Los Angeles Area Real Estate News & Insights
Offerbanc posts Los Angeles area real estate news and trends on a weekly basis.
NEWS PROVIDED BYColdwell Banker Global Luxury Mar 13, 2023, 09:00 ET From resettling expectations to second home mainstays and buying overseas, the annual real estate outlook highlights the global wealth influence on U.S. real estate and more MADISON, N.J., March 13, 2023 /PRNewswire/ — Coldwell Banker Real Estate LLC, an AnywhereSM (NYSE: HOUS) brand, and the Coldwell Banker Global Luxury® program…
Read MoreNEWS PROVIDED BY Zillow Mar 13, 2023, 08:00 ET The rebalancing of the housing market has been felt the most in areas where affordability is stretched SEATTLE, March 13, 2023 /PRNewswire/ — The U.S. has lost 58 “million-dollar” cities — cities where the typical home is worth $1 million or more — since the housing market peaked last July,…
Read MoreCALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) Mar 01, 2023, 14:09 ET LOS ANGELES, March 1, 2023 /PRNewswire/ — The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the “More Homes on the Market Act,” reintroduced today by House Representatives Jimmy Panetta (D-CA) and Mike Kelly (R-PA). The bipartisan bill increases the capital gain exclusion amounts on the sale of a…
Read MoreNEWS PROVIDED BY CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) Feb 22, 2023, 12:30 ET LOS ANGELES, Feb. 22, 2023 /PRNewswire/ — The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the Housing and Urban Development’s (HUD) announcement to reduce the annual mortgage insurance premium on Federal Housing Administration (FHA) insured loans. “Today’s move by HUD and…
Read MoreThis article was originally published by California Association of Realtors on 2/16/2023 LOS ANGELES, Feb. 16, 2023 /PRNewswire/ — California home sales edged up in January for the second straight month, as interest rates continued to take a breather, but still remained below the 250,000-unit sales pace for the third straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Infographic: https://www.car.org/Global/Infographics/2023-01-Sales-and-Price Read…
Read MoreThis article was originally published by managecasa.com by Gord Collins on January 29, 2023 The state of California has been through a lot of recent. However, spring will arrive and with it comes an entirely new housing landscape. Will the rising waters in the storage system cause a boom in tourism? Will the damage of…
Read MoreThis article was originally published by the Los Angeles Times and written by Jack Flemming on September 24, 2022 This week’s stories showcased the vast range of Southern California properties, from a 64-square-foot tiny home all the way up to a 1.5-million-square-foot shopping mall. But first, let’s start with the market itself, which continued to cool for…
Read MoreThe following analysis of select counties of the Southern California real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner for Q4 2022 We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact…
Read MoreNote: This story was originally posted by Bankrate.com by TJ Porter & Michele Petry on January 18, 2023. After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market is finally slowing. Home sales had declined for 11 consecutive months as of December…
Read MoreNote: This story was originally posted by Bankrate.com by TJ Porter & Michele Petry on January 18, 2023. The year is quickly ticking down, and we are fast approaching the transition between autumn and winter. That makes now a perfect time to forecast how the real estate market might shake out next season and into…
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