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”, […]
Tag: Real Estate
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 […]
Denied Financing? Here’s How a Savvy Agent Can Help You in Your Home Loan Pre Approval Process
Maybe you just found your dream home. Or maybe you just realized that the living situation that’s worked for you in the past isn’t cutting it today. It’s all good until that dreaded moment when you seek home loan pre approval… only to get denied. Where can you go from here? Ten times out of […]
The Top 25 Agents of Q4 2022
It’s never been an easy feat to make it into JohnHart’s Top 25 Agents of the Quarter. Yet, just as these agents have made an art of redefining real estate, the market itself has redefined “difficult.” It’s been a long time since the road to the Top 25 was strewn with so many obstacles, so […]
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 […]
Absorption Rate Analysis: November 2022 Underscores That the Success of Los Angeles Homes For Sale Varies Widely By Neighborhood
November’s Absorption Rates artfully illustrate the night-and-day diversity of markets around the Greater Los Angeles area. Those who have been following this column will easily recall how October showed all (but one!) neighborhood drop toward a buyer’s market. And this was after watching several neighborhoods continuously edge further into the seller’s favor. But November kept […]
Adding a Fireplace? The California Building Code Wants to Talk to You
After a summer that had its fair share of scorching moments, we’re deep into fireplace season here in California. True, we don’t have to ignite the ol’ fireplace too often here in the southern part of the state. But when we do, nothing can quite match that cozy feeling. Perhaps you’re shopping for Los Angeles […]