Los Angeles Housing Indicators

Los Angeles Housing Indicators

Los Angeles housing indicators   Los Angeles County, hit hard by the 2008 recession, is nearing a housing recovery. Most importantly, Los Angeles finally recovered all jobs lost during the recession at the end of 2014. Until 2015, the housing recovery had been driven primarily by investors in Los Angeles County. But expect the housing […]

High prices hold back California home sales volume

High prices hold back California home sales volume

35,900 new and resale home transactions closed escrow in California during October 2016. In step with the seasonal sales cycle, this is 9% below a month earlier when 39,300 sales closed. More significantly, the number of homes sold in October 2016 was 7% below a year earlier, amounting to 2,600 fewer sales. 2015 ended with 450,700 home sales […]