Los Angeles Homes Prices will level off
- Mortgage rates are rising
- Mortgage servicing costs are rising – it’s expected to be a rise of 2-3% of income annually
- Investors are leaving the market as they are unable to find bargains anymore
- More homes are coming on the market – we are up more than 2% since May. Likely the increase in home values has made it possible for more sellers to make a profit and for the underwater sellers, not to lose their shirts!