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 […]
In our line of service, we meet people every day chasing their dreams of homeownership. And often, those dreams aren’t very exacting. A surprising amount of people are in the market for four walls and a roof… anything else is icing on the cake. And there’s nothing wrong with that! But Glendale’s historic Harris House, […]
We want to make it abundantly clear. JohnHart Real Estate is a hard “no” on California rent control measure Proposition 33. If you missed our CEO and principal broker’s powerful message on this decision, allow this blog to elaborate on why we so passionately oppose this deceptive measure. California Rent Control as It Currently Stands […]
With rates finally dropping and relief setting in for clients and real estate professionals alike, it’s easy to momentarily forget the challenges this industry has endured in the last year. But we dedicate our 3rd quarter results to these 25 real estate agents and teams who pushed through the resistance without any reprieve in sight. […]
This is the single most impressive absorption rate analysis we’ve published since we first started sharing our numbers in August 2022. Perhaps it was the market anticipating the federal interest rate drop. We’re finally below 5%! Or perhaps things really are just starting to swing in the buyer’s favor. Whatever the case, the dropping absorption […]
Featured image credit: Dave Proffer We’ve all heard horror stories of homeownership woe. A flooding upstairs bathroom crashing down into a home’s lower level. The spark of electrical wiring burning down a dream. Unseen black mold contaminating everything it touches. But you’ve heard of nothing quite like what’s happening right now in the coastal community […]
It’s been a tough time for real estate professionals. The industry is just beginning to adjust to the NAR ruling that left real estate in upheaval, completely changing the way professionals addressed representation for their clients. But the wake of that ruling could be a cakewalk compared to what’s on the horizon. Earlier this year, […]
August 2024 was a great month for home buyers according to our absorption rate stats. While it wasn’t one of those months with a near-unanimous pull toward the buyer’s favor, the surges were (mostly) modest. And the drops tended to be much more significant, plunging certain communities into absorption rate depths we haven’t seen in […]
Featured image credit: Warner Brothers We like to dispel the myth that Los Angeles real estate is scary. But in this case, we might have to eat our words. The house from the classic 1982 horror film Poltergeist hit the market just a few weeks ago. And it’s already found its buyer. The single-family home […]
We try to refrain from discussing politics on the JohnHart Real Estate blog, but in an election year, it’s almost unavoidable. But we think it’s pretty clear which side we’re supporting anyway. After all, Jon Barrist is one of our highly talented and insightful Palm Springs agents. We’re of course talking about the recent election […]
