In June 2023, the median sale price of a home in Los Angeles County fell by $18,500 from the same period in the previous year, while total sales increased by 150.4%.
Property owners in Los Angeles County paid 0.7% of the value of their homes in property taxes in the second quarter of 2023, which is less than 0.6 times the national average, according to the real estate analysis posted by South Bay Leader.
A $3.6 million loan by the City of Long Beach to a regional developer will be used to help acquire a Downtown property for a new affordable housing project that will offer 100 apartment units for low- and very low-income residents.