Southern California housing market cools, how long will it last?

Across the Southland, home prices have been falling as interest rates have been climbing. From May 2022 to December 2022, prices have dropped 11% in Orange County, 10% in Los Angeles County, 8% in Riverside County, and 6% in San Bernardino County.

[@gaberielherendez8767]

I hope the housing market crashes

[@simshengvue4642]

It’s harder for Chinese to get their money out of China now. So the easy sell is gone now. You used to see Chinese real estate billboards everywhere. Not so much now.

[@dkh4487]

FAT CAT LANDLORDS are hoarding real estate inventories and they are the main reason LA area have so much homeless. One more thing it is not the mortgage rate fault it is the high home prices. It needs to come down 60%.

[@ChatBloom]

Maybe if the property taxes weren't so high the rent would be cheaper!

[@InsighterofTech]

Orange County doesn't have problems with homeless or high crime

[@jasonn4597]

@@ChatBloom Ikr and I wish property taxes doesn’t exist because Idek what’s the point of that

[@ChatBloom]

@@InsighterofTech SHH!!!!

[@djwoosie98]

@@InsighterofTech lol cause they kick them out but they very much do have a problem with then. They aren't visiblr

[@hugoquintero9189]

It's ridiculous how over price houses are in california

[@tyt707]

50% off this year

[@SuperMassman]

WAIT ☝️🧐,, no need to watch this time wasting video,,,, no one knows

[@natalianatalia383]

The landlord says the water is too expensive! Don’take a shower 🧼 No flash the toilets 🚽 Welcome to Smelifornia🐒😬😶‍🌫️🤢🤢🤢

[@eliramirez9958]

Haha I never believe the news

[@davediamond7228]

4 of my facility are in the real estate biz and this news is sadly true ...and my home value has dropped 17,400 dollars in the last 30 days (3%) according to zillow

[@theforestisdark9676]

All of a sudden but I bet if they were saying it was super hot you would Believe it

[@Scrappy90059]

Uncle Charlie bean stayin out in the back uh Pookie an Ray Ray's garage until times get bet her bro

[@chimmychanga738]

🤣

[@JP-xd6fm]

Who with 2 brain cells wants to buy a house in a place that at any time will be destroyed by an earthquake?, I'm not trolling, I'm really curious, people just ignore the real risk, underestimate it or what?