Costly housing spurred California’s 500,000-person pandemic exit

The state’s population exodus was second only to New York, which lost 15,000 more people. The sky-high cost of housing was the residents’ primary reason for departure. Continue reading

Home showings dip in December, but slowdown may be easing

Showings were way down year over year but only dipped a little bit month over month, according to a new report from ShowingTime. They remain up compared to pre-pandemic levels. Continue reading

Pool of agents working in LA shrunk amid slowdown last year: Analysis

The number of active real estate agents in LA decreased by 27 percent year over year, falling from 4,800 agents in the fourth quarter of 2021 to 3,500 agents during the same period in 2022. Continue reading

Hilton & Hyland taps David Kramer to succeed Jeff Hyland as president

Kramer has been with the luxury boutique firm since 2005 and is one of Hilton & Hyland’s top producers. He succeeds the late Jeff Hyland, who died of cancer nearly a year ago. Continue reading

Alexanders partner with top Compass agent for LA expansion

Tal and Oren Alexander are expanding to Los Angeles, and they’ve recruited top agent Tyrone McKillen to lead their office, according to an announcement Thursday on Instagram. Continue reading

The Agency 2022 Red Paper: A softening, but still strong market

“The key takeaway is this,” CEO Mauricio Umansky said of this year’s report. “Housing remains a primary investment for the world’s most affluent citizens and a safe hedge against inflation.” Continue reading

Mauricio Umansky: ‘Something exciting happens every time I wake up’

In advance of his appearance at Inman Connect New York on Jan. 24-26, The Agency’s founder and CEO said he’s always working but finds ways to unwind. Continue reading

RentSpree CEO: ‘Rentals can fill in the gap’ in a slowing market

Michael Lucarelli also said in the lead up to Inman Connect New York that he doesn’t see a “crazy reshuffling with rent prices” coming in 2023. Continue reading

Branden Williams on reality TV: ‘We’re too busy making real deals’

Branden and Rayni Williams, the real estate power couple, told Katie Kossev during a panel at Inman Connect Now on Thursday that they’ll “never” consider joining a real estate reality series. Continue reading

Former LA home of ‘First Lady of Television’ Betty White demolished

Located in the Brentwood enclave of Los Angeles, the former home of the television-acting “Golden Girl” was razed in the past week, with only a fireplace and chimney remaining of the original structure. Continue reading