Market Updates

Los Angeles County has 18 of the top 100 most expensive ZIP codes for renters in the US. The average rent for two bedrooms is $5,464 and for one bedroom is $3,431. Assuming one-third of income is spent on rent, households would need salaries of $197,000 and $124,000 for larger and smaller units, respectively. Southern California also has 33 of the most expensive ZIP codes for homeowners. The costliest ZIP… Read More »Los Angeles County has 18 of the nation’s priciest ZIP codes for renters

Median price of single-family homes: $840K Price change: ↓ 0.4% MoM, and ↑ 5.3% yearly Sales change: ↑ 0.3% MoM, and ↓ 11.9% yearly

Reimagining Home Ownership In Santa Clarita: How 203k Refinance Programs Shape Local Real Estate Continue to full article

Qualified landlords can receive up to $30,000 per rental unit for past-due rent and eligible expenses dating from April 1, 2022, to present. Continue to full article

California's buyer’s market faces dwindling home supply, moving toward a negative loopReal Estate's rule of thumb: 6-mo's supply favors buyers, 3-mo’s, sellersLate-Q3 saw a seller’s market with a mere 2.8-mo of housing inventory.

Housing prices in Southern California are showing some relief for prospective buyers. The median price of a single-family home in the state has decreased by 0.4% from September to October. Ventura County saw the biggest drop in prices, with homes selling for 6.6% less. Los Angeles and Orange counties also experienced significant price drops. However, Orange County remains one of the most expensive areas to buy a home. In contrast,… Read More »Home prices starting to fall in parts of Southern California, data suggests

California Realtors add $500K, raising total grants to $2M, aiding first-time buyers in underserved areas. The program offers up to $10K to first-time homebuyers earning 120% or less of the Area Median Income.

Los Angeles County launched a $46.3M rent relief initiative. The program will make grants available to small landlords, up to $30K/unit. The program will cover expenses incurred from April 1, 2022, to the present.