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L.A.’s Home Market Stalls Amid Hollywood Labor Disruption

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2023's WGA and SAG-AFTRA strikes combined with high interest rates and low inventory helped create a slowdown in real estate deals: 'The strike happened and the deal was off.'

quickly felt the impact. “I was working with a producer who was relocating from England,” she explains. “It was a good all-cash $6 million purchase. Then the strike happened, and the deal was off. She says, ‘I’ve got to go back to the U.K. until this is over.’

“I’m seeing a lot of that, and it’s more than just the writers and actors,” continues Schwartz, managing partner of Sherman Oaks, Studio City and Calabasas for The Agency. “It’s everyone in production, with the exception of reality TV. We have a massive buyer pool that is not in the market right now.”

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