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If the end of 2022 is anything to go by, it’s certainly a happy new year for those selling houses in Los Angeles. The absorption rates for each of our neighborhoods surged deeper into a sellers market in December with the exception of one. Some of those surges were negligible. But one neighborhood made the most aggressive jump we’ve ever seen since we started tracking absorption rat...
The city of Los Angeles continues its Covid-19 eviction protection saga this week. Yet, it will be Friday before the LA City Council’s vote reveals anything conclusive. For now, we can mull over a list of proposed regulations aimed at shielding tenants from repercussions for unpaid and underpaid rent. The proposals bring new hope for tenants still floundering in the aftermath of the globa...
Skyrocketing interest rates through most of 2022 put some much-needed pressure on the housing market after home prices hit record highs across the nation. However, since December, mortgage rates have been on a steady decline during the first month of the new year. Even so, many economists remain mixed about whether home prices will continue to decelerate throughout 2023—or even drop at al...
At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...
