#la-county-residential-market

#la-county-residential-market

"Today's increase is significant, but it doesn't mean the labor market is back on track or growing robustly. The gains are highly concentrated in a few industries, not broad-based across the economy."

Los Angeles County's population has now dipped to just under 9.7 million, marking a continuation of a steady slide for the nation's most populous county. The raw number of departures is eye-catching, but experts say the broader trend may be even more concerning: fewer people are coming in to replace those who leave.

Ginsburg stated that treating builder business as a core pillar rather than a side channel reflects a broader industry shift. He believes a healthy balance of builders should be around 15% to 20% of the overall retail book of business.

Indian Hills Ridge is a development of CoastFed Properties, formerly the Mayer Group. Construction has begun on four models at Indian Hills Ridge, a 66-acre project east of Yosemite Avenue and north of Flannagan Drive in northeast Simi Valley.

My house is my history book. Like a wise grandfather, this splendid relic of 1903 has been teaching me about the city that adopted me 15 years ago. The old place has watched Los Angeles grow from just over 100,000 to more than 3 million. It was here before the movies, before the aircraft plants, before the car dealers.

This is monumental for the city.

Roughly one in six California houses is owned by someone who doesn't live there but investors' market clout varies across the state. That's what my trusty spreadsheet found after reviewing a BatchData report that found investors of all sizes own 1.28 million houses statewide 17% of California's supply of houses and townhomes. Investors in this study include everything from giant companies controlling thousands of houses to folks with a small collection of rentals to short-term rental operators to people with a second home.

In 2021, during the peak of the pandemic housing market that saw L.A. home prices skyrocket, The Times compiled a list of the newest neighborhoods to join the proverbial "million-dollar club," where the typical single-family home value is above $1 million. Five years later, plenty more have made the cut. Whereas the previous group featured trendy L.A. neighborhoods (Echo Park, Highland Park), South L.A. enclaves (Crenshaw, Leimert Park) and slices of the San Fernando Valley (Porter Ranch, Woodland Hills),

In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices.