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 a single neighborhood moved further into the seller’s favor. And that neighborhood onl...

• calendar_month July 2, 2024
• category Absorption
• post California, Current Real Estate, Housing Market Update, Los Angeles, resources

In June 2024, the commercial real estate market experienced mixed performance across different sectors. Here's a snapshot: Office Sector: The office sector continued to face challenges with high vacancy rates. Nationally, vacancy rates hovered around 19.2%, approaching historic peaks. However, there is potential for repurposing some older office spaces into apartments or data centersâ...

• calendar_month July 16, 2024
• category Commercial Real Estate
• post Current Real Estate, Industrial, Industry, multi-family, Office Buildings, Retail

At first glance, July seemed like a rebound month for L.A.’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 moving families because the schools are out. But this was still a pleasant s...

• calendar_month August 4, 2024
• category Absorption
• post California, Current Real Estate, Home Sales, Housing Market Update, Los Angeles

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 years. Most of the usual suspects are doing w...

• calendar_month September 9, 2024
• category Absorption
• post Current Real Estate, Housing Market Update, Los Angeles

This is the single most impressive absorption rate analysis we’ve published since we first started sharing our numbers in August 2022. Perhaps it was the market anticipating the federal interest rate drop. We’re finally below 5%! Or perhaps things really are just starting to swing in the buyer’s favor. Whatever the case, the dropping absorption rates this month were unusual bu...

• calendar_month October 1, 2024
• category Absorption
• post California, Current Real Estate, Housing Market Update, Los Angeles

In the realm of real estate absorption rates, it seems that what goes down must come up. At least in the competitive housing market of the Greater Los Angeles area. As we head deeper into the autumn, the sun that shined so brightly on prospective home buyers is slipping behind the clouds, returning favor to sellers. Well, except for one holdout. In October, we sold 1,077 homes in the neighborho...

• calendar_month November 7, 2024
• category Absorption
• post California, Current Real Estate, Housing Market Update, Los Angeles

After October’s near-unanimous surge deeper into the seller’s good graces, it’s no surprise that November offered more divisive absorption rates as neighborhoods evened out. Sure, four neighborhoods started a streak of two consecutive months marching further into seller territory. But we saw seven communities rise higher in the seller’s favor and five drop closer to a bu...

• calendar_month December 5, 2024
• category Absorption
• post California, Current Real Estate, Housing Market Update, Local News, Los Angeles

A December surge toward the seller’s favor is a holiday tradition in its own right when it comes to our monthly absorption rate analysis. It’s just how the “off-season” works in real estate. A lower volume of homes hitting the market typically tips the scales in the sellers’ favor. In December 2022, only one of our published neighborhoods (Glendale) dropped closer ...

• calendar_month January 4, 2025
• category Absorption
• post California, Current Real Estate, Homes For Sale, Housing, Housing Market Update, Los Angeles

As our neighbors consider rebuilding their homes following the horrifying wildfires that tore through the region just a little over a week into the new year, more and more homeowners are taking careful consideration into what materials and practices build fire-resistant homes. Sadly, a fully fireproof home just isn’t feasible. Otherwise, we may not be going through the ongoing headache of...

• calendar_month January 28, 2025
• category Home Design & Decor
• post California, Current Real Estate, Los Angeles

The rain has finally arrived in Southern California, but January’s historic wildfires continue to cause turmoil. Yet this time, the problems are legislative. Last week, Los Angeles city officials dismissed a proposed citywide rent freeze. The suggested changes follow allegations of price gouging that also inspired a slew of stricter price gouging laws.  The Rejected Rent Freeze Or...

• calendar_month February 19, 2025
• category Commercial Real Estate
• post Current Real Estate, Laws and Regulations, Los Angeles, multi-family, resources