Last month, we talked about the calm before the storm. Well, we wouldn’t ring the alarms just yet, but November gave us a bit more drama than October with some decent rises and falls across the Greater Los Angeles area. It’s a surprising amount of absorption rate activity for a time when the market is […]
Harout Keuroghlian
The Housing Market is NOT Going to Crash – Here Are 9 Reasons Why
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 […]
JohnHart’s Skills for Exponential Growth in Real Estate: Skill #10 – Daily Reading
Now that we understand that the storyteller is the most powerful person in the world, how can we use some of that same juice to expand our minds? By feeding stories (or information) to ourselves through daily reading. Whether you’re reading fiction or non-fiction, eBooks or physical media, newspapers or blogs, regular reading is a […]
Absorption Rate Analysis – October 2023: The Calm Before the Storm?
While the real estate industry is still reeling from a federal jury’s decision to rule against the National Association of Realtors, October’s absorption rates may be feeling like the calm before the storm. There may be candy wrappers blowing gently off the streets on November 1. But October brought no tricks or treats to the […]
Absorption Rate Analysis – September 2023: Things Look Up for Buyers as Absorption Rates Sink Down
Temperatures in SoCal may be about to rise again, but September was, appropriately enough, all about the fall. And we’re not talking about changing seasons. With the exception of two of our neighborhoods, all areas dropped closer to a buyer’s market this month or simply treaded water. And of the two that moved further into […]
JohnHart’s 12 Skills for Exponential Growth in Real Estate: Skill #9 – Storytelling
Don’t see how storytelling relates to real estate? In what has widely been decried as one of the worst endings in television history, Game of Thrones explained away its conflicts when a main character resolutely proclaimed: “What unites people? Armies? Gold? Flags? Stories. There’s nothing in the world more powerful than a good story. Nothing […]
Absorption Rate Analysis August 2023: A Low Drama Month to Follow a High Drama Year
After a few months of drama, it seems the summer’s absorption rates are going into the fall with a whimper instead of a bang. No record highs for any neighborhoods. No lows either. Compared to previous months, the shifts in position were modest with the exception of one desert community. Can you guess which one? […]
Absorption Rate Analysis: July 2023 is Dropping It Like It’s Hot… Because It Is
Leave it to the hottest month on record to deliver a breath of fresh air to Southern California homebuyers. While it’s not exactly unanimous, 10 of the 12 neighborhoods we monitor dropped closer to a buyer’s favor. And we’re not talking about minor drops in most cases. One neighborhood even sank a surprising 18 percentage […]
Absorption Rate Analysis: June 2023 Sees 5 Record Highs
While June’s absorption rate statistics favored surges further into the seller’s market (no shock there), we saw a bit more balance than May’s brutal surge-fest. For one, June’s most aggressive climb was nine percentage points; a far cry from the vicious 15% lunge we saw in Upland in May. Also, while we only witnessed two […]
JohnHart’s 12 Skills for Exponential Growth in Real Estate – Skill #8: Leadership Development
It’s easy to relax into the idea that our CEO, founder, and principal broker, Harout Keuroghlian, is the leader here at JohnHart Real Estate. While that’s true, it’s also an oversimplification. That’s because, by the very tenets of our company, Harout encourages leadership development in all roles and at all levels within our company. JohnHart […]