News & Events

A newly released study highlights a growing crisis in Downtown Los Angeles, where office vacancy rates have reached historic highs and could pose major financial consequences for the city and county if left unaddressed.  The report, released by Downtown Works, the nonprofit arm of the Central City Association (CCA), warns that inaction could result in […]

Last year local governments — the City and County of Los Angeles, as well as Malibu and Pasadena — issued permits for single-family homes and accessory dwelling units “three times faster” than they were in the five years leading up to the fire, the administration noted.

The Los Angeles housing market is stagnant—big time. An annual report from real estate listing portal Redfin shows that a miniscule number of homes in Los Angeles changed hands this year, further exacerbating a growing affordability crisis.

“The hardest-hit properties are not luxury homes, but multifamily, commercial and industrial buildings — the very types we need to support housing production and job growth,” Smith said. A commercial decline hurts the city in two ways, the report says. First, commercial properties often sell for significantly more than single-family homes, so even a slight […]

The statewide median price for an existing single-family home fell 1.2% year over year to $850,680 in December, according to data released by the California Association of Realtors. While prices softened, buyer activity rose 2% compared with December 2024. It remains a buyer’s market for those who can absorb mortgage rates in the 6% range – or pay […]

Lawrence Yun, NAR Chief Economist “We are seeing a little better condition for more home sales … with more inventory and the lock-in effect steadily disappearing—because life-changing events are making more people list their property to move on to their next home. Next year should be better with lower mortgage rates, and that will qualify […]

SAN DIEGO COUNTY, Calif. — This year could be a good year to start searching for a home in San Diego County, according to a new study from Zillow.  The online housing website ranks San Diego County as the 17th-hottest market in the country, with home prices down from last year and inventory up. Last year, […]

The group’s most recent report from Jan. 15 shows the statewide median home price was $850,680 in December, down 0.4% from $853,780 in November and lower than $861,020 from December 2024. “California’s housing market closed out 2025 on solid footing, with both home sales and available inventory improving over the prior year,” Tamara Suminski, California […]

The housing market has spent the past few years stuck with high prices and slow sales. But in 2026, conditions are expected to ease slightly for buyers, a shift Redfin describes as a “reset” year. That reset is being driven by a growing supply of homes after years of limited inventory, which may push prices […]

Mortgage rates spent much of 2025 parked in the upper-6% range, held in place by persistent inflation pressures and a cautious Federal Reserve. That began to shift late in the year as the Fed signaled it was ready to ease policy. Rates slipped ahead of the September 2025 rate cut, the first of the year, […]

Here’s the bad news: In 2016, the typical home cost just $233,800, which is nearly 80% lower than in 2025, when the median price registered at $414,400, according to NAR data.  At the same time, there are roughly 470,000 fewer for-sale homes today than there were in 2016, when the national inventory reached 1.65 million […]