Happy Holidays 2018 From Compass!

All of us in Compass’ California offices would like to wish you a very happy and festive holiday season. Whether you’re traveling or simply staying put here in the Golden State, we hope you have a safe and relaxing holiday surrounded by family and friends. We’re taking a couple of days off to kick back ourselves, but please check back on Wednesday, Dec. 26, as...

Video: California November Jobs Report

Check out this short animation, which offers highlights from November’s California jobs report. To read the full analysis from Compass Chief Economist Selma Hepp, click here.

A Look at California’s November Jobs, The Fed’s Interest-Rate Decision, and the State’s Population Growth

California added 30,700 jobs in November, with the unemployment rate holding at a record-low 4.1 percent according to the latest numbers from the state Employment Development Department. October’s job gains were revised up to 36,800. Over the last year, a 1.8 percent increase in employment led to 299,800 new jobs. The state has created 3,078,100 jobs since February 2010. Nine out of 11 industries added...

What Are First-Time Homebuyers’ Biggest Regrets?

Buying a house that was too small is the biggest mistake that first-time buyers of all age groups say that they made. Almost half of first-time buyers did not financially plan for unexpected maintenance costs with the initial year of owning a home. Regrets aside, about two-thirds of all buyers say that they were completely or mostly happy with their first home. Anyone who is...

California Homebuyers See More Favorable Market Conditions in November

Active California home listings rose for the eighth straight month in November, up by more than 30 percent year over year. The median sales price for a single-family home in California was $554,760, an annual gain of 1.5 percent. Both the nine-county Bay Area and the Los Angeles metropolitan area saw cooling price growth, up by a respective 0.6 percent (to $905,000) and 2.3 percent...

Survey: Very Few Millennial Renters Plan to Buy Homes in 2019

Nearly 90 percent of millennial renters expect to buy a home in the future, but just 4 percent plan to do so within the next year. Amassing a down payment is millennials’ biggest barrier to homeownership, and almost half of them have not saved any money for that purpose. About 80 percent of millennials in the San Francisco metropolitan area will need more than 20...

Community Giving Fund Honors 12 L.A. Charities

The Pacific Union International L.A. community celebrated an evening of festivities and generosity at the company holiday party at the Petersen Automotive Museum, honoring 12 local charities selected by the Community Giving Fund. The Community Giving Fund presented checks to 12 local charities, donating a total of $72,000. The Community Giving Fund has raised more than $200,000 over the course of the year from donations,...

Real Estate Roundup: Californians Are Still Placing the Nation’s Largest Down Payments

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious. GOLDEN STATE HOMEBUYERS SHELL OUT SIX FIGURES ON A DOWN PAYMENT American homebuyers placed the largest down payments in nearly 15 years in the third quarter, with those in major California metropolitan areas shelling out anywhere from five to 14 times the national average. ATTOM Data Solutions’ latest U.S. Residential...

Compass Opens Los Angeles’ Most Community- and Architecture-Centric Real Estate Office

More of a community outpost than traditional office, the innovatively designed space of our  newest office is located in the 1920s Keystone Building in Larchmont Village. Located in the heart of Hancock Park at 156 North Larchmont Boulevard, the innovative space is the vision of Bret Parsons, a top-producing real estate professional, lecturer, and author of noted architecture books. The extraordinarily designed environment, housed in...