Los Angeles Real Estate News
Los Angeles
U.S. Single-Family Rents Climb for Third Straight Month
U.S. single-family rent prices rose for the third consecutive month in March, according to Cotality's latest Single-Family Rent Index (SFRI). Rents increased 2.9% year over year -- slightly higher than the 2.8% annual growth reported in March 2024 -- signaling a modest but steady acceleration in the rental market.
U.S. Home Sales Continue Slump in April Despite Growing Inventory
According to new data released by the National Association of Realtors, existing-home sales dipped again in April 2025, reflecting ongoing challenges in the U.S. housing market despite growing inventory and continued buyer interest.
Spring Home Sales Sputter in U.S. as High Costs Weigh on Buyers
Sales of existing U.S. homes dropped to a seasonally adjusted annual rate of 4.2 million in April 2025, hitting their lowest level since October 2024, according to new data released by Redfin. The figure marks a 0.2% decline from March 2025, and a 1.1% drop year-over-year--breaking a seven-month streak of annual gains.
U.S. Cities Where Renters Need $100K Salary to Live Doubles Since 2020
A new report by Zillow paints a stark picture of America's rental affordability crisis, revealing that renters in eight major U.S. cities now need to earn six-figure salaries just to comfortably afford housing - double the number of cities from five years ago.
Los Angeles Property News
Average Americans Spend 38 Percent of Monthly Income on Mortgage Payments
Posted on February 21, 2025
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