Los Angeles’ Housing Market is at a Standstill. Can Lower Mortgage Interest Rates Save It?
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Los Angeles has felt the impact of higher mortgage rates harder than many other cities in the nation. From August 2021 to August 2023, just over 65,000 homes were sold, a 37% drop from two years ago. At the same time, home values in the area have risen by a whopping 34% since February 2020. […]