haven’t tanked, they are lower than last year, and mortgage interest rates have fallen from the recent peak into the 6% range, creating an uptick in demand — again, relative to the last several months — at a time when few new listings are hitting the market.for 10,000 buyers,” said Michael Simonsen, founder of Altos Research, who said weekly March data indicate local prices may have resumed their climb.
As of March 24, the number of listings across three major Southern California counties — Los Angeles, Orange and Riverside — was 15% lower than the start of the year, according to Altos Research data. Her client list is a prime example. She has three listings. One client is older and is downsizing, another is moving out state for tax reasons.
Why sell when you can rent it out and keep your 2 1/4 interest rate and prop 13 protections? And if you do sell, it will get snapped up by megacorp, inc. Prop 13 needs to be amended to be for owner occupied residential only. It's a lot easier to unlock houses than build them.