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A law barring monthly rents of more than $10,000 for new listings is stopping high-end homes from going on the market, real estate agents and brokers say. Such homes could be in demand for wealthy ...
California Gov. Gavin Newsom has extended emergency orders that prohibit such price hikes of more than 10% in Los Angeles County through March 8, 2025. The restrictions apply to existing tenants ...
Landlords caught price gouging in Los Angeles County during the wildfire crisis now face fines as high as $50,000. Board of Supervisors voted to increase the maximum penalty to $50,000 from ...
In 2017, the median price of a home in California was more than 2.5 times the median in the U.S. as a whole, and in California's coastal urban areas, the shortage was greater than the inland areas, as demonstrated by the median prices of homes in those respective markets: $1.3M in San Francisco, $1M in San Jose, and $600k in Los Angeles, while ...
In 2024, the California Housing Partnership reported nearly half a million low-income households didn’t have access to an affordable home, adding Los Angeles renters need to earn $48.04 per hour ...
Homeowners are trimming prices to revive buyer interest, which has dropped off amid record price highs and elevated mortgage rates. The median home price fell 1.3% year-over-year, hitting $429,990.
Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding mortgages that exceed the value of their homes. [ 32 ] 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at December 31, 2010. [ 33 ]
Los Angeles County already had a shortage of 500,000 units, and more than half of tenants spend more than a third of their income in rent. There have been reports of price gouging, in violation of ...