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.
About author
You might also like
Economist Warns That Buyers Face Increasing Troubles
From a broad view, the U.S. housing market looks very healthy. Demand is high, employment and wages are growing, and mortgage rates are low.
California Housing Markets are Starting to Stall
According to data compiled by the California Association of Realtors, California’s housing markets are showing signs of stalling.
Sales Pace Surge and Price Appreciation in SoCal
The strong start to the year in the Southern California housing market continues to be borne out by the data. The median home price in Southern California climbed to $425,000
