WASHINGTON (February 27, 2023) – Pending home sales improved in January for the second consecutive month, according to the National Association of REALTORS®. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions. The Pending Home Sales Index (PHSI)* — a forward-looking indicator of home sales based on contract signings — improved 8...
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Pending Home Sales Improved for Second Straight Month, Up 8.1% in January
Absorption Rate Analysis: March 2023 – All Neighborhoods Move Deeper Into Seller’s Territory for the First Time
By now, 8 months into publicly releasing our absorption rate data, we’ve become pretty accustomed to the Greater Los Angeles area favoring the seller. But this is the first time we’ve seen every neighborhood we monitor move deeper into a seller’s market. So, if you’ve been thinking about selling your home, now might be a great time to stop thinking and start&nb...
Absorption Rate Analysis – September 2023:
Temperatures in SoCal may be about to rise again, but September was, appropriately enough, all about the fall. And we’re not talking about changing seasons. With the exception of two of our neighborhoods, all areas dropped closer to a buyer’s market this month or simply treaded water. And of the two that moved further into seller’s territory, one was by a single percentage poi...
- calendar_month October 12, 2023
- category Housing, Real Estate Industry
Fannie Mae Introduces 5% Down Payment Option for Multifamily Homes
Lowered down payment requirements for multifamily homes In a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes. This marks a departure from the previous multifamily financing requirement of 15-25% down payments for duplexes, triplexes, and four-plex...
- calendar_month October 12, 2023
- category Housing, Multi-Family Market Report, Real Estate Industry
Californians Can Buy and Sell ADU Homes Like Condos Thanks to AB 1033
It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward solv...
- calendar_month October 18, 2023
- category Housing
The Housing Market is NOT Going to Crash – Here Are 9 Reasons Why
Have you seen the news? Wall-to-wall headlines about the big housing market crash headed your way. You’d think it was a confirmed fact! As the CEO and founder of my own real estate brokerage, and an expert who’s been successfully working in the real estate industry for decades, I have news for you. There will be no housing market crash. I realize that’s a bold...
Best Places To Retire? Pennsylvania Dominates New Ranking As Florida Markets Drop.
Florida, long considered a mecca for retirees, didn't have any markets rank in the top five on a new list of the best places to retire in the United States. In fact, five cities in Pennsylvania swept the top spots on U.S. News & World Report's 2024 rankings of U.S. retirement destinations, displacing some Florida markets as the criteria changed this year to include the total cost...
Los Angeles Multifamily Rents See Positive Momentum in 2024
After experiencing losses late last year, average asking rents in greater Los Angeles are on the rise. In 2023, average daily asking rents in Los Angeles bottomed out in December at $2.86 per square foot each month. Since then, upward momentum has been sustained, with average daily asking rents up around 1% from the recent low, reaching just above $2.88 per square foot each month. Rent movem...
- calendar_month May 22, 2024
- category Commercial & Investment Real Estate, Housing, Multi-Family Market Report
- post Multifamily
What is a good rate of return on your Multifamily Investment Property in Los Angeles ?
"What is a good rate of return on your Multifamily real estate investment in Los Angeles county ? I get this question a lot from apartment owners in Los Angeles. A good rate of return on a multifamily investment property in Los Angeles can vary depending on several factors, including location, property class, and market conditions. Generally, investors aim for a cap r...
- calendar_month June 2, 2024
- category Commercial, Housing
- post Multifamily
Anaheim ranks as most expensive SoCal market for “starter” homes
Prospective buyers in Anaheim looking to get a “starter home” with a 30-year mortgage at current rates need at least $251,000 in annual household income, the most of any city in Southern California. The data from Redfin shows Anaheim as third-highest in the nation for income requirements, the San Jose Mercury News reports. California dominated the upper ranks of the...
