Websome of the wealthiest californians are deciding to keep their la homes but rent them out as luxury pads rather than accept lackluster prices on a sluggish market. Webin early 2023, l. a. ’s luxury real estate market experienced a boom as deals were closed before the april 1 implementation of los angeles’ measure ula, known as. Webrising interest rates have put a chill on real estate sales across the country, but an added factor has put the freeze on the los angeles luxury housing market. Not for los angeles’ luxury residential market. Buyers signed 18 contracts for a total volume of about $107 million between july 1 and july 7,.
