Now don't get too excited, potential SoCal homebuyers, but April's housing prices saw the smallest increases since September 2012, according to the latest numbers from DataQuick. The median price only increased 13.2 percent (to $404,000), also the smallest jump since September 2012.
Richard Green, director of USC's Lusk Center for Real Estate, said he also doesn't expect a downturn, but neither does he see much price appreciation.
"Prices now are about where they should be — given how high rents are in Los Angeles," he said.
New York’s housing supply has long struggled to match demand, but especially since 2008, when the recession and the freezing of mortgage markets caused the number of permits issued for new residential units to fall. Fewer permits have been issued since 2010 than in 2008, even as the number of households has grown by roughly 85,000.
Here's the new information the CFPB wants to collect:
Developers are struggling to keep up with the influx of new residents. Although more than 5,000 apartments are under construction downtown, with another 13,000 proposed, new condo inventory is at record lows, with fewer than 30 new condos currently available for sale in the area, according to real estate consultant Alan Mark, down 82% compared with a year ago.
Today, developers are struggling to keep up with the influx of new residents. Although more than 5,000 apartments are under construction downtown, with another 13,000 proposed, new condo inventory is at record lows, with fewer than 30 new condos currently available for sale in the area, according to real-estate consultant Alan Mark, a drop of 82% compared with a year ago. Prices, meanwhile, are up 8%.
Data firms that include RealtyTrac, Zillow, DataQuick, Redfin and CoreLogic produce a host of housing market reports – distributed for free to the news media – to promote themselves.
Businesses are more likely to think of them when they need information about a particular deed or mortgage, or when buying data on specific markets or acquiring automated valuation models.
“The PR benefit is very large,” said Richard Green, director of the University of Southern California’s Lusk Center for Real Estate.
Data firms that include RealtyTrac, Zillow, DataQuick, Redfin and CoreLogic produce a host of housing market reports – distributed for free to the news media – to promote themselves.
Businesses are more likely to think of them when they need information about a particular deed or mortgage, or when buying data on specific markets or acquiring automated valuation models.
“The PR benefit is very large,” said Richard Green, director of USC’s Lusk Center for Real Estate.
Even with the buzz that SBE’s involvement may bring to the Grand Avenue project, the complex’s success is far from assured. A slowdown of the local economy during its long construction timeline could hurt the development, as might its distance from the more popular parts of downtown Los Angeles.
After an international bidding war, a Westside mansion often described as a French palace has changed hands for $102 million, making it the most expensive residential sale ever recorded in Southern California...
Adding to the competition for such trophy estates is the fact that the Los Angeles-area housing supply is constrained by its geography, said economist Gary Painter, director of research for USC's Lusk Center for Real Estate. In this built-out environment there are few estates with acreage from which to choose.