therealdeal.com1 month agoLA real estateCash Buyers Ratchet Up SoCal Home Prices to Record HighsHome prices in Southern California have hit an all-time high due to wealthy buyers unaffected by high mortgage rates. [ more ]
Los Angeles Times1 month agoLA real estateAll-cash offers, wealthy buyers push Southern California home prices to a recordSouthern California home prices hit record high in March 2022, despite high mortgage rates. A combination of low inventory, wealth gap, and cash buyers contributes to the unaffordable housing market. [ more ]