Search Results for: recession

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Downtown Los Angeles Property Market Report December 2022 | Real Estate Recession as Prices Continue to Fall

REAL ESTATE NEWS (Los Angeles, CA) — Urban home prices continued to plummet in December, confirming a real estate recession in L.A. The end of 2022 saw less than half as many loft condos sold, properties taking about 50% longer to sell. The average DTLA home price dropped by nearly $100,000 as compared to the …

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Real Estate Recession Downtown Los Angeles – October Home Prices Down 4%

Property Market Update  #realestate #market #dtla Downtown L.A. —  Median home price dropped significantly in October, adding to a weak real estate market for more than a year, and demonstrating a solid three month down slide. The city’s urban center is feeling a real estate recession as nearly all of the numbers prove a slumping …

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