California City
Real Estate
High interest rates, affordability crunch drop home prices in LA area
With demand diminished by rising interest rates and high home prices, the median price of an existing, single-family home in the Los Angeles metro area was $780,000 in July — down from $800,000 in June but still up from $731,000 one year ago, the California Association of Realtors reported Wednesday.
Homeowners – Your Home Probably Made More for You Than Your Job Did in 2021
Haven’t gotten a raise in a while? Here’s some good news, if you’re a homeowner – your house is likely bridging the gap. Renters, though, are falling farther behind. For the first time, according to a new study, homes earned more money for households than the median worker in most major metro areas across the country, including San Diego.
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