Even in absorption rate analysis, what goes up must come down. It just seems that someone forgot to tell a couple of our neighborhoods. But after a March when we watched every neighborhood we service surge deeper into the seller’s favor, the scales seem to be balancing again. All but two of our neighborhoods dropped […]
Category: Current Real Estate
Real Estate Marketing with Instagram
With over 2 billion active monthly users, Instagram is one of the largest social media platforms out there. Real estate marketing with Instagram has helped many agents skyrocket to success with virtually no marketing budget. With that being said, any agent looking to be triumphant in this market had better get their Instagram game on […]
Absorption Rate Analysis: March 2023 – All Neighborhoods Move Deeper Into Seller’s Territory for the First Time
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 […]
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 […]
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”, […]
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 […]
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 […]
Absorption Rate Analysis: December 2022 – “Surge” is the Word for Selling Houses in Los Angeles
If the end of 2022 is anything to go by, it’s certainly a happy new year for those selling houses in Los Angeles. The absorption rates for each of our neighborhoods surged deeper into a sellers market in December with the exception of one. Some of those surges were negligible. But one neighborhood made the […]
Los Angeles Mansions Hit the Market in Anticipation of Measure ULA
Featured image credit: Edward Stojakovic Is now the right time for prospective buyers to purchase that luxury mansion they’ve been eyeing? Well, that depends. But if you’re in the market for Los Angeles luxury homes, you may be seeing a decent amount of them hitting the market in the coming weeks. That’s because Measure ULA, […]
Report: Nearly Half of the Units Listed in LA Through Short Term Rental Companies Are Violating Regulations
It’s been over three years since the city of Los Angeles passed laws designed to regulate out-of-control listings by short term rental companies. Yet, a recent report highlights that, in light of a disturbing lack of enforcement, hosts are still bending the rules. Or, in many cases, outright breaking them. David Wachsmuth, an urban planning […]