Heather Presha, a real estate agent who specializes in middle-class Leimert Park, said her clients haven't mentioned the rise in rates as an obstacle. But some are still being priced out of the South Los Angeles neighborhood, where just a few years ago it wasn't uncommon for single-family homes to sell for less than $600,000. Now there are no houses listed in that range; the cheapest is on the market for $700,000, according to Redfin.

Source: Los Angeles Times May 23, 2018 17:37 UTC