Investors continue to command a meaningful share of U.S. home purchases, even as higher mortgage rates and softer demand slow the broader housing market. While large institutional buyers once dominated the market,... Read more »
Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The addition... Read more »
© AndreyPopov – iStock/Getty Images Plus “AI will take your job… but to the next level!” This is the most accurate observation I’ve seen about generative artificial intelligence. AI is not taking... Read more »
The second half of 2023 and the first part of 2024 included moderation from the Federal Reserve Board with respect to interest rates. The effects of the interest rate run-up continue to... Read more »
Los Angeles County Superior Court Judge Curtis Kin has ordered the City of Beverly Hills to stop issuing building permits for anything but new residential developments — putting a hold on everything... Read more »
Southern California’s luxury real estate market never sleeps. But this past year, it collectively caught its breath. Luxury sales slowed down in 2023 — a combination of soaring interest rates, a newly... Read more »
During a year when many institutional investors pulled back from the office market, two familiar names were involved in this year’s priciest office sale in Los Angeles. JPMorgan took the cake this... Read more »
First American Financial suffered a cyber attack on Thursday morning, forcing the title company to shut down its website and some of its systems. The company confirmed the attack in a website... Read more »
A mansion at 802 Foothill Road in the Beverly Hills Flats traded for $24.2 million on Dec. 15., according to listing sites. The 17,000-square-foot home on more than half an acre ranked... Read more »
For the fourth consecutive month, homebuilder confidence sank in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index published last week. The pessimistic streak is especially notable given... Read more »