REAL ESTATE NEWS
(Downtown Los Angeles) — The price of a typical home in Los Angeles fell to $579,500. #homeprices #losangeles
Home sales in December and January were the lowest for the months since 2008. The real estate data tracker finds that Los Angeles County’s median home price was $579,500 in January, down slightly from December’s median price of $581,500. Year over year prices were actually up a bit, showing a moderate taper in real estate overall. Interest rates fell last week to the lowest level in a year.
Home appraisers report that they have been dropping the appraised values of many homes.
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