The Latest Housing Trends in Los Angeles
Los Angeles’s multifamily market is flourishing, achieving $13.9 billion in sales in the last 12 months. It’s no secret that the metro suffers from a severe housing shortage, with 225 people falling into homelessness each day, according to the Los Angeles Homeless Services Authority. The lack of housing has greatly contributed to the soaring housing prices, pricing out many potential buyers. Some are turning to tiny homes, typically around 400 square feet or less, as affordable places to live. These tiny homes can fit in most homeowners’ backyards that can be rented out. HomeAdvisor found searches for tiny homes in the U.S. increased 680 percent in the past ten years.
