Prices are now 1.5% off their all-time high in July, but some economists say prospective home buyers and sellers shouldn’t expect home values to plunge — one reason behind the shift is the market typically slows in the fall and winter and prices are still above where they were a year ago.
The most competitive markets this year share characteristics such as relative affordability and “supply that trails demand,” according to Zillow. Taking the top spot in the ranking is Buffalo, New York, followed by Indianapolis and Providence, Rhode Island.
Zillow is introducing climate-risk estimates for home listings, which could impact home buyers' decisions and lead to increased construction of more resilient homes.
High-end grocery chain Erewhon, known for its celebrity collaborations and clients in LA, is opening three new Southern California stores.
A new study by a tenant advocacy group shows a major increase in rent prices across the Los Angeles area during Southern California’s recent wildfires despite laws preventing price gouging
Some landlords are hiking prices beyond the 10% the law allows. Some listings have increased thousands of dollars a month.
What made the wildfires devastating was their path through the Palisades, where home values hover around $3.4 million and aging structures were tightly packed in a recognized high-risk fire zone.
A Sacramento-area suburb is among the fastest growing wealthy suburbs in the nation, according to GoBankingRates. The personal finance website recently ranked the 30 fastest growing wealthy suburbs in America, comparing developing neighborhoods based on household income, home value and more.
The agent allegedly offered a Glendale home to a family displaced by the Eaton Fire for more than 50% above the listed rent. She denies the allegations.
The City Council will consider a package of tenant protections — including the possibility of enacting a one-year freeze on increasing rent — with the aim of preventing evictions of residents who were displaced or impacted by the multiple fires that burned Los Angeles.
California Attorney General Rob Bonta has filed new price-gouging charges against a real estate agent accused of trying to rent a Glendale home for more than 50% above the property’s listed rent after fires destroyed thousands of homes in Los Angeles.
Redfin chief executive Glenn Kelman said one of his agents lost her home to the fires that tore through Los Angeles. She found a home for rent, listed at $5,600 a month, he said. But when she called, the landlord had nearly doubled the price to $11,000 a month. So she drove down the southern California coast to search for a hotel in Orange County.