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Home sales stall, dropping 18% in Southern California

Southern California's housing market hit a big pothole in September, with home sales sinking almost 18 percent from the year before as buyers increasingly grapple with rising mortgage rates, higher prices and deteriorating affordability, Irvine-based housing tracker CoreLogic reported Tuesday, Oct. 30. Home prices, meanwhile, were up 3.6 percent from September 2017 levels - the smallest year-over-year appreciation rate in 3A1 2 years. Although local agents say it's too soon to call it a buyer's market, a slowdown reported over the past six months appears to be deepening, they said.


Home sales stall, dropping 18% in Southern California curated from Real Estate News

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