The most competitive markets this year share characteristics such as relative affordability and “supply that trails demand,” according to Zillow. Taking the top spot in the ranking is Buffalo, New York, followed by Indianapolis and Providence, Rhode Island.
Gwyneth Paltrow Sells Her Los Angeles Home For $22 Million
Around seven months after it first hit the market for nearly $30 million and subsequently underwent a price chop, Gwyneth Paltrow’s longtime Los Angeles home in the Lower Mandeville Canyon area of Brentwood has sold to an unidentified buyer for $22 million.
After the fires, residents have sought out ADUs for temporary housing, with policymakers trying to fast-track even more construction.
Here’s what “The Rent Brigade” found after combing through 1,343 Zillow posts that appear to have broken California’s ban on post-fire price gouging.
The recent wave of January wildfires in Los Angeles County that have displaced 150,000 people and counting has some landlords in the area looking to cash in on the surge in demand. That's according to a Saturday article in the Washington Post,
Rent for single-family homes across Los Angeles County rose by almost 25 percent, and even more in certain areas, according to a Washington Post analysis.
Redfin chief executive Glenn Kelman said one of his agents lost her home to the fires that tore through Los Angeles. She found a home for rent, listed at $5,600 a month, he said. But when she called, the landlord had nearly doubled the price to $11,000 a month. So she drove down the southern California coast to search for a hotel in Orange County.
The emergency law caps rents to a ‘fair market value’ determined by HUD, but the caps are so low that many high-end homeowners are delaying putting
The fires in the Palisades and other Los Angeles neighborhoods have led to Ryan Serhant and other Connecticut realtors fielding calls.
A new study by a tenant advocacy group shows a major increase in rent prices across the Los Angeles area during Southern California’s recent wildfires despite laws preventing price gouging
A law barring monthly rents of more than $10,000 for new listings is stopping high-end homes from going on the market, real estate agents and brokers say. Such homes could be in demand for wealthy fire victims.