OCTOBER 2020
As Los Angeles continues to build the infrastructures and development projects of a world-class city for the coming decades, there is an inventive eye towards the challenges of today’s pandemic and common global issues plus leadership. Los Angeles is taking hold of these opportunities to meet better its growing needs of a diverse population and global position.

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We’re in this together with your One Connection to Los Angeles.

Michael Hiatt
President, GPSLA Networks
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DESIGN BY COMMUNITY
Los Angeles is an expansive city that some look at in wonder: "Where is the continuity of design, here?"

The early city planners and architects must have had that wild-west pioneering mindset to kept venturing out to find willing townships and expansive farmlands and rancheros that would embrace their "new" design ideas. These were the entrepreneurs and developers who would never have embraced design by committee, as is dictated by today's building and permit standards.

Today, the Los Angeles Megalopolis, known for its population diversity, could make a case of its architectural diversity and design by "community.
Market of "V's
So far this year has been a market of “V’s”. The largest, naturally, is the COVID-19 Virus, which brought an abrupt end to an 11-year bull market. The rapid market declines in March were followed by a similarly rapid rally, with headlines touting “V-shaped” recoveries ranging from stocks to jobs to new virus cases. 

Moving into summer, Volatility continued, with swift but short-lived market pullbacks in June causing some hiccups in an otherwise steady march higher for equities. 
BUYERS CONTINUE TO FLOOD THE MARKET WITH INVENTORY SHORTAGES.
What makes recovery possible? Persistent low mortgage interest rates. Stubbornly low inventories. Steady growth in Buyer demand.

According to data from Realtor.com®’s Weekly Recovery Report for the week ending Aug. 22, the bidding wars may continue into the fall. The week reached a 106.6 Housing Market Recovery Index—a 1.8-point increase over last week and 6.6. points above the pre-COVID baseline of January 2020. Data shows that buyers are still out in full force despite a continuing shortage of inventory that’s driving prices upward.
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