June U.S. Jobs Report: Continued strength lowers expectations of Fed cut in July

Friday’s national employment report from the U.S. Bureau of Labor Statistics showed that the U.S. economy added 224,000 in June, exceeding the expectations of market observers who were counting on lower gains amid some slower May economic reports. The current economic expansion also entered its 121st month in July, marking the longest expansion in modern American history. As all eyes are on the Federal Reserve...

Home of the Week: Contemporary masterpiece in Sonoma County

“Breathtaking” is often overused, but here the term is quite appropriate. Working from the footprint of the original 1979 residence, 1400 Lawndale Road has been exquisitely redesigned and rebuilt with the discerning modern homeowner in mind. From hickory-pecan wide plank flooring and three woodstoves to the security system and heated bathroom floors, no detail has been spared. Sitting on 8.5 acres with incredible views from...

Home of the Week: Airy, refined West Hollywood contemporary

Welcome to two stories of polished, open elegance, set at 8929 Rangely Avenue in one of West Hollywood’s most exclusive neighborhoods. Sweeping scale and absolute privacy define the clean architectural vision, a world of dramatic high ceilings, massive view windows and artful stone and tile work. This is a home expressly made for both warm entertaining and personal enjoyment, from the living room fireplace and...

#AgentsofCompass named to Real Trends

Today’s REAL Trends The Thousand honors the most outstanding real estate professionals, both individuals and teams, in the U.S. We are proud to recognize the achievements of our distinguished Compass agents in California. San Francisco Bay Area Dana GreenShana Rohde-LynchRaziel UngarTeam HatvanyOwn MarinThe Watson~Marshall Group Los Angeles Craig StrongRichard StearnsRon WynnDan UrbachAaron Kirman GroupSmith & Berg PartnersPence Hathorn Silver These industry leaders dream big, guiding...

Compass celebrates Pride Month

At Compass, celebrating diversity and inclusion is a huge part of who we are. We believe that everyone deserves to feel at home and are proud to honor diversity and inclusion year-round. The feeling of belonging is powerful, and it’s at the core of our definition of home.  “As a leader of Real Legacy Estate Partners, we’re creating a space for the next leaders in real estate. A deeper...

Home of the Week: New architectural family compound in Mar Vista

Designed to float seamlessly from indoors to out, main home to guest house, 12662 Rose Avenue defines LA living at its elegantly easy best. This is an environment created for everything from quiet family times to memorable gatherings. Within the main residence, a single sweeping space flows through living, dining and kitchen areas – and out through ten-foot glass pocket doors to the grassy yard,...

California on track for longest job expansion in recorded history

California added 19,400 jobs in May bringing the unemployment rate down to 4.2 percent, according to the latest report from the state Employment Development Department. The lowest unemployment rate, 4.1 percent, was seen in second half of 2018. Current job growth is at a 111-month expansion — the second-longest since 113-month expansion of 1960s. With 282,700 jobs added over the last year, the 1.6 percent...

Los Angeles homebuyers take two steps forward and one step back

Executive Summary Total home sales in the greater central Los Angeles area were 2 percent below last May, following April’s upwardly revised 2 percent year-over-year increase.Sales between $2 million and $3 million saw a 6 percent jump compared to last May, the first year-over-year increase following six months of double-digit declines, driven by East Valley, Eastern Cities (Arcadia and Monrovia), and Foothill Communities.Home sales activity...

Compass SoCal May 2019 Real Estate Market Update

Overall median home prices remained virtually unchanged in 2019. About half of communities observed saw increases while the other half saw declines. The rate of increases was relatively lower than seen at the same time last year. Generally, most of the increases in home prices are driven by areas than remain relatively more affordable while higher priced areas saw some declines from last year’s cyclical...