by Greg Wasik | Jun 16, 2022 | Los Angeles Real Estate and Appraisal News
Due to the recent increase in interest rates from under 3% to over 6% in a matter of months, real estate industry giants Redfin and Compass announced yesterday large layoffs of 6% and 10% of their workforces, respectively. At Compass this totals approximately 450...
by Greg Wasik | Jun 8, 2021 | Los Angeles Real Estate and Appraisal News
Significant activity has been spotted in the real estate market, with several homes being sold to record numbers in Los Angeles for months. Douglas Elleman noted that the real estate market recorded total home sales up by 10% from the last quarter and up by 40%...
by Jen Case | Mar 29, 2021 | Los Angeles Real Estate and Appraisal News
February’s Southern California home prices reached an all-time high due to buyers competing during a shortage of homes for sale, which signals that the pandemic home-buying trends are extending into 2021. Southern California home sales surged 17.6% from February...
by Greg Wasik | Feb 14, 2021 | Los Angeles Real Estate and Appraisal News
Picture credit: By Lasvegaslover – Own work, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=9745736 The Fontainbleau Casino in Las Vegas, currently called The Drew Las Vegas and 75% complete after construction halted in 2009 during the last recession...
by Greg Wasik | Sep 19, 2020 | Uncategorized
The National Multi-family Housing Council announced its Rent Payment Tracker for September showed only 76.4% of US households renting apartments made a full or partial rent payment by September 6. That number is down from 79.3% in August 2020 and is the lowest since...
by Christine Nguyen | Aug 30, 2020 | Los Angeles Real Estate and Appraisal News
Once listed for $1 billion, “The Mountain,” a property at 1652 Tower Park Drive in Beverly Hills, aptly named for its breathtaking and panoramic views from Downtown Los Angeles to the Pacific Ocean and excessive size encompassing 157 acres (twice the size of...
by Jen Case | May 25, 2020 | Uncategorized
Due to the pandemic crisis, data released from DQNews last week shows that Southern California home sales dropped by 26.6% in April compared to a month earlier while year-over-year sales were also down 31.5%. The data reflects the residential transactions that closed...
by Greg Wasik | May 11, 2020 | Los Angeles Real Estate and Appraisal News
While the COVID-19 crisis has put the brakes hard on the real estate market, deals are still getting done especially with interest rates at all times lows. However, lenders are raising their standards for loan approvals which will lead to less approvals in the current...
by Jen Case | Mar 26, 2020 | Uncategorized
As Los Angeles Valuation Group reported in April of last year, developer Bruce Makowsky filed a lawsuit against Zillow claiming that the Seattle-based online real estate company had harmed the reputation of his Bel-Air mansion, appropriately named ‘Billionaire,’ by...
by Jen Case | Mar 5, 2020 | Los Angeles Real Estate and Appraisal News
Southern California home prices increased in January from the previous year as buyers competed over a limited supply of homes for sale across the six counties. The area’s median price came in at $533,000, which was 6.6% higher than in January of 2019, and is the...
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