Tag Archives market

Buying Solo: Single Women Dominate the Housing Market

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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 …

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 …

Celebrity homes are a tough sell, says Redfin

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  Aerial view of Katy Perry’s home It turns out, real estate is tricky for everyone–even celebrities. In fact, according to a new Redfin study that compared 60 celebrity homes to other similar properties, celebrities may have an even tougher time in the market than us Normals. “We found that celebrity-owned homes tend to be bigger with more bedrooms and bathrooms, and they cost more per square foot than other abodes …

The McMansion’s Day Has Come and Gone

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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.” …

L.A. Rent Growth Slowing, Says Yardi Matrix

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It’s been a long time since the L.A. rental market slowed down its heretofore exponential growth. Fortunately for renters, September experienced its first monthly dip since November 2015. The average rental price now rests at $1,219–yep, one whole dollar less than August’s average. According to the Yardi Matrix Monthly report for September 2016, which measures 123 markets throughout the nation, rent prices grew 4.7 percent in September on an annual basis …