November home sales fell to 13th lowest level out of the past 35 years.
Southern California home prices fell for a sixth-straight month in November, wiping out most of the price gains achieved during the first half of the year.
“It’s shifting. People are shifting their mindsets,” said Darin Eppich, an agent with Sotheby’s International Realty in Beverly Hills. “A lot of it is rates, and a lot of it is the monthly . So, those buyers are waiting ’til the New Year.”The state Realtor association reported that sales of existing houses fell 47.7 percent from November 2021in California and the National Association of Realtors reported a 35.4% sales drop nationwide from the previous year.San Diego prices off 8.5% vs.
“The short and sweet takeaway right here,” said Boyd Roberts, broker-owner of Laguna Gallery Real Estate, “ … there’s almost no buyers out there.”Homes are taking longer to sell, causing the number listings to swell and forcing sellers to cut their prices. Some homeowners haven’t gotten the memo that it’s no longer “a full seller’s market like the last year and a half,” said Eppich, the Beverly Hills agent.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Christmas on the beach in Southern California, as rest of country copes with monster winter stormSun and surf drew throngs of people to Los Angeles-area beaches for Christmas as bitter cold and brutal storms battered most of the country.
Read more »
How Pantone’s Color of the Year brightened the lives of Southern California designersVirginia Odien of Riverside and Jeanetta Gonzales of Culver City got to preview Viva Magenta.
Read more »
Rainstorms to bring 'drastic change' to Southern California after warm holiday weekendThe National Weather Service predicts rainfall paired with gusty winds starting Tuesday and lasting through Wednesday, with up to 1.5 inches across the Los Angeles area.
Read more »
Rainstorms to bring 'drastic change' to Southern CaliforniaThe National Weather Service predicts rainfall paired with gusty winds starting Tuesday and lasting through Wednesday, with up to 1.5 inches across the Los Angeles area. “This is a good, healthy storm that’s going to produce mostly beneficial rain.'
Read more »
26 music festivals coming to Southern California and beyond in 2023From Coachella and Stagecoach to Rolling Loud and Desert Daze, these are the festivals to look forward to in the coming year.
Read more »
Southern California rainstorms: What to expect this weekCalifornia weather: An atmospheric river is heading to Northern California.
Read more »