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Gaskill+Peterson | Sotheby's International Realty
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Home Prices Rose Year Over Year for Sixth Consecutive Month

Home prices rose both year over year and month over month in January, according to CoreLogic’s Home Price Index (HPI). Home prices nationally increased 6.6 percent from January 2017 to January 2018, and 0.5 percent in January 2018 compared with December 2017.

Looking ahead, the CoreLogic HPI Forecast indicates that the national home-price index is projected to increase 4.8 percent on a year-over-year basis from January 2018 to January 2019, with a 12-month increase of more than 7 percent projected for California, Florida, Nevada, and Oregon.
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Malibu Colony is L.A.'s most expensive neighborhood this year – by far
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New data this week from the National Association of Realtors estimates that foreigners, led by the Chinese, invested $153 billion in housing in the United States in the year that ended in March, up a remarkable 49 percent from the previous year. Nonresident foreigners were responsible for half that total.

That is the largest sum since the organization began tracking foreign investment in 2009, and those purchases amounted to 10 percent of the dollar value of all existing-home sales in the United States last year. Nearly half of that money went into just three states: California, Florida and Texas.
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Great read on the relationship between two icons of modern architecture: Schindler and Neutra. I lived a block from the Kings Road home they shared when I first moved to Los Angeles.
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“Don’t wait to buy land, buy land and wait.” -Will Rogers
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L.A. County’s unemployment fell to a new record low of 4.4 percent in May amid steady job gains, state figures released Friday show. A year ago, the unemployment rate was 5.3 percent.
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The median home price in Los Angeles County has matched the all-time high set in 2007, the Los Angeles Times reports. Home prices in April rose nearly 6 percent from a year earlier, hitting $550,000.
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In 2016, New York had an average price per square foot of $2000. By comparison, Los Angeles was a bargain at $1068. Monaco was the most expensive market in 2016, at $5,420 per square foot.
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An interview I did with the Canadian Broadcasting Corp comparing home prices in Los Angeles and Toronto
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An interview I did with the Canadian Broadcasting Corp comparing home prices in Los Angeles and Toronto: http://www.cbc.ca/news/entertainment/los-angeles-celeb-homes-compare-toronto-1.4082052
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