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 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 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...
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