by Greg Wasik | Jul 6, 2022 | Los Angeles Real Estate and Appraisal News
The sales and home prices in Southern California appear to have been edging lower in the month of June over the month of May. This adds to all of the mounting evidence that a major housing slowdown is pulling the SoCal home values even lower every single day. In fact,...
by Greg Wasik | Jul 1, 2022 | Los Angeles Real Estate and Appraisal News
Showing the impact of rising interest rates in the real estate market, PIMCO-backed FGMC last week laid off 80% of its approximately 500 employees. According to one employee they are no longer accepting new mortgages which suggests the firm will be shut down. In a...
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...
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