GEE it’s December and I just realized that I forgot to compile the annual LICtalk Real E-State of The Union for 2016! Unfortunately given the publishing schedule, centerfolds and whatnot, it’s too late to produce this voluminous analytical tome which is closely followed by all the local RE honchos. Plus, who wants to read forecasts of something that’s already occurred?
Nevertheless, there was a transaction reported yesterday, which kind of sums up the trend of our previous E-States from 2014 & 2015. Continue reading