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

L.A. City Council approves development fee to raise money for affordable housing

The Los Angeles City Council voted Wednesday to impose a new fee on development to raise millions of dollars a year for affordable housing as the city copes with rising rents and surging homelessness.

Housing Market

OC Leads Southern California in Housing Market Health

Among the six Southern California counties, Orange County seems to be in the lead in overall housing market health. The median price of a home in the county was at

Housing Market 0 Comments

Are High Prices Killing Sales?

Anybody in the trenches of the housing market can attest to 2014 being a lackluster year across Southern California with limited exceptions. This article in LA Curbed talks about the