After a sluggish start to 2019, the Southern California housing market is ending the year on an upswing.
But as incomes have risen and mortgage rates have dropped, the market has shown signs up turning around. One month’s data should always be read with caution, but November’s numbers could indicate buyer mentality is shifting. Households are probably growing more confident as fears about the national economy have eased, said Christopher Thornberg, founding partner at Beacon Economics.like some feared. Thornberg said many are probably thinking: “Oh, my god. I better get out there and get that house.”In Los Angeles County, the median price climbed 4.2% to $625,000, while sales rose 6.1%.
I think we need price control on housing cap everything at $350,000, we also need more regulation so it costs developers more to build
Raise taxes and end homelessness
Davidlaz Hasn’t it been hot for awhile?
Just in time for the 2020 crash
Saw a fixer near West/Florence for nearly 550k the other week. The bubble's walls are looking mighty thin.
So, if I'm doing the math right, there's going to be an increasing amount of empty houses just collecting dust.
That’s bad