First-Time Buyers Cause Spike in Existing-Home Sales

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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!

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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 …