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Los Angeles Real Estate Market & Investment Overview 2020

Marco Santarelli

We will discuss the latest Los Angeles housing market trends & news and find out how they can affect the investors and homebuyers. The shutdown due to coronavirus pandemic had an impact on the California economy and the real estate sector well. In Metro Los Angeles, home prices rose $18,000 or 11.6%

Marketing 139
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California commission suit alleges collusion in the City of Angels

Housing Wire

A copycat commission lawsuit has been filed in Los Angeles. The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. District Court in Los Angeles.

MLS 490
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As agent and client demand rises, Real launches dedicated luxury division

Housing Wire

Fast-growing firm The Real Brokerage is launching a luxury division , according to an announcement on Wednesday. Real Luxury , as the division will be known, will focus on helping luxury agents and teams, as well as their exclusive clients. Nartey also serves as Real’s national growth leader.

Agents 388
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Redfin expands new pay plan to two new California markets

Housing Wire

After a successful launch of its new agent pay structure in Los Angeles and San Francisco in late October, Redfin announced Monday that it was expanding the new pay structure to its San Diego and Orange County markets. Redfin agents in all other markets will continue existing under the firm’s existing pay plan.

Marketing 381
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Los Angeles County Real Estate Market Update | July 2020

First Team Real Estate

The most impressive metric from the Los Angeles County real estate market report is a jump in median sale prices. There were 9,031 active properties last month and an expected days on market of 39 days across the county. Check out the full Los Angeles County report below.

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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

But local real estate professionals would beg to differ. Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. As of May 13, the median days on market for single-family properties in Santa Monica with a median price of $1.85

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Nashville breaks into list of top migration destinations for first time since 2021: Redfin

Housing Wire

Most people surveyed relocated there from Los Angeles. “A A lot of Nashville locals have been priced out of homeownership, but when you’re coming from somewhere like California or New York, housing prices here still seem reasonable,” Redfin Premier real estate agent Kristin Sanchez said in a statement.

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