Los Angeles Area Real Estate News & Insights
Offerbanc posts Los Angeles area real estate news and trends on a weekly basis.
by Oliver Povey April 23, 2023 A house-price ridge has been overcome in the US and some of the most expensive areas in the country could be getting cheaper, California no exception. The covid-19 pandemic was a great year for homeowners. Prices soared, encouraged by record-low interest rates. This was as true in California compared to any other…
Read Moreby Maite Knorr-Evans April 19, 2023 The rental vacancy rate in the Golden State sits at just under four percent, the second lowest rate recorded since 1986. How does this impact the market? Across the Golden State, many residents are struggling to keep up with the rapidly increasing cost of rent and housing. From 1986 to…
Read Moreby California Association of Realtors April 18, 2023 LOS ANGELES, April 18, 2023 /PRNewswire/ — Moderately higher interest rates held California home sales essentially flat in March, while the statewide median home price recorded a healthy increase on a month-to-month basis for the first time in seven months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Infographic: https://www.car.org/Global/Infographics/2023-03-Sales-and-Price Closed escrow sales of existing, single-family…
Read Moreby California Association of Realtors April 11, 2023 LOS ANGELES, April 11, 2023 /PRNewswire/ — The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to CalHFA’s pause on the California Dream for All Shared Appreciation Loan program within two weeks of its launch: The California Housing Finance Agency (CalHFA), which administers the loan, opened the program…
Read Moreby California Association of Realtors April 5, 2023 Affordability gap for Black and Hispanic/Latino households remains wide LOS ANGELES, April 5, 2023 /PRNewswire/ — Housing affordability deteriorated in 2022 for all California ethnic home-buying groups, as home prices soared to record highs last year, and interest rates jumped to levels not seen in more than a decade, the CALIFORNIA ASSOCIATION OF…
Read Moreby OfferBanc Staff March 28, 2023 Are you considering selling your home but don’t want to go through the hassle and expense of a traditional home sale? Selling your home to a cash buyer can be a great way to get your home sold quickly, without the hassle of dealing with banks, repairs, inspections and…
Read MoreThis article originally appeared : ktla.com by Iman Palm February 28, 2023 For most of the last decade, buying a California home meant deciding how much over the asking price you were willing to bid. However, a cooling market gives some house buyers more power and a bit more opportunity to be picky. But the…
Read MoreThis article originally appeared : latimes.com by Andrew Khouri February 19, 2023 Stephen Jackson lost out on more than a dozen properties ashomeprices surged during the pandemic housing boom.He finally called off his search in 2021 when someone outbid him for a Tarzana condo by $25,000 — and paid in cash. “I was like, ‘I am…
Read MoreBY Tani Levitt This article originally appeared : lamag.com March 8, 2023 Watchers of the world of L.A. real estate have been left to wonder what the rest of 2023 will look like after new housing data released this week from CoreLogic reflects a diminished market in Southern California. Speaking to the Orange County Register,…
Read MoreNEWS PROVIDED BY Jeff Collins – Orange County Register This article originally appeared : https://www.ocregister.com February 28, 2023 The region’s housing slump continued through January, with home sales down 43% and prices falling below year-ago levels for the first time in almost four years. When Christmas lights go up, home sales typically go down as…
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