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Home Prices Keep Increasing Even as They Sit on the Market

SOUTHERN CALIFORNIA, JUL 24 – Home prices in Southern California fell 0.9% year-over-year in June amid 35% higher inventory in Los Angeles County, driven by high mortgage rates and economic uncertainty.

Summary by News 4 San Antonio
Home prices hit a record high last month even with a prolonged freeze on the housing market with buyers opting out of deals or out of the market entirely.

4 Articles

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Center

Home prices keep increasing even as they sit on the market

FILE - A housing development in Cranberry Township, Pa., is shown on March 29, 2024. (AP Photo/Gene J. Puskar, File)

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Los Angeles TimesLos Angeles Times
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Southern California home prices fall nearly 1% in June as market slows

Economists and real estate agents say a variety of factors have slowed the market, including high mortgage rates, rising inventory levels and economic uncertainty.

·Los Angeles, United States
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Los Angeles Times broke the news in Los Angeles, United States on Thursday, July 24, 2025.
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