Q2-2016 Market Climate Map: Median Sale Prices for Condos & Co-Ops

By Posted on 1 min read 97 views

Second quarter numbers are in for LA-area condos and co-ops, and it looks like the median sales prices are on the rise. With a few exceptions (Topanga, Pacific Palisades, and DTLA, to name a few), this new map shows that, even though summer’s coming to an end, things are getting a little warmer down here. CLICK HERE for a larger version of this map. …

First-Time Buyers Cause Spike in Existing-Home Sales

By Posted on 2 min read 112 views

Over the past few years, first-time homebuyers have been inundated with bad news, bad luck, and bad everything else. Finally, though, things have taken a turn for the good. The share of first-time buyers who purchased homes in June 2016 was the highest recorded in four years (since July 2012!), according to the latest National Association of Realtors’ Existing-Home Sales report. For the first half of the year, first-time buyers made …

LA’s July Rent Report Revealed!

By Posted on 1 min read 124 views

Apartment List just released July’s rent report for Los Angeles–and, unfortunately, it looks like we’ve got some bad news for apartment hunters. Even though nationwide rents fell slightly, Los Angeles rents decided to buck that particular trend and grow 3.3 percent year-over-year since June 2015, which experienced rent growth of 2.2 percent over the same period of time. Fortunately for renters, there was no growth over the past month. However, Los …