South Burlington, VT -- (SBWIRE) -- 08/29/2014 -- Real estate properties in Los Angeles will continue to rise in the next year, and Sunset Strip Realty urges home buyers to start looking for their houses in the area given this projection.
Real estate website Zillow recently came out with a report that Los Angeles renters need to pay more of their earnings to afford a home in the area than anywhere else in the United States. Even more worrisome for L.A.-based families and individuals is the report by the same website that predicts home prices in Los Angeles will rise by 5.7 percent next year, likely outgrowing the increase in most people’s earnings.
According to the website, a typical L.A.-based family would have to spend nearly 50% of its income to be able to rent a median-priced apartment. This may not worry people who earn more but this becomes a real issue to those who don’t belong to the high end of the income distribution like teachers and police officers, a ranking official of the website lamented.
Given the projected rise in the prices of houses in the LA area, Sunset Strip Realty urges individuals and families on the lookout for their own homes to start looking for real estate properties in the state. The company, which specializes in Hollywood Hills homes for lease as well as luxury homes for rent in Los Angeles, can assist prospective buyers of homes in Los Angeles.
Interested investors in Hollywood Hills homes for lease and luxury homes for rent in Los Angeles will find the Sunset Strip Realty website a good resource in finding their dream homes in Los Angeles.
About Sunset Strip Realty
Sunset Strip Realty specializes in the selling, purchasing, and leasing of high-end properties in the Los Angeles area. It can also help individuals who are interested in leasing short-term vacation rentals in L.A.
For more information please visit http://www.la-sunsetstriprealty.com