By now, 8 months into publicly releasing our absorption rate data, we’ve become pretty accustomed to the Greater Los Angeles area favoring the seller. But this is the first time we’ve seen every neighborhood we monitor move deeper into a seller’s market. So, if you’ve been thinking about selling your home, now might be a […]
Category: RE News
The Top 25 Agents of Q1 2023
We hear a lot of complaints about participation trophies, but we’ll be honest: any agent who has kept their heads above water during the first quarter of 2023 deserves your respect. It makes the accomplishments of our Top 25 of Q1 2023 even more astounding. There’s so much that goes into being an agent: you […]
Absorption Rate Analysis: February 2023 – New Places, Same Housing Market
Looking at February’s absorption rate analysis makes January’s look downright turbulent. Perhaps the market is approaching a state of normalcy. Admittedly, “normal” for the Los Angeles housing market would still give a mechanical bull a run for its money. But our agents have learned to ride those bucks and dips without spilling a drop of […]
Facebook and Instagram Announce Meta Verified
Mark Zuckerberg announced on his Facebook page earlier this week that Facebook and Instagram would be rolling out a ‘Meta Verified’ subscription service. The announcement went as follows: “Good morning and new product announcement: this week we’re starting to roll out Meta Verified — a subscription service that lets you verify your account with a […]
8 Reasons Why We Won’t See Home Prices Dropping Anytime Soon
If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, […]
2022 Award Ceremony Superlatives
The year 2022 has come to an end, but it’s never too late to celebrate. We’re excited to raise our glasses to your accomplishments. Before we do, let’s give credit where credit is do. Who best suits their category? Time to vote on this year’s superlatives! Winners will be announced in-person at the ceremony on […]
Absorption Rate Analysis: January 2023 – Is the Los Angeles Housing Market Making Big Shifts or Treading Water?
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 Encino and Northridge. That’s not to detract from decent bumps further into seller’s market territory in Burbank and Palmdale. But while these […]
Instagram’s Founders Create New App Called Artifact
The co-founders of Instagram have announced they will be launching a brand new app called Artifact. This distinctive app has no set release date but promises a personalized news feed. A promise we’ve heard before, but this time it will be powered by artificial intelligence. The Instagram founders, Kevin Systrom and Mike Krieger, let the […]
Are Expanded Renters Rights at the Federal Level the Right Direction?
Some are calling it the kind of relief one expects from a functioning first world government. Others are calling it an overreach that ignores the real solution. But no matter how you slice it, the Biden administration announced on Wednesday, January 25 its intention to establish a fledgling “renters bill of rights.” What does this […]
With an End to Eviction Protection Looming, LA City Council Votes on New Proposals
The city of Los Angeles continues its Covid-19 eviction protection saga this week. Yet, it will be Friday before the LA City Council’s vote reveals anything conclusive. For now, we can mull over a list of proposed regulations aimed at shielding tenants from repercussions for unpaid and underpaid rent. The proposals bring new hope for […]