The California State Housing Element Law was established in 1969. It requires jurisdictions to do their “fair share” around planning for adequate affordable housing (RHNA). It requires a review of the General Plan and must be updated every 8 years. It recognizes that housing is a critical need and ... » Learn More about Los Angeles Planning Dept Playing Catchup For Needed Housing
Market Updates
San Fernando Valley Housing Statistics August 2020
The heated San Fernando Valley housing market continues on with multiple offers for most well-priced listings. The historically low-interest rates are pushing buyers into the market. The low inventory is acting as a limit to the number of sales and propping up values. It's a very frustrating ... » Learn More about San Fernando Valley Housing Statistics August 2020
Ventura County Real Estate Report Card August 2020
The Ventura County real estate market is still shaking off COVID but feeling a boost from the historically low interest rates. Property values are still appreciating because of supply and demand. In this report card, you can see how only a fraction of the needed housing to cover the new household ... » Learn More about Ventura County Real Estate Report Card August 2020
Los Angeles County Real Estate Report Card August 2020
The Los Angeles real estate market is still shaking off COVID but feeling a boost from the historically low interest rates. Property values are still appreciating because of supply and demand. In this report card, you can see how only a fraction of the needed housing to cover the new household ... » Learn More about Los Angeles County Real Estate Report Card August 2020
California Real Estate Market at a Glance July 2020
The statistics reflected in the California Real Estate Market numbers for July show a very hot market. Inventory is a 1/3 less than a year ago, and the existing home sales are substantially higher because the interest rates are lower than a year ago, pushing up the affordability index. If there were ... » Learn More about California Real Estate Market at a Glance July 2020