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The crazy SoCal housing market is cooling. But don't expect a bargain

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Southern California home prices were essentially flat in August from the previous month, as the market cools slightly from its torrid pace earlier this year. khouriandrew reports:

A new UC Berkeley study on Senate Bill 9 is sure to add to the long-running debate on allowing more density on the prized single-family lot.

According to a forecast from CoreLogic, which measures home prices slightly differently from DQNews, L.A. County home prices in July 2022 will have increased 2.7% from this July, compared with the 14.6% increase seen from July 2020 to July 2021.In Los Angeles County, the median price rose 13.4% to $785,000, while sales climbed 14.3%.In Riverside County, the median price rose 19.3% to $525,000, while sales climbed 6.4%.In San Diego County, the median price rose 13.

 

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khouriandrew this is terrible news

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