Here is a Los Angeles Times article from MAY 25, 2023 5 AM PT written by staff writer ANDREW KHOURI about the falling prices of SoCal housing your realtor does not want you to know about. For the past 2 years, home buyers have literally beaten each other up to come up on top by bidding against one another when making an offer on a property homeowners have taken full advantage of this opportunity, and...
Home prices have fallen as sellers struggle to get offers. According to data from real estate brokerage Redfin, the number of signed purchase contracts in L.A. County during the four weeks that ended Feb. 5 was 42% lower than a year ago. Even so, it's an improvement over December's 51% drop. The modest rebound is not certain to last. It may be necessary for returning buyers to adjust what they can...