LA rents aren’t budging in 2019 – The analysis finds that the city’s median rent price for a one-bedroom apartment was $1,360 during January. A typical two-bedroom cost $1,750. Both prices were unchanged from a month earlier. Over the last year, prices rose marginally—by about 1.4 percent. That rate of growth actually exceeds averages for the state (0.3 percent) and the nation (1 percent), but falls well under the 3 percent annual price bump allowed under Los Angeles’s Rent Stabilization Ordinance.
As sales plunge, LA home prices are inching up at the slowest rate in years -Year-over-year, prices are up just 2 percent in LA County, and a measly 1.1 per-cent across all of Southern California.
Chinese buyers continue to expand their presence in the US Housing market– According to CNBC, Chinese buyers continue to be the top foreign buyers of residential housing for the past six years according to National Association of Realtors. They have become more active in housing markets in Texas, Georgia and Florida, although California is still a favorite.