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 Deal’s Los Angeles Residential Showcase and Forum on Friday. Agents, brokers and executives selling some of the priciest homes in the country assembled […]
source https://therealdeal.com/la/2019/06/24/the-first-3-months-of-the-year-sucked-industry-pros-on-las-luxury-market-slowdown/#new_tab
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