The way landlords handle security deposits is about to change in several major ways. The California security deposit law (officially recognized as Assembly Bill 12) takes effect on July 1 and will limit how Golden State landlords collect and handle security deposits. JohnHart Commercial Real Estate has the details. The One Month’s Rent Limitation Photo credit: Envato Pos...

• calendar_month May 28, 2024
• category Commercial Real Estate
• post California, Housing, Laws and Regulations, Los Angeles, real estate, renting, resources

It’s been an interesting month in the Greater LA housing market as more housing inventory flows into a parched market. We ended April’s absorption rate analysis with a prescient statement: “We did see a higher number of houses for sale in Los Angeles hitting the market in April. If that trend continues, we may see absorption rates drop closer to the buyer&r...

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

Calling all fútbol (soccer) fans! Step into the extraordinary world of fútbol legend Leo Messi at The Messi Experience in Los Angeles! Immerse yourself in his incredible journey through interactive, tech-filled rooms — from his early days to World Cup glory. Explore Leo’s childhood, participate in interactive exercises, earn points to catch Messi's attention, and e...

• calendar_month June 15, 2024
• category Resources
• post California, Fútbol, Los Angeles, Messi, Soccer

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

Hello, music enthusiasts! 🌟 Summer is here, and the Hollywood Bowl is set to deliver an incredible line up of concerts that you won’t want to miss. From rock legends to pop sensations, here are some of the coolest concerts at the Hollywood Bowl this season. Rock Legends: Foo Fighters Kick off your summer with some high-energy rock! The Foo Fighters will take the stage on August 1...

• calendar_month July 25, 2024
• category Resources
• post Events, Hollywood Bowl, Los Angeles, Music

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 12, 2024  JohnHart Real Estate and Harout Keuroghlian Is it better to rent out or list homes for sale in California? You’d be surprised how much this question comes up. There’s no denying that property is a solid investment. But when you’ve generated enough wealth to consider retiring your primary residence to an investment property, it’s ti...

• calendar_month September 9, 2024
• category Current Real Estate
• post California, Industry, 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