Real Estate Market Heating Up Again
The Real Estate market slowed down and prices cooled off in LA and Orange county during November but things are starting to heat back up again. Mortgage applications are UP and with tight housing supply, home prices should continue to trend upward.
“Prices are going up much faster than incomes, which is ultimately going to present an obstacle for many would-be homeowners that would like to take advantage of historically low interest rates.” – California Association of Realtors