Housing prices in greater Los Angeles rose 4.8% from the prior quarter while sales improved by 6.5% with houses staying on the market an average of five days. The median price for a housing unit (houses and condos) was $938,000 during the second quarter. Total sales in the quarter was 2,865.
With a shift from a seller’s market to a buyer’s market, Redfin sees a potential pick-up in sales volume to finish out the year. Here’s why. Read more
Nobody needs to be reminded that homebuilding is a highly cyclical business. However, each cycle also has its own characteristics, nuances and trajectories. Certainly, our most recent cycle, which both
By John McManus Are rising interest rates eroding demand momentum? It’s really tough to do the math, because cause-and-effect doesn’t come purely into play, and even correlations are hard to
