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Things are shaking up in the Los Angeles Real Estate Industry

 

Real Estate News

When I was in mortgage banking, I preferred to work for smaller savings and loans. I was never employed by any of the mega banks and I typically worked in the corporate offices where decisions were made. During my current real estate career, I have preferred to work for small broker owned franchises, rather than the big conglomerates.

So here’s what’s happening in the Los Angeles real estate scene:

Douglas Elliman to acquire Teles Properties. Teles will be rebranded as Douglas Elliman in the fall. Until then, it will operate as Teles, a Douglas Elliman Real Estate Co.

Word on the street is that Pacific Union who just acquired John Aaroe Group,  is eyeing Partner’s Trust Real Estate. Hall and Chambers (formerly Prudential California Realty) is now Coldwell Banker Hallmark Realty.

And family owned and operated Dilbeck Real Estate  remains family owned and operated.

It continues to be a tough real estate market for Los Angeles home buyers, especially first time buyers who are scrambling to accumulate a down payment.

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Related Posts:
Tips for First Time Home Buyers
Eight Most Common Questions Home Buyers Ask 

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Seems like no industry is immune to mergers and acquisitions