Market Updates

Houses in Beverly Hills are expensive due to its prime location, exclusivity, and limited land supply. Its proximity to entertainment hubs and high-end amenities attracts the wealthy. Zoning regulations maintain the neighborhood's character. However, the high cost of living and traffic congestion are downsides. Despite the high prices, Beverly Hills remains a highly sought-after real estate market. Continue to full article

Rent prices have slowed, with October being the 2nd consecutive month of declines in the national median rent price, reaching $1.9K.Asking rents ↓ in 3 of the last 6-mo, indicating a return to seasonal trends seen before the pandemic.

Home sales in Los Angeles ↓ 26.6% due to soaring mortgage rates. Luxury listings priced at $13.2M linger for 73 days on avg. Labor strife in the entertainment industry disrupts productions that often utilize high-end rental properties.

1.California grapples with the risk of wildfires and housing development in high-threat zones. 2.Arizona faces water scarcity and growth demands, forcing decisions on where to build homes. 3. New Jersey, densely populated and flood-prone, has shown success in limiting construction in high-risk areas for flood protection.

En octubre de 2023, 759.000 propiedades cambiaron de manos, una cifra inferior al promedio de 820.000 en 2020. Los datos superaron las expectativas de 683.000 unidades vendidas. La mediana de precios bajó a 418.000 dólares, mientras que el precio promedio disminuyó a 503.900. La tasa de créditos a 30 años alcanzó 7,63%, un máximo desde fin Continue to full article

Beverly Hills offers exceptional schools and a safe environment for families, but the high cost of living and emphasis on material wealth are drawbacks. Affordable housing options are limited. The city provides family-friendly activities and has highly regarded public schools. Ultimately, the decision to raise a family in Beverly Hills depends on individual priorities and financial circumstances. Continue to full article

The high interest rates of the Federal Reserve have impacted the housing market in the United States, making it difficult for first-time buyers. The residential and commercial sectors are affected differently, with the residential market stabilizing due to a surge in new home sales despite a shortage of old properties. The commercial sector is struggling with low occupancy rates due to remote work, and the rise in interest rates is… Read More »Los peligros a los que se enfrenta el mercado inmobiliario en EE. UU.: ¿cuáles son?