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The Southward Group

Southern California and Los Angeles Real Estate

Ability may get you to the top, but it takes character to keep you there. — John Wooden

Real estate sales sink as foreign buyers shy away.

Luxury real estate has seen a dramatic downturn this year, with prices plunging to recession-era levels in some markets.
Note : By Erik Sherman

The Luxury Market: Glut of Megamansions will affect your pricing.

Los Angeles has too many megamansions and not enough buyers, reported Katherine Clarke for The Wall Street Journal. Real-estate agents and developers are turning to themed parties, gimmicky amenities, and $100 million price cuts to get the megamansions off the market. From LA to NYC, gimmicks and price cuts are being used in big cities nationwide, signaling a slow luxury real estate market.
Note : courtesy of Hillary Hoffower

Romance scams rank number one on total reported losses

People looking for romance are hoping to be swept off their feet, not caught up in a scam. But tens of thousands of reports in Consumer Sentinel show that a scam is what many people find. In 2018, Sentinel had more than 21,000 reports about romance scams, and people reported losing a total of $143 million – that’s more than any other consumer fraud type identified in Sentinel.

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