California Los Angeles

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 doesn’t come with its own front yard, it does include a wraparound terrace, 24-hour concierge service and more than 6,400 square feet of living space. Record-breaking home prices in SoCal making it difficult for buyers…

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California

Woman berates wealthy California tech workers for moving to her city and inflating its housing market: ‘Real e – Daily Mail

Dani, an Austin native, lambasted those who fled to the city during the pandemic She claimed they bought up cheap houses and rented or ‘flipped’ them to profit Home prices in Austin remain near record levels despite seeing a drop this year By Mackenzie Tatananni For Dailymail.Com Published: 19:34 EDT, 7 May 2024 | Updated: 19:35 EDT, 7 May 2024 A TikTok user lambasted California tech workers for invading her city, leading to inflated prices and a low supply of homes. In a clip that has racked up over half…

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California

Woman berates wealthy California tech workers for moving to her city and inflating its housing market: ‘Real estate is … – Daily Mail

Dani, an Austin native, lambasted those who fled to the city during the pandemic She claimed they bought up cheap houses and rented or ‘flipped’ them to profit Home prices in Austin remain near record levels despite seeing a drop this year By Mackenzie Tatananni For Dailymail.Com Published: 19:34 EDT, 7 May 2024 | Updated: 19:35 EDT, 7 May 2024 A TikTok user lambasted California tech workers for invading her city, leading to inflated prices and a low supply of homes. In a clip that has racked up over half…

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California

‘Iconic midcentury modern masterpiece’ for sale wows California market. See inside – Yahoo! Voices

A window wonderland with spectacular seaside views has landed on the real estate market in Malibu, California, for $12.5 million. And it’s a rarity. It’s called the Filaree House, and it’s a restored estate designed and built in 1973 by the prolific architect, Edward Fickett, whose work became famous following his death in 1999, the Los Angeles Conservancy reported. This particular four-bedroom, four-bathroom residence sits on an acre lot, overlooking the Pacific Ocean and is a combination of vintage design and Fickett’s style. “Restored, reenvisioned and celebrated as one of…

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California

Austin woman berates California tech workers for inflating the city’s housing market during the pandemic – Yahoo Finance

Austin woman berates California tech workers for inflating the city’s housing market during the pandemic California used to be the state where people could go to make their fortune. But now, the Golden State is no longer home to a “gold rush.” Data from the U.S. Census Bureau shows that California lost 75,423 residents in 2023, a steady migration pattern that began during the pandemic. Many of those people fled to Texas, Florida, and other states that were deemed cheaper and didn’t have state income tax. Don’t miss One TikToker…

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California

CoreLogic Southern California Housing Market Update: May 2024 – CoreLogic

CoreLogic® has released its monthly residential Southern California home sales numbers for March 2024. This includes data for new and resale single-family homes and resale condominiums from six counties in the region: Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura. “Southern California housing markets continue to stagnate given high mortgage rates, affordability challenges and a frozen sellers’ market,” said Dr. Selma Hepp, chief economist for CoreLogic. “Solid buyer demand is reflected in the region’s continued home price growth and renewed competitiveness, while sales are retracting due to a…

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California

California’s insurance crisis is rattling the real estate market. It could impact ‘almost every sale’ – 2UrbanGirls

By Megan Fan Munce, Christian Leonard | SF Chronicle Before insurance companies started retreating from the state, home insurance was divorced from the process of searching for a home. Only after getting their offer accepted would buyers begin to look for insurance, which is required for a mortgage. Now, with the insurance market in turmoil, some sellers are finding buyers backing out due to the high cost or unavailability of insurance. Buyers, meanwhile, are scrambling preemptively to obtain insurance, making all-cash offers or choosing not to purchase homes at all.  “Homeowner’s insurance…

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