Los Angeles Home Market Hitting High Notes But Tempo Slowing

MarketWatch

By Edward Fitz

“Don’t Worry, Be Happy . . . ” Bobby McFerrin wrote and sang those rosy words, and created a No. 1 hit in 1988. And those same words are what I’d love to say about the Los Angeles residential real estate market in 2017. But the truth is, I’m just not entirely sure it’d be accurate. And we may not know for a while. The city certainly continues to experience some banner-worthy transactions, having just closed out a year in which we had our first two $100,000,000+ residential sales (my firm repped either buyer or seller in both transactions.

Read More

Previous Affordable Housing Is Now a Middle-Class Crisis in California
Next The Vanishing San Diego Single-Family Home

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

How a Return to Multigenerational Living is Shifting the Housing Market

Shifts in senior living, immigration, and affordability have brought extended families together under the same roof

Housing Market

5 Risks to the Housing Market Recovery

While most prognosticators are predicting improved housing market conditions in 2015, there are still some risk factors which could derail the recovery. In the following article, five potential obstacles to