"Scarce supply of inventory and low interest rates have created an extremely active and competitive real estate market in Los Angeles.
Now that the LA market is rebounding and prices are on the rise, people are scooping up available, well-priced inventory fast. As a result, there is a scarce supply here in Los Angeles, which makes for a competitive market full of motivated buyers.
An additional motivator is the continuance of low interest rates. For quite some time we have been hearing about how interest rates are at record lows and that it’s a prudent time to be decisive and lock in these low rates before they go up.
This combination of factors: limited inventory, low interest rates and the rising prices in LA makes for an extremely active market in which motivated buyers must act fast to secure the properties and rates they desire."