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Absorption Rate Analysis: November 2022 Underscores That the Success of Los Angeles Homes For Sale Varies Widely By Neighborhood

November’s Absorption Rates artfully illustrate the night-and-day diversity of markets around the Greater Los Angeles area. Those who have been following this column will easily recall how October showed all (but one!) neighborhood drop toward a buyer’s market. And this was after watching several neighborhoods continuously edge further into the seller’s favor. But November kep...

6 Money Wasting Ideas to Avoid When Remodeling a Kitchen

Kitchen remodels are always popular as this is usually everyone’s favorite place in the house. The pandemic increased home improvement projects even more as people embraced the idea of staying home over the past couple years. There is so much to be considered when remodeling a kitchen and if you aren’t careful, you can definitely go way over budget. While it’s super eas...

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No Plans for the Holidays? Check Out These 8 Options – Open Christmas Day!

Los Angeles treasure Sparks wrote the original anti-Christmas carol with “Thank God It’s Not Christmas” as part of their solid 1974 record Kimono My House. During the chorus, Russell Mael gratefully imparts, “Thank God it’s not Christmas when there is only you and nothing else to do.” But there are much worse places to be than LA during Christmas…...

Absorption Rate Analysis December 2022: “Surge” is the Word for Selling Houses in Los Angeles

If the end of 2022 is anything to go by, it’s certainly a happy new year for those selling houses in Los Angeles. The absorption rates for each of our neighborhoods surged deeper into a sellers market in December with the exception of one. Some of those surges were negligible. But one neighborhood made the most aggressive jump we’ve ever seen since we started tracking absorption rat...

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2023 Home Décor Trends – More is More!

2023 Home Décor Trends – Bring on the Excess! For the past few years, the common theme in the home décor space was ‘Less is More’.  This is not the case for 2023 home décor trends.. All of the home décor inspo social media pages were showcasing clean rooms with minimal décor.  Everything felt fresh and renewing.  There is no...

LA Public Safety Votes in Favor of Adding Robot Police Dog to LAPD

Well, we’re officially in the future. The Los Angeles Public Safety Committee voted on Tuesday, January 24 to approve the donation of a military-grade robotic canine to the Los Angeles Police Department. However, this doesn’t mean it’s a done deal. The approval must still clear a vote from the City Council. But given that the donated machine passed the committee vote with a la...

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Absorption Rate Analysis: January 2023 – Is the Los Angeles Housing Market Making Big Shifts or Treading Water?

At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...

8 Reasons Why We Won’t See Home Prices Dropping Anytime Soon

If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. His ...

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Absorption Rate Analysis: February 2023 – New Places, Same Housing Market

After last month’s dramatic (at least at first glance) absorption rates, February’s numbers seemed to move things back to a state of normalcy. Admittedly, “normal” for the Los Angeles housing market would still give a mechanical bull a run for its money. But our agents have learned to ride those bucks and dips without spilling a drop of their coffee. Though it was a much...

Absorption Rate Analysis: May 2023 – Surprise! More Seller’s Favor Surges

We hope you enjoyed last month’s drops (in all but two of our neighborhoods, anyway) closer to buyer’s territory. Because a good amount of those same neighborhoods are snapping right back up like a bungee cord, rocketing us even further into the seller’s favor. Sure, there are a couple of neighborhoods still powering on with the plummet. But if you thought the era of...