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 […]
Is it better to rent out or list homes for sale in California? You’d be surprised how much this question comes up. There’s no denying that property is a solid investment. But when you’ve generated enough wealth to consider retiring your primary residence to an investment property, it’s time to make that crucial choice. Is […]
At first glance, July seemed like a rebound month for LA’s absorption rates (with a few outliers, of course). But what’s not obvious by simply looking at the statistics is that we sold more homes in nearly every market in July than we did in June. Summertime is often one of the hottest times for […]
As other brokerages continue to scale back in the face of industry changes, JohnHart Real Estate moves ahead in leaps and bounds. Perhaps that has never been more evident than in our latest acquisition. Finding opportunity in another brokerage’s loss, JohnHart’s newest addition to the family urged us to branch into the Monrovia housing market. […]
Is it hot enough out there for you? We’re not talking about summer heat. We’re talking about the kind of heat that could only come from a year this vicious. The heat that comes from the friction of agents being ground against the most resistance many of us have ever felt in our entire careers. […]
We’ve seen the summer favor buyers before, but not quite like in June this year. The last time we even got close to a near-universal absorption rate drop like we saw last month was in July 2023. Back then, 10 of our 12 neighborhoods dropped closer to the buyer’s favor. But in June 2024, only […]
It’s been an interesting month in the Greater LA housing market as more housing inventory flows into a parched market. We ended April’s absorption rate analysis with a prescient statement: “We did see a higher number of houses for sale in Los Angeles hitting the market in April. If that trend continues, we may see […]
