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Los Angeles
Los Angeles is the second largest city in the US and one of the most thriving. As various industries are performing extremely well, more people are moving to this area, giving people a strong incentive to invest in Los Angeles real estate.
The California Association of Realtors reported a 13.3% decrease in home sales in LA between June 2015 and June 2016 due to the high prices. Property prices today are at their highest in years, meaning everyone is looking to rent. However,, most recent analysis on LA suggests that the city is entering a “cooling” period where prices may experience a small breather. If this is the case, then investing in Los Angeles real estate will become even more attractive.
Los Angeles is also seeing some new construction, especially for single family properties, where permits for construction have increased by 17.1%.
There’s currently a large disparity between lodging supply and demand, which means Airbnb investment properties in Los Angeles could be very profitable.