Some people have no clue about their home’s value. Others methodically scrutinize and analyze, but still end up with doubts. And still there are those who fully trust one figure, say a property assessment, only to list their home and find that the market doesn’t quite agree. There are so many moving factors involved with valuation that precision can be tricky. But excuses aside, wha...

• calendar_month October 14, 2022
• category Housing
• post Housing

Overview Submarket vacancy in Glendale, 2.8%, is at its lowest levels in decades. Average rents in Glendale rates trended downward through much of 2020 but recovered to pre-pandemic levels in 21Q2. Asking rates are presently growing at 5.0% on a year-over-year basis. Glendale was one of L.A.'s hotspots for new multifamily construction last decade, with more than 3,600 units delivered ...

• calendar_month October 29, 2022
• category Multi-Family Market Report
• post Housing

Measure ULA, also known as the “Homelessness and Housing Solutions Tax,” was a ballot measure in Los Angeles which was recently approved by voters in the 2022 Los Angeles County Midterm Elections. Measure ULA will impose a new and additional transfer tax on real estate valued at more than $5 million. Although this tax is sometimes misleadingly advertised as a “mansion tax,&rdq...

• calendar_month January 25, 2023
• category Housing
• post Housing

Some are calling it the kind of relief one expects from a functioning first world government. Others are calling it an overreach that ignores the real solution. But no matter how you slice it, the Biden administration announced on Wednesday, January 25 its intention to establish a fledgling “renters bill of rights.” What does this mean? A diverse battery of renters rights applied at...

• calendar_month January 29, 2023
• category Housing
• post Housing

The city of Los Angeles is requiring residential landlords to pay relocation fees if they impose double-digit rent hikes, an increase that's unusually large for the market. The Los Angeles city council passed an ordinance this week making landlords pay a tenant three times the fair market rent for relocation help, plus $1,411 in moving costs, if a multifamily owner raises the rent by mor...

• calendar_month February 13, 2023
• category Housing
• post Housing

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...

• calendar_month February 27, 2023
• category Housing
• post Housing

If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. His ...

• calendar_month February 27, 2023
• category Ecomomy
• post Housing

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...

• calendar_month April 13, 2023
• category Housing
• post Housing

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...

• calendar_month November 14, 2023
• category Ecomomy, Housing
• post Housing

Today, February 20, 2024 Building costs will rise between 3% and 6% throughout 2024, depending on the market, according to data released Tuesday by cost management firm Currie and Brown.  Builders should plan for construction costs to increase throughout 2024 due to a variety of factors, according to a new study released Tuesday by cost management firm Currie and Brown...

• calendar_month February 20, 2024
• category Commercial & Investment Real Estate, Ecomomy
• post Housing