The New $2 Million L.A. Starter Home: It's Small
Illustration by Zohar Lazar Low interest rates and cratering inventory are combining to push prices on the entry end of the market to unheard-of heights, with a 50 percent increase in recent sales in the $2M-plus range with fewer than 2,000 square feet: "It's changed significantly in the past three months." When asked to describe the current market for a starter home in Los Angeles, The Agency's Nick Sandler has one word — "treacherous." His partner Bennett Hirsch is even more frank. "Your home purchase might also come with the need for a therapist," he says. "It's just so insane." This ...
Source: hollywoodreporter.com