A recent Los Angeles Times article forecasts a strong spring ahead for the Southern California housing market. With relatively higher prices, lower interest rates, and fewer underwater owners, the Southern California housing market is seeing more listings and fewer days on the market. Where a lack of homes on the market was a cause of higher prices a few years ago, now, a more plentiful supply of homes should keep prices stable or even cause prices to dip.
Given the stable housing prices, buyer interest, as measured by online real estate searches and open house traffic, has jumped in recent weeks. This increased buyer interest could translate into increasing home sales. You can check out the rest of the Los Angeles Times article here:
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