How does aspirational pricing affect the L.A.’s housing market?
“Pricing artificially high gets attention, but it really hurts the fairly priced developments, Douglas Elliman’s Ernie Carswell during The Real Deal’s first-ever DTLA Spotlight event earlier this month. “What I would like to see is more reality in the pricing.”
Carswell was joined by Josh Flagg, (Rodeo Realty) Nick Segal (Pacific Union), Beth Styne (Coldwell Banker), James Harris (The Agency) and Alexei Barrionuevo (The Real Deal) to discuss the state of the city’s high-end housing market, a possible market correction and why tech-focused brokerages could be driving down commissions.
To see the panel in full, watch the video above.