The Agency - Housing News

Chinese Buyers Fuel Surge In Foreign Purchases Of U.S. Homes

Jul. 30, 2014
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Foreign home buyers purchased an estimated $92.2 billion in U.S. real estate from April 2013 through March 2014, a 35-percent increase from the previous period’s level of $68.2 billion, according to the National Association of Realtors’ (NAR) Profile of International Home Buying Activity report. The amount accounts for approximately 7-percent of the total U.S. existing home sales… Read more

Americans View Real Estate As Best Long Term Investment

Apr. 24, 2014
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As housing prices increase across the US, more Americans are regaining faith in real estate as the top choice for long-term investments, according to a recent Gallup poll. Gallup’s April 3-6 Economy and Personal Finances poll asked Americans to choose the best option for long-term investments: real estate, stocks and mutual funds, gold, savings accounts and CDs,… Read more

Mauricio Umansky Tells FOX Business He’s Bullish On LA And Vegas Real Estate

The Agency’s CEO and Co-founder Mauricio Umansky appeared on FOX Business this morning to weigh in on the current state of the luxury real estate market. “We’re starting to see some price per foot in Los Angeles starting to hit $3,000 a foot, which we really have never seen before,” said Umansky, who is a… Read more

Home Prices Up 13.3% Year-Over-Year

Nov. 27, 2013
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Home prices are up 13.3% over the same period last year, according to new data from the S&P Case-Shiller index. The index, which measures single-family home prices in 20 metro markets, showed the highest year-over-year gain since February 2006. Joel Naroff, president of Naroff Economic Advisors, tells USA Today that the new data is a… Read more

Home Prices To Rise In 2014 While Sales Remain Flat, Predicts NAR

Nov. 14, 2013
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Home prices will continue to rise next year while sales hold steady, predicts the National Association of Realtors. Speaking at NAR’s annual conference, the association’s chief economist, Lawrence Yun, said that he believes existing home sales will remain relatively flat, while prices rise by 6%; considerably less than the 11% gain we’ve seen this year…. Read more

The Agency Report Q3 2013 – Luxury Market Sees Record Closings

Nov. 7, 2013
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The Agency’s Third Quarter Report for the Los Angeles prime residential markets was released today, and its finding conclude that the demand in the luxury market remains strong with record closings and all-time lows in inventory. For the first time ever reported, prime single-family home sales exceeded 900 in back-to-back quarters and condominium closings reached their highest… Read more

Housing Trend: New Homes-Turned-Rentals On The Rise

Nov. 4, 2013
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While the American dream of owning a home is still very much alive, it is on the decline as homeownership falls to its lowest level since 1995 and more people are content with renting a home. Now, a new report from the Wall Street Journal reveals that more single-family homes across the nation are being… Read more

U.S. Home Prices Gain Most Since Early 2006

Oct. 31, 2013
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U.S. home prices rose in August from a year earlier at the fastest pace since February 2006–the peak of the housing bubble– according to the latest S&P/Case-Shiller report. The 20-City Composite Home Price Index showed home prices rose 12.8% price, exceeding economists’ expectations. All 20 markets posted positive annual increases, with 13 logging double-digit gains. Las Vegas and California continue… Read more

All-Cash Home Purchases Surge Nationwide

Sep. 26, 2013
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All-cash purchases represented a whopping 45% of all residential sales in August, according to the latest survey from RealtyTrac. This marks a considerable jump from the previous month, which saw a still-significant 39% of homes purchased in cash. The major metro area with the highest percentage of all-cash sales was Miami (69%), followed closely by… Read more

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