Homebuyers across the country are watching the economy closely, and in high-value markets like Los Angeles and Beverly Hills, that scrutiny is even greater. A luxury purchase in the Platinum Triangle—Beverly Hills, Holmby Hills, Bel Air—is not just a financial decision; it's a lifestyle decision. And naturally, the recession chatter circulating in the media has caused some would-be buyers to pause.

Recent surveys show that almost 2 in 3 Americans believe a recession is on the horizon, and 74% say it’s influencing their financial choices. But here’s what’s surprising—and encouraging:

Experts don’t share that level of concern.

Most Americans Expect a Recession, But Most Experts Don’t

A recent Wall Street Journal economist survey showed that only 1 in 3 experts think we may see a recession within the next 12 months. That’s a stark contrast to consumer sentiment (see graphic above).

And it matters, because economists base their forecasts on hard data—employment trends, consumer spending, corporate earnings—things that paint a more stable picture than headlines.

We’re not in a recession today. And there is no indication that one is imminent.

What we do have is uncertainty. And uncertainty is something buyers in Los Angeles navigate often—whether it’s market cycles, global events influencing foreign buyers, or local policy changes. The key is to rely on facts over fear, especially in a high-stakes market like L.A.

What This Means for Buyers in Los Angeles & Beverly Hills

Los Angeles is not a typical housing market. Even during national slowdowns, areas like Beverly Hills, Bel Air, and Holmby Hills tend to behave differently:

1. Historically, Luxury Markets Are More Insulated

High-net-worth buyers are less sensitive to short-term economic shifts. Inventory levels in Beverly Hills or the Hollywood Hills remain tight, and unique properties continue to trade regardless of national economic sentiment.

2. International Demand Helps Stabilize Prices

L.A.’s global appeal means that even if domestic buyers pause temporarily, international buyers—from Asia, the Middle East, and Europe—often step in.

3. Lifestyle Still Drives Most Moves

In L.A., life events drive transactions far more than economic noise:

• Upsizing for more space in the hills

• Downsizing into Beverly Hills Flats for easier living

• Moving closer to work, schools, or the studios

• Transitioning to gated communities like Bel Air Crest

Lifestyle motivations rarely wait for perfect economic timing.

Tips for Buying a Home During Economic Uncertainty

Danielle Hale, Chief Economist at Realtor.com, reminds buyers that personal needs outweigh temporary uncertainty:

“Well-prepared buyers … are likely motivated by personal and lifestyle needs… these considerations can outweigh short-term economic uncertainties.”

That’s even more true in Los Angeles, where real estate is deeply tied to lifestyle, status, security, and personal preference.

If you're considering a purchase in Beverly Hills or greater L.A., keep these expert-backed strategies in mind:

✔️ 1. Protect Your Budget

Stay disciplined.
Luxury areas come with high insurance, tax assessments, and maintenance costs. Build room in your budget for rising premiums, especially in hillside or fire-zone areas like Beverly Hills Post Office and the Hollywood Hills.

✔️ 2. Use Today’s Negotiating Power

Inventory is higher than last year in many L.A. submarkets, giving prepared buyers more leverage:

• closing cost credits

• rate buydowns

• inspection repairs

• price adjustments

Homes that sat in 2024–2025 are finally meeting the market.

✔️ 3. Maximize Your Mortgage Strategy

Even luxury buyers who finance are shopping smarter:

• Ask about rate buydowns

• Consider adjustable-rate options if you expect lower rates later

• Explore lender incentives on new construction in areas like Westwood, Century City, and Wilshire Corridor

✔️ 4. Sell Before You Buy (If Applicable)

Because L.A. real estate moves quickly when priced correctly, selling first can reduce stress and clarify your purchasing power—especially in competitive areas like Beverly Hills Flats and Brentwood Park.

Why Having the Right Local Agent Matters More Than Ever

As Bankrate notes:

“Buying a home during a recession can sometimes be a good idea — but only for people who are financially stable… Be sure to enlist the help of an experienced local real estate agent.”

In Los Angeles, where every neighborhood operates like its own micro-market, experience is everything:

• Beverly Hills behaves differently than Bel Air

• Brentwood Park is different from the Hollywood Hills

• Sunset Strip is different from Holmby Hills

• Studio buyers move differently than Westside luxury buyers

Navigating these nuances is essential—especially in shifting markets.

Bottom Line

Most Americans think a recession is coming.
But most experts—and the economic data—say otherwise.

If your finances are solid, your job is stable, and your real-life needs are driving your move, you don’t need to pause your L.A. or Beverly Hills home search.

The market is offering rare opportunities right now—and the buyers who act strategically will benefit the most.

Thinking of making a move in Los Angeles or Beverly Hills?
Let’s talk it through and look at the facts together.

Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" or click "HERE" to estimate your home value