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Absorption Rate Analysis – September 2023: Things Look Up for Buyers as Absorption Rates Sink Down Current Real Estate, Industry, Local News, RE News October 2, 2023 Seth Styles and Harout Keuroghlian Temperatures in SoCal may be about to rise again, but September was, appropriately enough, all about the fall. And we’re not...
While the real estate industry is still reeling from a federal jury’s decision to rule against the National Association of Realtors, October’s absorption rates may be feeling like the calm before the storm. There may be candy wrappers blowing gently off the streets on November 1. But October brought no tricks or treats to the Greater Los Angeles area’s housing market...
December 4, 2023 Seth Styles and Harout Keuroghlian Last month, we talked about the calm before the storm. Well, we wouldn’t ring the alarms just yet, but November gave us a bit more drama than October with some decent rises and falls across the Greater Los Angeles area. It’s a surprising amount of absorption rate activity for a time when the market is a...
As our absorption rate analysis blogs have likely emphasized by now, statistics are often at the whim of interpretation. These numbers are concrete: they tell us something that actually happened. A certain number of homes were sold in a given area. A certain number of homes were on the market in that same area. Anything beyond that is an assigned meaning that we’ve come to through a mixtu...
I am delighted to witness the rapid evolution of the commercial real estate (CRE) industry, surpassing my initial expectations. The impact of COVID has significantly influenced the industry, compelling us to swiftly adapt to changing requirements and strike a balance between work and life. In this article penned by Ben Mizes, the Co-Founder and CEO of Clever Real Estate, various fascinating tre...
11/26/23 12:00 PM ET Catering to millennials in the realm of real estate involves a nuanced approach, considering their unique preferences and financial considerations. My success in connecting with this demographic lies in understanding their tech-savvy nature, emphasizing digital communication, and leveraging online platforms for property discovery. By offering tailored solutions, such as ...
Just like residential real estate had a tough time last year, commercial real estate (CRE) faced challenges too in 2023. Some even say it was the toughest year ever. Here's the big picture The entire CRE industry is going through a tough phase, still feeling the impacts of the pandemic. According to experts, a lot of office spaces are empty – a record 30-year high with an 18% va...
Buying a residential property or a commercial property involves different considerations, as they serve distinct purposes and have unique characteristics. Here are some major differences between the two: Intended Use Residential Property: Primarily used for living purposes. It includes single-family homes, multi-family homes (usually up to 4 units), condominiums, townhouses, etc. C...
