When asked to describe the current market for a starter home in Los Angeles, The Agency's Nick Sandler has one word — "treacherous." His partner Bennett Hirsch is even more frank. "Your home purchase might also come with the need for a therapist," he says. "It's just so insane." This means many young families wanting to enter into homeownership must look to areas like the San Fernando Valley — which is particularly hot right now — and pay more for a standard family home than they would have just a few years ago. "Ultimately, for the $2m Valley starter home, those properties, depending on the nuances, could have increased 25-40 percent in value over the last 10 year," says Hirsch.
Read more on hollywoodreporter.com