Southern California Housing Market Poised for a Stronger Spring
Source: L.A. Times
Market
watchers and real estate agents say they're starting to see more
sellers as prices remain relatively high, interest rates stay low and
fewer borrowers owe more on their houses than they're worth. Selma Hepp,
senior economist at the CALIFORNIA ASSOCIATION OF REALTORS®, says
measures of buyer interest — online real estate searches and open-house
traffic — have jumped in recent weeks. If that activity translates into
sales, it could put a new round of pressure on pricing, she said. “The
fundamentals are good," Hepp said. "But affordability is going to stare
us right in the face again."
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