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Financial Markets

LA’s Luxury Market Update

Change is constant and it appears as though change will continue to move at an exponential rate henceforth.  And yet, Real Estate is still the best hedge against inflation.  The stock market, crypto currency, regional banks, commodity prices,...

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Measure ULA Tax Update

LA voters passed Measure ULA (only 512k to 374k votes) in November 2022 which imposed a new “Homelessness and Housing Solutions” transfer tax on all real estate sales transactions in the city over $5 million. Though it is commonly referre...

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Q2 2023 Hancock Park Market Update

Even with a writer’s strike many offers were written in Hancock Park as the imbalance of supply relative to demand and demographic trends are keeping our market dynamic and strong. Multiple offers continue for the most prized locations and ma...

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A Decade of Undersupply Forecasted

According to economist Danielle Hale, housing affordability is not expected to improve for prospective home buyers in the near future. This is primarily due to the high cost of borrowing and a lack of available homes on the market. ...

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1031 Exchange Tip

Attention Investors: Anxious about finding a suitable replacement property for your 1031 exchange in time, especially in today’s low inventory environment? Check out DTS products (Delaware Statutory Trust) which are investment grade proper...

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June 2023 Market Update for Hancock Park

Even with a Writer’s Strike many offers were (and are being) written in Hancock Park. Multiple offers continue for the most prized locations and many are still offering cash. For the month of May there were 9 sales down from 18 in M...

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California Real Estate Market Update & Forecast

The California Association of Realtors releases its 2023 housing market forecast. Each neighborhood has its nuances but overall, the market is 'normalizing' after a fierce last 2 years. The Hancock Park real estate market continues to be act...

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Proposition 19 latest update

From the California Association of Realtors - December 1, 2020 Prop 19 allows a homeowner who is 55 years of age or older, severely disabled or whose home has been substantially damaged by wildfire or natural disaster to transfer the taxable...

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Propositions 5 and 10

A perspective from the California Association of Realtors (CAR) Two initiatives on the statewide ballot this November could dramatically affect housing opportunities, private property rights, and the availability of affordable housing. The f...

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