Buying a house is often the most important investment someone makes of their life, resulting in second-guessing about when is the correct time to make the leap.
For the time being, Southern California home prices are falling and are actually 5.4% below the height reached in May, in response to Zillow.
Prices have turned negative due to rising mortgage rates, and plenty of experts predict home values will decline further. That raises the prospect that homeowners will increasingly be underwater on their loans — that’s, owe more on their mortgage than their house is price.
The chance is best for individuals who bought in spring or early summer 2022.
If that’s you, The Times would really like to talk with you.