Tag Archives housing

The Latest on LA’s Housing Crisis

By Posted on 2 min read 33 views

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, …

NEW Alpha Release 3.0!

By Posted on 1 min read 21 views

The MLS™ is proud to announce the newest version of the Alpha Listing Search: Alpha Release 3.0. The Alpha Release 3.0 offers a variety of new features, including a revamped Member Dashboard, an updated Contacts section, and (of course) the Listing Search itself. The new Member Dashboard Contacts page New “Add Contact” module Keep an eye out for upcoming new features, like Saved Searches, Open Houses, Membership Info, and more. In …

Buying Solo: Single Women Dominate the Housing Market

By Posted on 1 min read 468 views

The National Association of Realtors (NAR) released their annual Profile of Home Buyers and Sellers last week, and, as always, provided a fascinating look at the market. One of the most interesting bits of data involves all the single ladies out there–apparently, they’re making up a huge chunk of the real estate scene, reports TPG website. According to the report, single women were responsible for 17 percent of total home purchases …

Was Election Day a Win for Realtors?

By Posted on 4 min read 61 views

It’s pretty clear that everyone has an opinion on the outcome of the presidential election. (Check any Facebook feed and that much is obvious.) But, for the nation’s 1.2 million Realtors, down-ballot voting played a big part in whether or not they were able to celebrate last Tuesday. And, from the looks of it, celebration is in order. According to Jerry Giovaniello, the National Association of Realtors’ senior vice president of …

What Do Millennial Buyers Look For in an Agent?

By Posted on 3 min read 20 views

Millennials, right? Everyone seems to have advice about them–how to appeal to them, what they want, how to make them stop inventing new slang–but no one really seems to know much about what makes them tick. Thanks to a comprehensive report from Zillow Group, agents now have a little more insight into that coveted 18-34 age group (at least in regards to real estate). According to the report, all of the …

Q3-2016 Market Climate Map: Sales Volume for Single-Family Homes

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The Q3 stats are in and, as per usual, our climate map has some revealing insights into Los Angeles’s neighborhoods to look out for going into the new year. The area that by far experienced the biggest overall increase in sales volume? Monterey Hills, with a whopping 138% increase in the sales volume of single family homes. The small community, which sits four miles ENE of Downtown Los Angeles, is experiencing …

Your neighborhood can affect your prosperity, says Trulia

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Dress for success? More like address for success. It turns out that the country’s priciest housing markets have appreciated two times faster than homes in the country’s least expensive markets over the last 30 years, according to a Trulia report released Wednesday. Three decades ago, the most expensive neighborhoods held an average home price of $127,058–144% higher than the least expensive markets’ average home price of $52,022. But in 2016, the …

The McMansion’s Day Has Come and Gone

By Posted on 4 min read 21 views

By Gail Marks-Jarvis (TNS)—When Dr. Kishin Ramani decided to sell his six-bedroom, Georgian-style home on a half-acre lot in an affluent Chicago suburb three years ago, it never occurred to him that he’d be resigned to accepting far less than he paid when he bought the home in 2005. Ramani was immediately drawn to the home, built in 2003, because “it was gorgeous and airy, with the highest ceilings I’d seen.” …