Today on the Southern California Real Estate Report we talk about the rising interest rate environment and how home prices are declining.
The housing market is still heated, but the air is being let out of the balloon a bit and we think its a good thing.
Homes are staying on the market longer, price reductions are happening and people are less willing to overpay for housing.
Todays article that was referenced is:
https://www.lajollalight.com/news/story/2021-09-22/san-diego-county-median-home-price-drops-for-second-month-in-a-row-to-725-000
