Housing follows the basic economic 101 fact that if demand is higher than supply, pricing will go up. The age chart reflects the Millennials are in their prime housing formation years. The aging population is staying put, and the average time of housing retention used to be 7 years, now it's 11. ... » Learn More about Why the Structural Elements of New Housing Construction and Age Demographics Feeds Into a Continuing Strong Real Estate Market
Los Angeles Real Estate market
California, Los Angeles, San Fernando Valley Housing Statistics February 2022
As you can see in the attached charts, the real estate market still remains strong going into the Spring 2022 buying season. The only tricky part is what's going to happen with consumer confidence and the interest rates because of Geopolitical issues, high inflation, the Federal Reserve increasing ... » Learn More about California, Los Angeles, San Fernando Valley Housing Statistics February 2022
Los Angeles Controller Calls Out Slow Progress and Inefficient Spending On Emergency and Affordable Housing
The following is a release from the Los Angeles Controller on the inefficient spending of funds allocated to take care of the homeless issues in Los Angeles. Los Angeles Controller Ron Galperin is the taxpayers’ watchdog at City Hall, making sure public dollars are spent efficiently and effectively. ... » Learn More about Los Angeles Controller Calls Out Slow Progress and Inefficient Spending On Emergency and Affordable Housing
San Fernando Valley Real Estate – It’s All About The Inventory
It seems that every week I receive a question on if we're going to have a crash in real estate values. My answer is always "it's about the basic economic reality of Supply and Demand". Interest rates can go up putting pressure on marginal buyers, but higher rates, higher values, isn't what you want ... » Learn More about San Fernando Valley Real Estate – It’s All About The Inventory
San Fernando Valley Los Angeles Real Estate Market Update November 2021
The San Fernando Valley and Los Angeles real estate markets are staying solid. Appreciation may back off from their white hot levels of 18% or so but should maintain at least high single digits for the moderate term. Inventory levels started to elevate, but have stabilized. Sales are holding solid. ... » Learn More about San Fernando Valley Los Angeles Real Estate Market Update November 2021