Market News

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.

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

Time is running out to own a brand new single-family home at Fairfax at Sunset, a luxury gated community by RC Homes situated on the border of Hollywood and West Hollywood.

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.

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.

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.

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.

Dubbed ocV!BE, the proposed mixed-use development would feature housing, office space, entertainment venues, parkland, restaurants, two hotels and parking structures.