Southern California house payments soar 46%, sales drop 35%
Southern California house payments soar 46%, sales drop 35%
“Payment Pulse” deals with the budget-busting reality of Southern California homebuying finances — it’s really about the size of the monthly mortgage check.
Buzz: Why did Southern California home sales fall to slowest July buying pace since 1995? Blame the record-breaking $3,319 monthly payment needed to finance the $740,000 median-priced home.
Source: My trusty spreadsheet looked at what swiftly…
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