique insights, plus tips for seasoned and aspiring homeowners and property investors.