Referred to as Asterix in the Los Angeles City Planning application, the project would feature a mix of studio, one-bedroom and two-bedroom floorplans and resort-inspired resident amenities.

A growing number of homebuyers are competing for a shrinking pool of for-sale properties.

In a few years’ time, Matadors could have another option for modern apartment living — a proposed five-story residence with indoor and outdoor amenities.

Within the latest release, there are five available residences priced from the $1.4 millions, featuring three to four bedrooms, up to 1,845 square feet of living space and designer-selected upgrades.

Heightened competition among buyers at the lower end of the market can be attributed to the shortage of starter homes.

The Foster + Partners-designed project would introduce a pair of 28- and 32-story condominium towers, a 10-story hotel, and eight acres of public and private gardens.

Iron Ridge is a collection of single- and two-story homes with four to five bedrooms and up to 2,953 square feet of living space.

While other sectors of the US economy have been decimated by the COVID-19 pandemic, the housing market has seemingly recovered in barely any time at all, thanks in part to ultra-low mortgage rates.

These modern apartment complexes often come with an array of onsite amenities and in-unit perks like washers and dryers.

The 30-year fixed-rate mortgage rate held steady at 3.13 percent this week, according to the results of Freddie Mac’s latest survey.