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    Here's what Southern California's housing market cooldown means for buyers, sellers

    The Southern California housing market is finally slowing down after a two-year pandemic boom fueled in large part by record low borrowing costs. Now, with mortgage interest rates on the rise, home sales are down, inventory is up and the prospect of home value declines is around the corner. In June, the Southern California median home price fell 1.3% from May, despite the fact it usually ...
    by Andrew Khouri, Los Angeles Times Jul 21, 2022 3 minutes
    A home for sale along the 2700 block of 79th St., 4 bedroom, 2 baths, 3,790 sqft, for $965,000 on Tuesday, Feb. 8, 2022, in Inglewood, California.

    The Southern California housing market is finally slowing down after a two-year pandemic boom fueled in large part by record low borrowing costs.

    Now, with mortgage interest rates on the rise, home sales are down, inventory is up and the prospect of home value declines is around the corner.

    In June, the Southern California median home price fell 1.3% from May, despite the fact it usually increases between those two months.

    Compared with a year earlier, the median was still up 10.5%, according to real estate firm DQNews. That's

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