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The Southward Group

Southern California and Los Angeles Real Estate

Learn to value yourself, which means: to fight for your happiness. — Ayn Rand

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

Metro ExpressLanes is making changes to its Clean Air Vehicle Policy starting March 1, 2019:

Customers with a clean air vehicle (CAV) displaying a valid DMV-issued red or purple CAV decal are eligible for a 15% discount off of the posted rate on the I-10 and I-110 Metro ExpressLanes. To qualify, eligible CAV decal holders must first register for the discount on our website at www.metro.net/expresslanes/cav.

Half of Homes Past Pre-Recession Values

Half of the homes—50.4 percent—in the nation are past their peaks prior to the recession, with 21 of the 35 largest markets at the milestone value, according to the June Zillow® Real Estate Market Report.
Note : By RISMedia Staff

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