News | LA County Home Listings Blog

Wednesday, February 7, 2024   /   by Fahad Karamat

Forecasting the Future: What's Next for LA Real Estate?

As the Los Angeles skyline twinkles under the setting sun, the real estate market stands at a crossroads, looking toward a future filled with both promise and uncertainty. With a blend of cautious optimism and strategic foresight, this analysis ventures into what 2024 holds for LA real estate, navigating through the confluence of economic recovery, evolving market dynamics, and the ever-present housing conundrum.


Economic Tailwinds and Market Recovery


The anticipation of economic expansion and falling mortgage rates paints a cautiously optimistic picture for 2024. Despite the lingering shadows of a housing shortage and the aftershocks of high borrowing costs, a modest recovery in home sales and prices is on the horizon, suggesting a gradual return to equilibrium.


The Dichotomy of Regional Markets


LA's diverse tapestry extends to its real estate, with significant regional variations in housing prices and sales trends. While some areas bask in the glow of price apprec; ...

  real estate, news, economy

Friday, September 15, 2023   /   by Fahad Karamat

LA's Apartment Boom Amidst The Housing Crisis: A Glimmer or Just a Glitch?

While the Hollywood sign might have you dreaming of stars, Greater Los Angeles is now shining in another domain: apartment completions. However, even as the City of Angels ranks seventh nationwide in new large apartment unit completions, the state's overwhelming housing crisis casts a gloomy shadow.

Apartment Supply Wave in Greater LA

According to a recent RentCafe and Yardi Matrix report, LA is poised to roll out over 14,000 apartment units in substantial constructions this year. While this might sound like a lot, a deeper look reveals that LA trails behind cities like New York, which tops the list with an astounding 33,000 new units, and Dallas, making a splash with around 23,700.

A Pandemic-Inspired Construction High

If there's one upside to the pandemic, it's the surge it prompted in the construction sector. The report highlights that the US has witnessed the introduction of 1.2 million apartments in the previous three years. 2023 seems to continue this trend, dubbed a . ...

  real estate, news, apartment building, construction

Thursday, September 14, 2023   /   by Fahad Karamat

When Nature's Fury Meets Insurance's Cold Shoulder: The Golden State Feels the Burn

In the world of high-stakes real estate, where the glittering allure of oceanfront mansions meets the breathtaking ruggedness of California landscapes, a new tempest brews – and it's not just the ones Mother Nature sends. For the discerning Californian, insuring their coastal jewel or hillside haven is becoming as elusive as an affordable Malibu beachfront. Grab your surfboards and financial spreadsheets; let's ride this wave of insurance woes.

The Rising Premium Tide

As climate change sends more frequent VIP guests like Hurricane Idalia to Florida's doorsteps and Maui's wildfires leave behind scorching bills, insurers are adopting the "better safe than sorry" mantra. While they pack their bags from hard-hit areas, property owners, especially those on a tight budget, feel the pinch.

As Michelle Norris from the National Church Residences notes, an alarming 400% spike in insurance costs over half a decade paints a grim picture. It's like watching your dream Malibu property. ...

  real estate, buying a home, news, home insurance

Friday, August 25, 2023   /   by Fahad Karamat

Steering Through Inflation: Powell's Game Plan for the Economy

Lights, Camera, Jackson Hole! Another year, another headline from the Kansas City Fed's annual retreat. Last year, Powell cautioned us of some "economic turbulence." This year, he's brought a financial compass ready to steer the economy through its stormy inflation waters. Let's dive in.

A Quick Flashback

Remember Jackson Hole 2022? Powell swung his monetary bazooka, and Wall Street felt it deep. But this year, the tone was different. Not the celebration-with-fireworks kind, but certainly not the lock-yourself-in-the-bunker type either. It's more of a "we're on the right path, but let's not get too comfy" situation.


The Inflation Conundrum

Despite some progress, inflation remains that one party crasher nobody invited. It's still looming larger than what our policymakers would like. But here's the silver lining - the economy is strong like, 'haven't-seen-this-since-the-60s' strong. This means there's reason to be optimistic even as we grapple with inflation. As Powell artf. ...

  news, mortgage

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

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Fahad Karamat
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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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