Median home prices fall in LA The housing market in Los Angeles has fallen steadily behind 2018 results, mirroring a nationwide slowdown that has not eased despite lower interest rates. Sales dropped throughout Southern California, with double-digit declines in the Los Angeles metro and Inland Empire regions, according to a report from the California Association […]
50 Cent’s Connecticut compound, listed when Lehman Brothers was still in business, finally sells
50 Cent and his Farmington mansion (Credit: Getty Images, Douglas Elliman) Twelve years later, 50 Cent has finally sold his massive Connecticut estate for $2.9 million. The rapper, whose birth name is Curtis James Jackson III, bought the compound at 50 Poplar Hill Drive in Farmington from Mike Tyson for $4.1 million in 2003. The […]
San Fernando Valley home sales plummeted in February
San Fernando Valley sees fewest home sales since 1985 February was an ice-cold month for the residential market in the San Fernando Valley. There were just 266 homes sold in the 260-square-mile region last month, according to Southland Regional Association of Realtors, reported by Curbed. That’s the fewest number in any month since 1985. The […]
US home sales drop as inventory grows in February: report
Home sales declined in February (Credit: iStock) Is it a buyer’s market yet? Home sales declined in February as inventory grew in the U.S., according to a new report from Re/Max. The 4.2 percent drop last month marked the seventh consecutive month of year-over-year declines. Inventory, meanwhile, grew 5.8 percent in February, the fifth consecutive […]
Cooling West Coast housing markets tilt field back toward buyers
Houses in Seattle (Credit: iStock) Buyers looking for homes in cities like Seattle, San Jose and Oakland this spring will have more negotiating power than they did during previous years, thanks to surging inventory tugging prices down across the western United States. Home sales hit 11-year lows in Southern California and in the San Francisco […]
Home-value estimator Zillow expands service that puts money where its mouth is
(Credit: Zillow, Pixabay) Within a year, home owners in Miami and seven other U.S. cities will be able to request no-obligation cash offers for their homes from real estate database company Zillow. Seattle-based Zillow Group will introduce its Zillow Offers service in Miami, Minneapolis-Saint Paul, Nashville, Orlando and Portland by the fall. This year, Zillow […]