In just a few very short years, Artificial Intelligence (AI) has infiltrated virtually every sector of business across the world. Real estate is not exempt. However, real estate agents concerned about being replaced by an AI agent shouldn’t be losing any sleep. If anything, the growing use of AI in real estate will make their […]
It seems that in the Greater Los Angeles area’s absorption rate stats, what goes down must come up. January’s month of down-the-line decreases in absorption rates were countered in February with increases across the board. We had a similar surge in every neighborhood in March 2023. So, while it’s rare, it happens. And it was […]
We’ve never seen a month like January 2025 in the history of publishing our absorption rates. And with so many monumental factors at play, it’s tough to pin these results on one thing. New presidential administration? Citywide fires? The Grind to Greatness Realtor Race? In short, we expected a drop in absorption rates in January. […]
Featured image credit: Paramount Pictures Before Mariah Carey wrapped her mittened hands around the holiday music charts, December was the season of Bing. Legendary actor and crooner Bing Crosby recognized the value of a well-timed Christmas tune… or ten. When the holidays rolled around, so did Crosby’s latest carol… or maybe a golden oldie. It […]
It almost seems insulting at this point to call 2024 a challenging year for the real estate industry. With all of the obstacles real estate professionals needed to worry about outside of their transactions, waking up each morning and grinding onward felt more like trying to administer aid on an active battlefield. We got into […]
You’ve already met our Agent of the Year. Now it’s time for you to select our Person of the Year for 2024! Just a reminder, the JohnHart Person of the Year is not Agent of the Year Part 2. It’s a distinct honor unto itself, highlighting the professional who best exemplified JohnHart’s principles. These nominees […]
A December surge toward the seller’s favor is a holiday tradition in its own right when it comes to our monthly absorption rate analysis. It’s just how the “off-season” works in real estate. A lower volume of homes hitting the market typically tips the scales in the sellers’ favor. In December 2022, only one of […]
It’s still one of the hottest questions in the real estate industry: when will we see interest rates dropping again? Short answer: probably on December 18. The Federal Reserve will be gathering for the Federal Open Market Committee meeting and I am confident that they will announce a modest policy rate reduction to close out […]
After October’s near-unanimous surge deeper into the seller’s good graces, it’s no surprise that November offered more divisive absorption rates as neighborhoods evened out. Sure, four neighborhoods started a streak of two consecutive months marching further into seller territory. But we saw seven communities rise higher in the seller’s favor and five drop closer to […]
In the realm of real estate absorption rates, it seems that what goes down must come up. At least in the competitive housing market of the Greater Los Angeles area. As we head deeper into the autumn, the sun that shined so brightly on prospective home buyers is slipping behind the clouds, returning favor to […]
