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 […]
In a rapidly transforming real estate landscape, there’s really only one rule you can count on with certainty: anything is possible. This group of agents turned unpredictability into an art form over our 3rd quarter. No one could think on their feet quite like them. Don’t take our word for it; their numbers prove it. […]
Featured image photo credit: Warner Bros. Pictures If you keep up with the film industry, you might feel like you’re in purgatory lately. That’s because behind-the-scenes gossip of Olivia Wilde’s latest directorial offering Don’t Worry Darling has dominated the headlines for months. With the film finally hitting theaters last weekend, you’d think the stories would […]
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 […]
Rent control in Los Angeles is confusing people; especially with an ongoing state of emergency gripping the city. We witnessed this first hand when we attended the Los Angeles Housing Department’s (LAHD) Wednesday, August 24th webinar. The meeting was primarily packed with landlords as baffled as they were angry. Despite his succinct responses, host Agassi […]
Rent control has long been the barrier tentatively protecting the Angeleno renter from unmanageable rent hikes. Virtually anyone who’s recently left the city will cite high rent as a factor in their move. The state as a whole benefits from California rent control guidelines. Certain pockets of the city even enjoy stricter Los Angeles rent […]
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 […]
We haven’t experienced a quarter like Q2 in a while. It was sort of the “mechanical bull” of quarters. Our agents held on through lots of bucking, diving, and even a few moments where it felt like they could hit the mat. But at least there was a mat! Next time, the bull won’t be […]
The Real Trends’ 2022 America’s Best rankings list was published earlier this week and it should come as no surprise that 22 of JohnHart’s best and brightest real estate agents were included. For those unfamiliar with the publication, Real Trends’ America’s Best rankings list compiles the country’s top performing real estate professionals. If an agent […]
Applications for mortgages to purchase homes plummeted 6.5% last week bringing us to 21% below the rates during the same period in 2021. We haven’t seen demand as low as it is now since 2000. That’s a 22-year low! What does this mean for you? Fair warning: at least 95% of this blog is going […]
