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Upward America Venture is positioned to purchase and manage $4 billion worth of new single-family homes and townhomes from Lennar, and potentially other homebuilders, in high growth markets across the United States.

Motivated by a variety of factors, ranging from low interest rates to job layoffs, many Californians did pack up their things and move but most remained in-state.

An additional 59 percent said they would be at least somewhat confident putting in an offer on a home that they toured virtually but not in-person.

Ranging from 1,500 to 2,400 square feet, all residences would feature two to four bedrooms, an attached two-car garage and private outdoor space.

The cold snap that swept the central United States in February caused listings to plunge in tandem with the thermometer.

The highest volume of pending condo sales was in the $300,000 to $599,000 range.

Los Angeles has experienced some of the sharpest rent declines in the country since the pandemic began around this time last year.

Meantime, the Inland Empire has sustained tremendous rental growth as Angelenos with the ability to work remotely sought out more affordable apartments.

More than two-thirds of these high rollers considered La La Land their ‘secondary home,’ perhaps due to the state’s steep income tax rates.

The City intends to purchase 1,500 units by 2022, 5,000 units by 2025 and 10,000 by 2030 in an effort to preserve affordable housing for low-income residents.

There are over two dozen residential projects in the works throughout downtown with many more in the planning stages.

The new structures will rise 37 and 53 stories, connected by a five-story podium, featuring ground-floor retail space and parking for more than 1,700 vehicles.

As the pandemic wore on, wealthy Angelenos decided if they couldn’t go to brunch, they would go to the beach.

According to the latest residential construction report from the Census Bureau, housing starts climbed 5.8 percent to 1.67 million annualized units last month.

JPMB Investments hopes to satisfy buyer demand by kicking off construction in early 2022 and delivering the new homes by year-end.

The COVID-19 pandemic accelerated the shift from in-person to online home shopping.