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Housing Market Update-March 2023

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 great time to stop thinking and start&nb...

Why It Pays to Buy a House!

Why it pays to buy a house: Homeowners became 40 times wealthier than renters in the past decade  Swapna Venugopal Ramaswamy, USA TODAY Published 9:00 a.m. ET April 18, 2023 | Updated 12;24 p.m. ET April 18, 2023   Over the past decade, the median-priced home in the U.S. gained $190,000 in value, making the typical homeowner 40 times wealthier than if they had remaine...

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L.A. Landlords Eye Office-To-Housing Conversions

THE REAL DEAL REAL ESTATE NEWS Los Angeles office cubicles could be swapped for walk-in closets and induction stovetops. More landlords are considering converting offices into condos or apartments as companies cut back on leases as they permanently adapt to remote work, the Los Angeles Times reported. While most haven’t acted, candidates for conversion are eying uncertain...

Home Sales Market Update-May 2023

PUBLISHED THU, JUN 22 2023 10:00 AM EDT UPDATED THU, JUN 22 2023 10:39 AM EDT Diana Olick @DIANAOLICK @DIANAOLICKCNBC @IN/DIANAOLICK KEY POINTS Home sales inched higher in May from April, according to the National Association of Realtors. High interest rates, inflated prices and tight supply are weighing on the traditionally busy spring market. Compared with a year e...