Los Angeles Times: Bay Area leads charge on fixing housing crisis. Will it work for the rest of California?
By Liam Dillon
California lawmakers have unveiled a far-reaching package to stem the state’s housing affordability crisis, including new protections against surging rents and evictions as well as more apartments near public transit and in coastal communities.
The proposals could reshape the state’s housing landscape — and they all come from Bay Area politicians.
The Inquirer: Coliving is proposed in Philadelphia; here's how it's working in California
By Roger Vincent, Los Angeles Times
The first step into a posh new apartment building near Marina del Rey in Los Angeles County, Calif., feels like a mistake. There’s no lobby — instead, the door opens to a lounge and kitchen. The idea is to encourage mingling, which is part of the appeal of a building where tenants have their own bedrooms but share common areas with people they don’t know.
ABC 7 Eyewitness News: Los Angeles named 1 of worst cities nationwide for first-time homebuyers
By Rob Hayes
LOS ANGELES (KABC) -- Southern Californians may love their weather and beautiful scenery, but good luck buying your first home. A new study released by Bankrate.com shows Los Angeles is one of the worst metro areas for first-time homebuyers.
Curbed LA: LA rents rising at slowest pace in five years
Apartment prices may have grown “about as high as the market can bear”
By Elijah Chiland
It’s not just home values leveling off in Los Angeles.
Long Beach Business Journal: Home Prices Expected To 'Soften,' But Other Sectors Remain Healthy
By Brandon Richardson, Senior Writer
Continued low interest rates are keeping residential and commercial real estate markets healthy, according to local experts and economists, who noted rates did not increase as expected last year. Sales and leasing activity is increasing across all property types. The exception is the single-family market, which has experienced decreasing sales and increasing inventory in recent months.
Los Angeles Times: Home Sales Plunge in Southern California to Lowest Level Since 2007, as Prices Inch Up
By Andrew Khouri
The housing market’s chill grew colder in December, as sales plunged across Southern California and home prices barely rose.
The number of closed deals fell 20.3% compared with a year earlier, hitting the lowest level for a December since the start of the Great Recession and marking the sharpest percentage drop since 2010, according to a report out Wednesday from CoreLogic.
Business Times: How Some Investments Are Still Better During Recession than Others
By Gerome Lucas
The recessions during the 2000s are still fresh in the minds of real estate investors and those who lost their properties during the period. The US managed to recover, particularly the housing market, but the concerns are still there. Mansion Global cited that homeowners and property investors still prefer to remain cautious, resulting in the slowdown of the real estate market.
Mansion Global: Real Estate Investments Are Never "Recession-Proof," but Some Are Safer Than Others
Factors like scarcity in the market, location and plot size insulate properties from market changes
By Alanna Schubach
Real estate investors and homeowners who were hard hit by the recession of the late 2000s—and those disappointed by the cooling of luxury markets around the world last year—naturally want to find that elusive investment that’s guaranteed to offer returns amid economic fluctuations.
Los Angeles Times: Is winter coming for Southern California's housing market? Sales are falling and price cuts are more common
Is winter coming for Southern California’s housing market? Sales are falling and price cuts are more common
By Andrew Khouri
A chill is settling over the once white-hot Southern California housing market.
Listings are up. Sales are falling. Price reductions are becoming more common.
ABC7 Eyewitness News: ‘Yes’ and ‘No’ on 10 campaigns warn affordable housing is at stake
‘Yes’ and ‘No’ on 10 campaigns warn affordable housing is at stake
By Anabel Munoz
Yes and No on Prop 10 ads are looking to sway voters - and both warn affordable housing is at stake.
At a rally in downtown Los Angeles Wednesday morning, a coalition of supporters made a case for a "Yes" vote.