© 2004 - 2024 | SM SOLD, Inc. - A Real Estate Marketing Company | contact@smsold.com
There may be a chill in the L.A. housing market, but many SM Sold clients real estate dealmakers are on The Hollywood Reporter's annual list. Just when it seemed L.A.'s luxury real estate market was cooling off — the median home price in the second quarter of 2019 was down 7 percent over the same period last year, according to Douglas Elliman — some eight- or even nine-figure deal closes, upending that narrative.
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read moreThe U.S. Federal Reserve has moved the domestic and global markets in big ways: It has cut federal interest rates, also known as the federal funds rate, for the first time since the 2008 financial crisis, following a steady stream of rate hikes since 2015. The move would have a trickledown effect that may help “entry-level” luxury buyers and savvy real estate investors, or may encourage more foreign purchasers to look to the U.S.
read more © 2004 - 2024 | SM SOLD, Inc. - A Real Estate Marketing Company | contact@smsold.com