Every home improvement show on TV will tell you how easy it is to improve your home on a budget. As you flip through the channels on the weekend, you will see countless DIY home improvement projects that will inspire you to break out the hammer and revitalize your space. But BEWARE – While not […]
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 […]
You may not be willing to pony up $75 million for a luxury condo, but the Four Seasons is betting somebody will. That’s the cost of the penthouse crowning their 12-story private residences complex on the border of Beverly Hills. It should come as no surprise that $75 million is well over the record sale […]
Last week, we discussed our latest absorption rate statistics and how they are indicative of a seller’s market. Likely, some of you asked yourself, “What is a seller’s market?” And by comparison, you may have also wondered what defines a buyer’s market. Recognizing the difference can be key in planning your buying or selling strategy. […]
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 […]
