Rinde Philippe 5/9/23 Rinde Philippe 5/9/23

Why the Current Housing Market Is Not on the Verge of a Crash

Despite past economic downturns and housing crises, the current housing market is showing remarkable resilience. By examining demographic trends, lending standards, and inventory levels, we can see how the market is evolving and growing in new and exciting ways.

Rinde Philippe 4/30/23 Rinde Philippe 4/30/23

Brentwood, 90049 Housing Market: April Sales Report

The Brentwood, 90049 housing market has been a hot topic for many years. The city's high demand for real estate has caused prices to soar, making it one of the most expensive places to live in the United States. This week, we look at the median list price for Los Angeles, CA 90049 - Brentwood, currently at $6,574,500 for single-family residences.

Rinde Philippe 4/25/23 Rinde Philippe 4/25/23

"Spring Housing Market 2023: A Sweet Spot for Sellers" - What the Experts Are Saying

Timing is crucial when selling your home, and it's important to consider both financial and personal factors. With the right expert advice, understanding of market conditions, and effective preparation strategies, you can successfully navigate the seller's market and make the most of the current real estate landscape.

Rinde Philippe 4/12/23 Rinde Philippe 4/12/23

Los Angeles Real Estate Data

Jordan Levine, C.A.R.'s Vice President and Chief Economist, warns that high inflationary pressures will result in elevated mortgage rates, reducing purchasing power and depressing housing affordability in the upcoming year. A pullback in sales and a downward adjustment in home prices are expected in 2023 due to high borrowing costs. Additionally, low inventory and rising mortgage rates caused by inflation may impact sales activity. The recent implementation of Measure ULA, also known as the "mansion tax," is expected to bring a substantial transfer fee to the luxury real estate market of $5 million or over in Los Angeles. However, the long-term impact of this measure is still uncertain. Despite properties selling quickly in Los Angeles County, sales of existing single-family homes have decreased by 38.2% YoY. If you want to purchase a home in LA, be prepared to spend a little more than the asking price.