News

LA cuts revenue projections from new transfer tax by 25%"The City of Los Angeles expects to make a lot less from its new transfer taxes than originally advertised. Measure ULA is projected to generate up to $672 million in revenues from July 1 of this year through June 30 of next year, according to an analysis from the City Administrative Office, which conducts financial and budget analyses. The office...

Are you dreaming of a new home in California? If so, you may be wondering about the recent news of Silicon Valley Bank's (SVB) closure. As one of the most prominent players in the tech and venture capital community, SVB's collapse could have ripple effects on the housing market, potentially impacting your ability to secure a mortgage.But fear not—as your trusted realtor, I will guide you through this...

Nestled on the western edge of Los Angeles lies Culver City, a city with a rich history in Hollywood as "the heart of screenland." But in recent years, Culver City has undergone a dramatic transformation, earning a new nickname as "the heart of streamland." With its prime location at the crossroads of Silicon Beach and Hollywood, it's no wonder tech giants like Amazon, HBO, TikTok, and Apple are...

As a seasoned California real estate agent, I have witnessed firsthand the remarkable surge of interest in commercial property investment in the City of Angels. While residential properties have always been a mainstay of real estate investment, savvy investors are now recognizing the untapped potential of commercial properties. In this blog, I will delve deeper into the reasons behind the booming trend...

Housing Market If you are among the many people holding out on the SoCal housing market, I have some exciting news for you! The market is in flux, and savvy homebuyers are taking advantage of falling mortgage rates and home prices to secure amazing deals on their dream homes. Imagine finally owning that perfect house you have had your eye on or snagging a property that was once out of your price...

Los Angeles is known for its year-round amazing weather and exceptional access to career opportunities. The famed entertainment and entrepreneurial hub is the second largest city in the United States and has been attracting wealthy home buyers since the 1700’s.  When it comes to buying a property there’s no other city with such a diverse spread of architectural styles so whether you’re looking...

If you are looking to sell luxury real estate in Los Angeles it’s about to get a lot more expensive! Measure ULA is a newly passed law that is being referred to as 'Mansion Tax' due the idea of 'taxing the wealthy'. From April 2023 the taxes paid high value homes will dramatically increase to help generate a pool of money to combat LA's homelessness.  The law was drafted by a team of...

As part of our ongoing efforts to provide you with relevant and important market information, please find an update from Knight Frank. Most up, first down Annual growth in prime house prices eased to 7.5% during the third quarter, down from a peak of 10% in the year to Q1, according to our latest Prime Global Cities Index. Of the 45 cities we track, 19 saw prime prices decline between June...

UK house prices fell 0.9% during September, the first monthly fall since July 2021, according to Nationwide. That brings the annual growth rate to 7.2%, from 9.5% a month earlier.  The pass-through rate from the mini-budget to mortgage rates was swift and it shows. The effective real interest rate on new mortgages rose by 29 basis points to 2.84% during the month, according to Bank of England...

Douglas Elliman is one of the largest residential real estate brokerages in the United States of America, the business is number one in New York and since opening its Beverly Hills headquarters in 2015, Douglas Elliman California is now the fastest growing brokerage in South California. A firm like no other with world-wide reach and luxury expertise, Douglas Elliman has stood the test of time as a...