What will LA home buyers face in 2018?
In 2017, Los Angeles housing prices shattered records, reaching previously unseen heights and eclipsing prices seen in the run-up to the 2007 mortgage crisis.
Does that mean we’re in a real estate bubble?
Not necessarily. A recent report from real estate tracker CoreLogic noted that prices across all of Southern California are still 13 percent below their pre-recession peak, when adjusted for inflation.
The company further predicts that prices in LA County will shoot up a hefty 6.4 percent before the end of the year. (reprinted from Curbed.com)