Los Angeles Real Estate News
Los Angeles
Despite 2020 COVID Outbreak, U.S. Home Sales Enjoyed Most Activity Since 2006
Existing U.S. home sales rose in December, with total home sales in 2020 reaching their highest level since 2006. Activity in the major regions was mixed on a month-over-month basis, but each of the four areas recorded double-digit year-over-year growth in December.
Austin Predicted to be Hottest U.S. Housing Market of 2021
Zillow research is predicting that Austin, Texas will be America's hottest housing market in 2021, leading a list of mostly Sun Belt cities expected to continue heating up faster than the nation's large coastal markets.
California Home Sales Set 15-Year Record in November
Despite ongoing Coronavirus lockdowns for months in California, home sales remained high in November 2020, breaking the 500,000 sales benchmark for the first time since January 2009. This is the highest sales level in 15 years, says the California Association of Realtors.
Million Dollar Cities in U.S. See Massive Surge from 2020 Pandemic
According to Zillow, although the typical value of a home in the United States is about $263,000, the number of "million-dollar cities" spiked sharply in 2020.
