LA vs. Orange County: Where’s homebuying slowing faster?
LA vs. Orange County: Where’s homebuying slowing faster?
Homebuying is rapidly cooling in Los Angeles and Orange counties with 32% fewer purchases in September than a year earlier as house payments jumped roughly 48% or more.
The two counties had 7,501 closed transaction for single-family homes and condos, existing and new construction — down 3,727 from September 2021, according to data from CoreLogic. Soaring mortgage rates, high prices, and economic…