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Market Update

What is the State of the Foreclosure Market in 2023?

Foreclosure rates have been rising since 2020. However, the current jump in foreclosure filings in the first quarter of 2023 is still alarming. A whopping 95,712 properties in the United States had foreclosure filings in the first three months of the year. What’s more, over 36,000 of these filings were from March 2023 alone, indicating […]

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Market Update

How Does LA’s New “Mansion Tax” Affect the Sale of Foreclosed Properties?

Property owners in Los Angeles are facing challenges on more than one front. The foreclosure rate rose in Q4 2022 while the FED has continued with the rate hikes it started last year. At the same time, LA office leasing activity is declining as tech companies flounder and other industries struggle to bring workers back […]