Good stuff reported on the LAT website…
The SoCal housing market took a step back last month, as home sales fell and price gains slowed. But homeowners shouldn’t despair and would-be buyers might even rejoice, analysts say.
The slowdown signals a housing market that is continuing to normalize, potentially helping more middle-class families purchase homes as the economy improves.
After years of boom and bust, home prices and sales are now responding to the very thing they should: job and income growth, not loose lending standards or investors, economists and real estate analysts say.
And it gets even better! Interest rates just ticked down again. Which means that now is a very good time to get into business with a bank, and buy your home.
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