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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: 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...
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...
Here are the most current housing updates for the City of Studio City, Los Angeles, CA: 1. Studio City, CA 91602 Active homes for sale: 10 Median listing price: $3,397,500 Price per square foot: $879 Total # of homes sold in May 2023: 3 Average time on the market: 8 Median sold price: $1,299,000 Absorption Rate: 30% 2. Studio City, CA 91604 Act...
Here’s What to Do if the Home Insurance California Brokers Offer No Longer Covers You Current Real Estate, Local News, Misc., RE News, Tips July 13, 2023 Seth Styles If you’ve been paying attention to the news, you’ve seen it’s getting harder to secure California homeowners insurance. Farmers Insurance, the second most ...
Existing-Home Sales Slipped 2.2% in July August 22, 2023 Media Contact: Troy Green 202-383-1042 Key Highlights Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million. Sales receded 16.6% from one year ago. The median existing-home sales price rose 1.9% from one year ago to $406,700. It was the fourth time the monthly median sales pri...
