L.A. home sales soar as California’s housing market defies Covid



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When it comes to L.A. real estate, “Sunset” is still selling — even nine months into the pandemic.

With interest rates at some of their lowest levels ever, many renters are reassessing their housing options, said Jason Oppenheim, star of “Selling Sunset,” a Netflix reality series featuring a team of brokers and the glitzy properties they’re selling across Los Angeles.

“Let’s face it, the one per cent are doing very well right now, with markets at all-time highs and interest rates extremely low,” said Oppenheim, who runs his Oppenheim Group brokerage along Sunset Boulevard, which the show’s built around. “Houses are affordable right now and people want to get out of their cramped apartments.”

Los Angeles isn’t alone. Since Covid-19 was declared a public health emergency in March, home-buyers across California’s biggest cities have shown no let-up when it comes to betting on real

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L.A. Home Sales Soar as California’s Housing Market Defies Covid

(Bloomberg) — When it comes to L.A. real estate, “Sunset” is still selling — even nine months into the pandemic.

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With interest rates at some of their lowest levels ever, many renters are reassessing their housing options, said Jason Oppenheim, star of “Selling Sunset,” a Netflix reality series featuring a team of brokers and the glitzy properties they’re selling across Los Angeles.

“Let’s face it, the 1% are doing very well right now, with markets at all-time highs and interest rates extremely low,” said Oppenheim, who runs his Oppenheim Group brokerage along Sunset Boulevard, which the show’s built around. “Houses are affordable right now and people want to get out of their cramped apartments.”

Los Angeles isn’t alone. Since Covid-19 was declared a public health emergency in March, home-buyers across California’s biggest cities have shown no let-up when it comes to betting on real estate.

Along with Los

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Singapore Home Prices Rise as Market Defies Worst Recession

(Bloomberg) — Singapore home prices rose in the third quarter from the previous period as government stimulus held up demand, providing a bright spot for the country’s economy suffering its worst recession.



a view of a city with tall buildings: Residential blocks stand in Queenstown estate in Singapore, on Monday, Jan 15, 2018. Singapore sustained a comeback in home sales in December, boosting an annual tally that was already the highest since 2013.


© Bloomberg
Residential blocks stand in Queenstown estate in Singapore, on Monday, Jan 15, 2018. Singapore sustained a comeback in home sales in December, boosting an annual tally that was already the highest since 2013.

Property values increased 0.8% in the three months that ended Sept. 30, the Urban Redevelopment Authority said on Friday.

The gain marks the second consecutive quarter of growth, prompting analysts to revise forecasts. They now predict prices may rise as much as 1.5% this year, after previously estimating declines of as much as 6%.

The figures, which come on the back of home sales rising to its highest in more than two years, show that the property market is weathering the city’s worst

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