For several years, the state of California has faced a housing crisis, where rental and sale prices have climbed while wages have stagnated. In fact, a report from the California Housing Partnership Corporation (CHPC) found that median rent in Los Angeles County has increased 32% since 2000, while wages have decreased by 3% (adjusted for inflation). In 2014, Los Angeles Mayor Eric Garcetti called for 100,000 new housing units by 2021, …
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Should we be worried about Los Angeles’ rising sale prices? Read more to find out!
Hot off the press – our newest heat map compares the median sales prices of condos & co-ops from Q1-2016 to Q1-2017. Check out the stats, plus download the hi-res PDF version and share it with your clients.