Los Angeles Real Estate News
Los Angeles
U.S. Home Sales Slide 15 Percent Annually in October
Among the four major U.S. regions, sales slid in the Northeast, South and West but were unchanged in the Midwest. All four regions experienced year-over-year sales declines.
Multifamily Apartment Rent Growth in U.S. Slows in Q3
According to CBRE's latest research, the U.S. multifamily market continued to see healthy demand in the third quarter of 2023, though rent growth slowed from previous highs.
One-Third of U.S. Home Sellers Give Concessions to Buyers
Based on new data from Redfin, U.S. home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, 2023. That's about the same as one year earlier, but up from 27.6% from two years ago.
Global Commercial Investment Implodes 51 Percent Annually in Q3
Global commercial real estate investment declined by 51% year-over-year in Q3 to $142 billion. Investment fell by 53% in the Americas, 54% in Europe and 31% in Asia-Pacific. Rising interest rates in many countries contributed to the significant drop of investment activity.
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