Find out everything you need to know about your future agent.
California housing market: Everything you need to know HOUSING MARKET Advertiser Disclosure SHARE: Share this article on Facebook Share this article on Twitter Share this article on LinkedIn Share this article via email ON THIS PAGE California housing market Trends and stats Should you buy or sell? Local housing market predictions Find an agent FAQ ...
At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...
Surging mortgage rates pushed home buyers out of the market and sent volume for new applications plummeting to a 28-year-low in the week ending Feb. 24, the Mortgage Bankers Association (MBA) reported Wednesday. Mortgage rates climbed to 6.71%, up 0.5 percentage points in just one month, prompting a 6% decline in applications week-over-week and a 74% decline compared to the year prior, the M...
In August, Chatsworth saw a bustling real estate market with 17 homes sold at an average price of $972,000, and they spent just 17 days on the market. 🏡💰 #ChatsworthRealEstate #HousingMarketTrends
Rent control in Los Angeles is confusing people; especially with an ongoing state of emergency gripping the city. We witnessed this first hand when we attended the Los Angeles Housing Department’s (LAHD) Wednesday, August 24th webinar. The meeting was primarily packed with landlords as baffled as they were angry. Despite his succinct responses, host Agassi Topchian, a member of the Rent S...
It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward solv...
KEY POINTS Existing home sales dropped to the slowest pace since October 2010. There were 1.13 million homes for sale at the end of September, down more than 8% from a year ago. Adding to higher mortgage rates, the median price of a home sold in September was $394,300, up 2.8% year over year. WATCH NOW VIDEO01:18 September home sales drop to the lowest level since the G...
Deep-pocketed home buyers who are paying cash to avoid rising mortgage rates are propping up the housing market, as high rates keep many borrowers on the sidelines. Prices, sales and inventory of luxury homes—defined as the top 5% of the market—are all outpacing the overall housing market, a shift from late 2021 when wealthy buyers began tapping the brakes, according t...
Have you seen the news? Wall-to-wall headlines about the big housing market crash headed your way. You’d think it was a confirmed fact! As the CEO and founder of my own real estate brokerage, and an expert who’s been successfully working in the real estate industry for decades, I have news for you. There will be no housing market crash. I realize that’s a bold...
BY ANDREW KHOURISTAFF WRITER NOV. 16, 2023 3 AM PT Facebook Twitter Show more sharing options Southern California home prices are nearing a record high at a time of sky-high mortgage rates, a double blow that’s hammering housing affordability across the region. In October, the average home price for the six-county region climbed 0.12% to $831...