Forecast | LA County Home Listings Blog

Wednesday, October 4, 2023   /   by Fahad Karamat

High-Tech High-Life: Revolutionizing LA Realty through Proptech!

Step into a realm where luxury and innovation intertwine, where the extravagant meets real estate's efficient, unfolding future! This week, indulge in the opulent transformation of bricks and mortar as we navigate the dazzling world of Proptech. Explore how this brilliant convergence of property and technology is crafting an exquisite symphony of experiences, operational brilliance, and sustainability, all under the radiant California skies!

Proptech: The Golden Key to Realty Revolution

Proptech, a glamorous concoction of property and technology, is the dazzling gem transforming how real estate is conceived, marketed, managed, and adored. It's the whisper of the winds of change in an industry known for its resilience to technological seduction.

Why Should the LA Elite Care?

LA's real estate magnates are reconceptualizing tenants as esteemed guests, embarking on a journey where real estate is more than bricks and mortar; it's a tailored service. Proptech is the compass guidi ...

  real estate, forecast, home tips, proptech, smart home

Wednesday, June 28, 2023   /   by Fahad Karamat

Respite on the Horizon: US Rent Prices Show Signs of Easing

Renters across the US, rejoice! Recent data from Realtor.com reveals a downward trend in median rent prices in May, breaking the persistent upward trajectory we've witnessed in the past years.


A Historical Dip


May's national median asking rent stood at $1,739, representing a slight monthly increase from April but, more importantly, a 0.5% dip from the previous year's May. This decline is noteworthy, marking the first of its kind since 2020, when Realtor.com started closely monitoring these trends.


Economist's Take


Danielle Hale, the Chief Economist at Realtor.com, perceives this decline as an early sign of fading rental-driven inflation. Hale optimistically points out that the blend of declining rents, easing inflation, and a robust job market spells a positive outlook for American households.


Rental Peaks and Troughs


The pandemic brought about unexpected turns in rental pricing. With "pandemic pricing" dominating 2020, rent soared in 2021 and early 2022 d. ...

  real estate, news, forecast, rent

Wednesday, June 21, 2023   /   by Fahad Karamat

The US Housing Inventory Crisis: A Deep Dive into Declining Numbers

The US housing market is in the throes of an unprecedented inventory crisis, the likes of which haven't been seen in over a decade. Homebuyers and sellers must brace for impact as these shifts could redefine the housing landscape.


Pandemic's Grip on Housing


COVID-19 has reshaped the housing narrative. With 2.2 million homes up for grabs in May 2019, today's scenario - 1.4 million - shows the depth of the pandemic's blow. The volatility from the health crisis deterred many from putting their homes on the market, leading to a drastic inventory plummet.


Mortgage Rates: A Double-Edged Sword


The buying spree of 2020 and 2021, fueled by historically low mortgage rates, ended up exhausting the already strained housing stock. But as rates rose, topping 6.43% this May, homeowners clung to their prized lower rates, further shrinking the available inventory.


A Mirage of Stability in Housing Prices


Despite the inventory and rate challenges, housing prices are holding . ...

  real estate, buyers market, buying a home, forecast

California Platinum Realty
Fahad Karamat
6303 Owensmouth Ave 10th Floor
Los Angeles, CA 91367
818-835-0848
CA DRE # 02007521
NMLS # 1597279

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Based on information from the Golden Empire MLS, Inc./Association of REALTORS® as of May 24, 2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021.
Based on information from California Regional Multiple Listing Service, Inc. as of May 24, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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