If the end of 2022 is anything to go by, it’s certainly a happy new year for those selling houses in Los Angeles. The absorption rates for each of our neighborhoods surged deeper into a sellers market in December with the exception of one. Some of those surges were negligible. But one neighborhood made the […]
November’s Absorption Rates artfully illustrate the night-and-day diversity of markets around the Greater Los Angeles area. Those who have been following this column will easily recall how October showed all (but one!) neighborhood drop toward a buyer’s market. And this was after watching several neighborhoods continuously edge further into the seller’s favor. But November kept […]
You only need to glance at our Absorption Rate Analysis chart for October to see it was a month that brought big changes. For as long as we’ve been officially tracking absorption rates, we’ve seen almost unanimous movement toward a seller’s market. But for the first time, we actually saw all areas except one drop […]
Sometimes it feels like there just aren’t enough hours in the day… or so I’m told. I honestly can’t relate. It’s not because I have a shortage of things to do. In fact, I have a fully scheduled “to do” list greeting me everyday. But I fall asleep each night content in the knowledge that […]
Has it already been a month since our last absorption rate roundup? September’s numbers are in and we’re seeing most neighborhoods trending upward with higher absorption rates than August. If we’re using the universally accepted 20% indicator of a healthy seller’s market, then every neighborhood but one is still a seller’s market. But as our […]
Numbers don’t lie. We wish we could say the same for headlines. In our quest for transparency, we’re going to be bringing you monthly updates on the health of the real estate market with our new series Absorption Rate Analysis. We hear a lot about “fewer homes hitting the market”, but this hasn’t been our […]
If you’ve been paying attention to the news you likely saw the U.S. dollar surpassed the euro recently. The shift happened on Wednesday, July 20th to be exact. But I wouldn’t go popping the champagne just yet. You might be asking “How can the strengthening of our nation’s currency be anything but good?” Yet, there’s […]
There’s an absurd amount of propaganda about the housing market in the news these days. And it’s not just our clients who are absorbing it. Realtors are coming to me in a panic over clickbait-style headlines from respected journalists. I was watching a video the other day in which a journalist stated we could see […]
In recent weeks, I’ve felt myself moved to champion the cause of returning to the office. Sure, this decision isn’t right for everyone. But I also believe it’s right for more people than are willing to admit it. And to those people I have a simple message: don’t get so comfortable that you regret it. […]
A lot of companies like to claim that anything less than 100% is unacceptable. But consider what this really means for a moment. It means absolutely no mistakes. Sounds like a pretty tall order, right? But now let’s examine this through the lens of the real estate industry. In real estate, one mistake can cost […]
