Los Angeles County homebuying tumbles 16% as house payments soar 37%
Los Angeles County homebuying tumbles 16% as house payments soar 37%
Los Angeles County homebuying cooled by 16.1% in May as rising prices as soaring mortgage rates created 37% higher house payments.
Across Southern California, 20,470 single-family, condominium, existing and newly constructed homes — sold in six counties, down 5% for the month, and down 16% over the past year. The region’s median price of $760,000 was flat for the month, and up 13% over 12…
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