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

Housing market predictions for the next five years suggest a mix of challenges and opportunities. While interest rates may gradually decrease, affordability will remain a key issue due to high home prices and limited inventory. Demand is expected to stay strong, particularly in suburban and Sun Belt markets, as millennials and Gen Z continue entering the market. However, economic uncertainty an...

• calendar_month February 3, 2025
• category Market Update
• post Housing Market Update, Industry, United States

We’ve never seen a month like January 2025 in the history of publishing our absorption rates. And with so many monumental factors at play, it’s tough to pin these results on one thing. New presidential administration? Citywide fires? The Grind to Greatness Realtor Race? In short, we expected a drop in absorption rates in January. But we didn’t expect every neighborho...

• calendar_month February 5, 2025
• category Absorption
• post California, Homes For Sale, Housing, Housing Market Update, Los Angeles

It seems that in the Greater Los Angeles area’s absorption rate stats, what goes down must come up. January’s month of down-the-line decreases in absorption rates were countered in February with increases across the board. We had a similar surge in every neighborhood in March 2023. So, while it’s rare, it happens. And it was expected. We ended January’s absorption rate a...

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

  What you need to know to start your day By Lou Hirsh | CoStar News | March 18, 2025 | 12:38 P.M.   Housing construction starts rebound Residential construction starts posted a significant increase in February, thanks largely to the single-family category, though analysts cautioned that builders are still struggling with elevated material costs and short...

• calendar_month March 19, 2025
• category U.S. Economy
• post Daily Roundup, Google, Housing Market Update, Industrial