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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 ...
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.
Housing prices have been increasing for the past decade, with median home values soaring to record highs in 2021. While the market has cooled slightly, high mortgage rates and low inventory have ...
Will housing sales decline? The volume of home sales has continued to soften over the course of 2024: Existing-home sales in September were down by 3.5 percent from last year.
A major cause of high housing costs in Silicon Valley is expansive job growth without adequate housing production. [7] In 2018, close to 36,000 new jobs were created in the area (34% of which were tech jobs); only 8,400 new residential units were issued permits. [3] While high paid tech workers can generally afford to live in the region, others ...
The Housing Authority of the City of Los Angeles (HACLA) is a state-chartered public agency. Established in 1938, HACLA provides the largest stock of affordable housing in the city Los Angeles, California and is one of the nation's oldest public housing authorities.
Even before the fires, L.A. needed to build 450,000 affordable housing units by 2029 just to meet demand, according to numbers from L.A. County. On average a new apartment building takes four ...