Here's what Southern California's housing market cooldown means for buyers, sellers

This has made the monthly cost of a home much more expensive and reduced the size of loans borrowers can get, while pricing some buyers out of the market all together.

During the four weeks ended July 10, nearly 19% more homes were for sale in the Inland Empire than in the same period a year earlier, according to real estate brokerage Redfin. This means if you are out shopping, not only will you have more homes to choose from than a few months ago, but you will likely have to fight less to buy one.Rising mortgage rates are slowing the housing market, prompting some analysts to say home prices will decline.

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The SoCal housing market is cooling. Here's how far prices have fallenThe data marks the first month since January that Southern California’s ultra-competitive housing market saw a decline in the median home price. Because the ultra rich & hedge funds have bought all of the available housing & can’t turn it because they artificially inflated their own market. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
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