Photography by Jeff Newton

DPP at The Real Deal’s Residential Forum

This past Friday The Real Deal hosted its annual Los Angeles Residential Showcase and Forum, bringing together influential real estate players from several leading agencies. Deasy Penner Podley’s George Penner was there to discuss the ever-changing state of the residential market. Penner was honest about the current state of the Los Angeles luxury residential market… Keep reading

“The first 3 months of the year sucked”: Industry pros on LA’s luxury market slowdown

By Natalie Hoberman George Penner, CEO of Deasy Penner Podley, didn’t mince words in his description of Los Angeles’ high-end residential market. “The first three months of the year sucked,” he said. “It was terrible.” That slowdown and a wave of discounted re-listings dominated the discussion among Penner and other industry players at The Real… Keep reading

The Real Deal LA Residential Showcase + Forum

The Real Deal brings together influential real estate players for events that spur brand awareness, smarter solutions for growing networks and substantial ROI. This year, The Real Deal residential showcase and forum boasts over twenty sponsors and over fifty industries represented. The upcoming forum will feature two relevant panel presentations and Q&A discussions. The first… Keep reading

UCLA Report Predicts Continued Weakness in Real Estate Market, Local Realtors Say Otherwise

By Donna Balancia Demand for housing in California is weak and new housing construction is expected to slow throughout the state, including in Pasadena, in 2019 and 2020, according to a new economic study by UCLA. But local Realtors say the outlook remains sunny for existing home sales in the Pasadena area. In his latest… Keep reading

Area Home Sales Fall, Lack of “Affordable Inventory” and Higher Interest Rates Blamed

By Brian Day with David Cross Analysts are reporting a downturn in Southern California home sales, but the owner of a major Pasadena real estate firm says he isn’t losing any sleep over it. Los Angeles County sales have tumbled by 8.5 percent below last year’s results, according to a report released Thursday by Irvine-based… Keep reading

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