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Los Angeles Homebuyers and Sellers Entered a Standoff in September

Summary Los Angeles home sales declined by 24 percent year over year in September, with all local communities except the Eastside showing a decline in the third quarter, bringing 2018 housing market activity to 11 percent below last year. Following a strong start for higher-priced sales at the...

Posted 8 months ago
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Straight Talk: Everything You Need to Know About Proposition 10

What is Proposition 10?Proposition 10 is a statewide ballot initiative in the November 2018 election that aims to repeal the Costa-Hawkins Housing Act. While Proposition 10 has become a polarizing issue, it is critically important to understand what it does and does not do. What is the...

Posted 9 months ago
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California's August Job Gains Are Another Win

California's August Job Gains Are Another Win  August was another solid month for job additions in California, with employers creating 44,800 positions. In addition, California’s unemployment rate remained at 4.2 percent, maintaining a historic low for the fifth consecutive month, according to...

Posted 9 months ago
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Los Angeles Home Sales Take Another Dip in August, With Low Inventory Mostly to Blame

August home sales — including single-family residences and condominiums — in greater central Los Angeles took another dip last month, dropping by 13 percent year over year. However, sales of $3 million-plus homes continued to trend than last year, rising by 17 percent. Sales trended higher in...

Posted 9 months ago
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Strong August U.S. Jobs Growth Suggests That Higher Interest Rates Are Coming

Strong August U.S. Jobs Growth Suggests That Higher Interest Rates Are Coming Today's national employment report from the U.S. Bureau of Labor Statistics offers continued support for strong economic growth, with an increase of 201,000 jobs in August.  Over the last 12 months, the U.S. economy has...

Posted 9 months ago
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Los Angeles Housing Market Rebalances in July

KEY TAKEAWAYS July home sales — including single-family residences and condominiums — in greater central Los Angeles were down by 6 percent from last July, a smaller decline than in the previous two months. Sales of homes priced between $1 million and $2 million trended higher again. While most...

Posted 10 months ago
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Straight Talk: Losses of Lower-Paying Jobs Slow California’s Employment Growth in June

The Golden State created 800 jobs (seasonally adjusted) in June, which is the lowest number since the recovery began in 2010 and follows an upward revision to 7,200 jobs added in May, according to the latest numbers from the state Employment Development Department. Nevertheless, notable losses...

Posted 11 months ago
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LA Market Update: Few Buyer Options Leads to Drop in Los Angeles Home Sales in June

Takeaways: June home sales — including single-family residences and condominiums — in greater central Los Angeles fell notably compared with last year, down 20 percent. Large drop in some relatively more-affordable communities - Eastside saw the largest year-over-year drop, down by 36 percent....

Posted 11 months ago
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Mortgage rates matter but lack of inventory matters more

Key Takeaways: May home sales slowed across all price ranges compared with last May, though an earlier buildup in higher-priced sales has kept overall 2018 activity higher than last year. Northeast L.A. and Mid L.A./Baldwin Hills continue to benefit from strong higher-priced sales. After a busy...

Posted 12 months ago