The investor and his neighbors want to block multiunit construction in America’s most expensive town. But California’s reforms are gradually overriding such local opposition.
Investors are getting impatient with money managers, who are on track for their second-worst return on record.
The slowdown in demand means more properties are being left on the market. That should give buyers some negotiating power, Realtor.com economist says.
The Russian billionaire’s UK assets have either been sold or frozen since Vladimir Putin’s invasion of Ukraine.
Tech angst, rising interest rates and crime concerns are colliding to hit home prices in the nation’s most expensive region.