News

City Council rejects landmark status for Bob Hope estate in Toluca Lake

March 1, 2017

The L.A. City Council has voted against granting historic status to the 1939 Bob and Delores Hope estate after a heated battle that pitched daughter Linda Hope against Councilman David Ryu. The Council voted 8-2 in favor of landmark status for the Toluca Lake estate on Thursday…

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This is 30

December 15, 2016

For REALTORS®, the 30-year-old buyer is an important one to pay attention to. According to recent National Association of REALTORS® statistics, 30-year-olds are big: The average age of first-time buyers is 31, and the average age of millennials is 30—and they make up the largest generational category of buyers by a large amount.

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Will 2017 be a buyer’s market or a seller’s market?

December 13, 2016

Four economists weigh in on what the next year has in store for each group. Next year will likely remain a seller’s market in most markets, but buyers might have their day in 2018 or 2019. Future buyers will be “less white and a little younger.”

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What does President Trump mean for the housing market?

November 9, 2016

Political pundits around the country were stunned last night when Donald Trump secured enough votes to beat Hillary Clinton to become the next President of the United States. While supporters from both sides are still reeling from emotions, we woke up wondering what that would mean for real estate.

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After fatal Granada Hills shooting, LA leaders crack down on party houses

November 2, 2016

The Los Angeles City Council on Wednesday cracked down on party houses, unanimously voting to instruct the city attorney, with help from the Police Department, to draft an ordinance that regulates the often unruly gatherings held at local homes.

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Buying is somehow still cheaper than renting in LA

October 20, 2016

Over time, homeowners will pay 32.7 percent less than renters. To buy or to rent? The answer isn’t hard if you move around a lot or don’t have the cash on hand to cover a down payment, but for those looking to settle into a community for a number of years, the decision can come down to a simple question of finances. And according to a new report from Trulia, it’s still cheaper to buy in Los Angeles in the long run—in spite of sky high prices.

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Real Property Report – California, August 2016

August 31, 2016

“In the same way that July sales were artificially depressed by fewer business days than the prior year, August sales were artificially goosed higher with more business days,” said Madeline Schnapp Director of Economic Research for PropertyRadar. “The best way to make sense of these calendar quirks is to step back and take a year-to-date view. When we do, we see slightly lower sales and higher prices, in perfect alignment with our theme since October 2015 – “Flat is the New Black.”

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2016 Housing Market Forecast

January 3, 2016

Lawrence Yun, National Association of Realtors Chief Economist and Senior Vice President discusses the state of the U. S. housing market and forecast for 2016.

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