Forbes analist shows pullback from buyers in Los Angeles home marketBy Dolores QuintanaAfter a seller’s market reigned, the prices of homes declined for three months in a row as of September 2022 as reported by Forbes.com. In August and September, home prices declined by 1.2% according to the S&P CoreLogic Case-Shiller Home Price Index in all major metropolitan markets. In certain cities, like Los Angeles, New York and San Francisco, the prices declined even more, namely 1.5% on average. The Western United States took the largest hits with San Francisco falling 2.2%, Las Vegas and Phoenix falling 2.1% and Los Angeles falling 1.7%. Comerica thinks that tech cities such as San Francisco’s home market will continue to decline the most.

Source: Forbes December 03, 2022 07:19 UTC