house

Housing Affordability Is Not All About Housing Prices!! Then, What Is It About?

We have already discussed how house prices impact housing affordability. There, we talked about the complexity of housing affordability that extends beyond whether housing prices in the Los Angeles market are rising or declining. We also shared what market forces allow buyers to afford houses at higher prices. Today, we will walk you through another …

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condominium building

Impact of The Pandemic on the LA’s Condo Market

The COVID-19 Pandemic and lockdown drastically impacted the real estate market. But now, things are getting back to normal once again. The demand and supply for real estate are typically seasonal and cyclic. The supply and demand peak during the summer months and reach their lowest levels during the winter. Inventory of property for sale …

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Understanding How House Prices and Rates Impact the Housing Affordability

In recent years, the housing market has undergone an extreme surge in terms of growth. Listings have disappeared from the real estate market faster than most buyers can get their hands on them, leaving only fewer affordable options of housing in the Los Angeles area. Surprisingly, despite low housing inventory and increased prices, demand for …

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