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Housing Affordability in California Edged Up in Late 2017

Housing Affordability in California Edged Up in Late 2017

According to the California Association of Realtors, after hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017. Read More »


Over $1.5 trillion Worth of Homes at Risk of Wildfires in U.S.

Over $1.5 trillion Worth of Homes at Risk of Wildfires in U.S.

According to new Redfin research, wildfires threaten $1.5 trillion worth of homes in the United States, representing a disproportionately large portion (7.7 percent) of all U.S. housing values. Read More »

55+ Housing Market Ends 2017 on Record High in U.S.

55+ Housing Market Ends 2017 on Record High in U.S.

U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008. Read More »

U.S. Housing Markets Nationwide Close Out 2017 With Dip in Sales

U.S. Housing Markets Nationwide Close Out 2017 With Dip in Sales

According to the National Association of Realtors, existing U.S. home sales subsided in most of the country in December, but 2017 as a whole edged up 1.1 percent and ended up being the best year for sales in 11 years. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated February 14, 2018 8:07 AM ET

Los Angeles Property News

According to the California Association of Realtors, amid the lowest housing inventory levels in more than 13 years, California existing home sales still eked out a year-over-year gain, while the median sales price posted a solid annual increase.

The National Association of Home Builders reported this past week their NAHB Remodeling Market Index posted a reading of 60 in the fourth quarter of 2017, up three points from the previous quarter and only the second time since 2001 the reading has reached 60.

According to Zillow, the total value of all homes in the United States in early January 2018 is now $31.8 trillion after gaining $2 trillion in 2017. The cumulative value of the U.S. housing market grew at its fastest annual pace.

According to the American Institute of Architects, even with the uncertainty related to recently signed tax reform legislation that likely will have a mixed effect on the construction industry, design services at architecture firms remains in high demand.

California Realtors are not happy with the GOP's most recent version of the tax reform bill now up for vote this week. "The final tax reform bill released punishes homeowners and weakens homeownership"

Strong international investor appetite for logistics real estate fueled by e-commerce growth and demand for last-mile logistics, combined with an abundance of institutional capital in the global market, is driving increased investment...

A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value (RCV) of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires.

California's home sales lost momentum in October 2017 to post the first back-to-back annual sales decline in more than a year as a stubbornly low supply of available homes for sale continued to plague the market.

San Francisco, which has been the nation's least affordable housing market for nearly five years, was supplanted by Los Angeles in the third quarter of 2017.

According to the California Association of Realtors, California pending home sales dwindled for the third consecutive month in September 2017, suggesting that the housing market will slow as the end of the year winds down.

According to CBRE, Tokyo, New York and Los Angeles are the world's largest commercial real estate investment markets, with the global stock of investable commercial real estate assets standing at $27.5 trillion.

According to CBRE, strong fundamentals, growing sophistication of logistics facilities and e-commerce growth has led to a surge in foreign industrial investment in the U.S.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.

With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018

According to a new report by Zillow, federal housing vouchers in the U.S. for low-income renters are too low to cover the market rent in many of the nation's job centers - making them unusable for millions of renters seeking assistance to cover housing costs.

According to a report by real estate consultant JLL and The Business of Cities, London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul are among the seven most competitive cities in the world.

According to Zillow, holding onto your home for a long period of time over the last decade meant a serious return on investment, especially in some of the nation's hottest housing markets.

According to Zillow, nearly one in 20 residential ZIP codes in the U.S. meets the definition of a $1 Million Neighborhood, meaning at least 10 percent of the homes there are worth seven figures or more.


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