Jim Carrey is the latest victim of California’s housing freeze — LA mansion price drops by $7M – Yahoo Finance

Jim Carrey has cut the price of his Los Angeles home to $21.9 million–a staggering $7 million reduction. Jim Carrey has hacked the price of his long-time Los Angeles estate once again. The “Yes Man” actor, 62, initially listed his sprawling 10,954-square-foot Brentwood mansion for a hefty $28.9 million in February 2023. But the lavish […]

California median home price passes $900K, sets all-time high – KTLA Los Angeles

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Buying a home in Southern California? There are now more options – Los Angeles Times

For much of the past year, the Southern California housing market has been defined by an extreme shortage of homes for sale. The abnormal scarcity — compounded by the region’s long-running underproduction of housing — emerged when homeowners chose not to sell and give up pandemic-era mortgage rates. The so-called seller strike helped pushed home […]

West Hollywood penthouse condo sells for record-breaking $24 million, making it most ever paid for condo in LA area – KABC-TV

WEST HOLLYWOOD, Calif. (KABC) — If you thought California housing prices couldn’t get any higher, a recently sold condo’s price tag might surprise you. According to californialistings.com, a West Hollywood penthouse condo just sold for a record-breaking $24 million, making it the highest paid condo complex in the greater Los Angeles area. While the condo […]

All-cash offers, wealthy buyers push Southern California home prices to a record – Los Angeles Times

Southern California home prices hit a record in March amid sky-high mortgage interest rates, a combination that’s creating the most unaffordable housing market in a generation. The average for the six-county region reached $869,082 in March, according to Zillow. That’s up 9% from a year earlier and 1% higher than the previous all-time high in […]

California is building fewer homes. The state could get even more expensive – Los Angeles Times

Ken Kahan makes a living building homes. A specialty? Luxury apartment complexes in Los Angeles neighborhoods such as Palms and Silver Lake filled with mostly market rate units, but with a handful of income-restricted affordable ones as well. It can be a good business, but lately less so. “We have pulled back,” said Kahan, the […]

La Rosa Acquires Real Estate Brokerage Franchisee in California – WDRB

Launching La Rosa’s multi-level revenue share plan in California intended to empower realtors with a unique income stream Ninth franchisee that has been acquired since IPO Reaffirms target to generate $100 million of annualized revenue as a 2024 exit run rate Celebration, FL, March 20, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La […]

Realtors’ 6% commission on buying, selling homes eliminated: Here’s why – FOX 11 Los Angeles

Current real estate market conditions Toni Carter, the President of the Southwest Los Angeles Association of Realtors, breaks down the housing market shift. The National Association of Realtors (NAR) has announced a groundbreaking court settlement that will revolutionize the landscape of home sales in the United States. In a move expected to bring significant savings […]

Realtors agree to make commission changes in deal that could reduce costs for consumers – Los Angeles Times

The National Assn. of Realtors on Friday said it will make changes to its commission rules to settle national allegations the requirements stifled competition, a move that may reduce costs for consumers. The settlement, which still must receive court approval, could mark a major change in the housing market. Today, sellers typically pay a 5% […]

With Chicago transfer tax on 2024 election ballot, experts warn of impact of Los Angeles real estate transfer tax on market – WLS-TV

CHICAGO (WLS) — New questions are being raised on Monday night about the controversial ballot referendum to help combat homelessness in Chicago. And voters might learn a lesson from Los Angeles, where a similar referendum that passed in 2022 has had some unintended consequences. Just like in Chicago, the Los Angeles referendum was dubbed the […]

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