Southern California home prices hit more records as rate hikes fail to slow bidding wars
Southern California’s housing market remains overheated, with home prices hitting all-time highs despite soaring inflation and rising mortgage rates. With price and mortgage hikes pushing many would-be buyers to the sidelines, sales are sagging. Yet, buyer demand continues to outpace the supply of homes for sale. “There’s so little supply and so much demand, we’re still getting…
Read more