Housing Wire reported on data released about year-to-year and month-to-month home price changes which seem to show that the national market is cooling off and price increases are slowing. Anecdotally, in Los Angeles, I believe the data should show similar and in the coming months will show slight price declines or negligible increases. Rates on 30 year mortgages have come down so that is working to sustain home prices up. With more power on the buyer’s side than in recent memory, it’s a good opportunity for a well qualified home buyer to take their choice of housing at a fair price with a low interest rate.
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