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Some are calling it the kind of relief one expects from a functioning first world government. Others are calling it an overreach that ignores the real solution. But no matter how you slice it, the Biden administration announced on Wednesday, January 25 its intention to establish a fledgling “renters bill of rights.” What does this mean? A diverse battery of renters rights applied at...
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...
LA COUNTY It's all about the gated communities this week 👇🏼 71 Beverly Park, Beverly Hills This 90210 estate located in the exclusive gated community of North Beverly Park boasts an impressive 6.2 acre lot and offers 30,500 square feet of living space with 12 bedrooms and 20 bathrooms! Check out this amazing chateau here. ORANGE COU...
If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. His ...
LA COUNTY 15930 Woodvale Road, Encino A gorgeous new construction estate boasting 21,000 sq ft of living space with 8 bedrooms, 14 bathrooms, chef's prep kitchen, home theater, professional gym, full spa, hair salon, elevator, temperature-controlled wine storage, 14 car garage that doubles as an event space, outdoor basketball court, and fabulous detached two-stor...
LA COUNTY 8365 Sunset View Drive, Los Angeles Would you like a fireplace next to your bathtub? How about an infinity pool with panoramic views of LA? Check out this 5 bed, 7 bath, contemporary masterpiece set atop the Hollywood Hills. ORANGE COUNTY 133 Emerald Bay, Laguna Beach Located in Emerald Bay, on the North End, in...
By now, 8 months into publicly releasing our absorption rate data, we’ve become pretty accustomed to the Greater Los Angeles area favoring the seller. But this is the first time we’ve seen every neighborhood we monitor move deeper into a seller’s market. So, if you’ve been thinking about selling your home, now might be a great time to stop thinking and start&nb...
After a few months of drama, it seems the summer’s absorption rates are going into the fall with a whimper instead of a bang. No record highs for any neighborhoods. No lows either. Compared to previous months, the shifts in position were modest with the exception of one desert community. Can you guess which one? It’s also worth noting that this marks one full year of Absor...
It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward solv...
We’ve seen the summer favor buyers before, but not quite like in June this year. The last time we even got close to a near-universal absorption rate drop like we saw last month was in July 2023. Back then, 10 of our 12 neighborhoods dropped closer to the buyer’s favor. But in June 2024, only a single neighborhood moved further into the seller’s favor. And that neighb...
