Market Slowdown, Rent Limits & Affordability Updates in South Bay Real Estate

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Market Slowdown, Rent Limits & Affordability Updates in South Bay Real Estate

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In today’s episode, Richard delivers a quick but insightful breakdown of four major trends shaping the Los Angeles and South Bay real estate landscape. First, he examines the recent spike in national foreclosure filings and explains why the 20% jump looks far less dramatic once you account for L.A. County’s historically low foreclosure base. Next, Richard reviews new MLS numbers showing Los Angeles County’s median home price is now unchanged year-over-year, offering early signs that high rates and stretched affordability are finally cooling demand. Richard then unpacks the City of Los Angeles’ newly approved rent-control limits, now among the strictest in California, and what these changes mean for landlords who own property inside LA city boundaries. Finally, he wraps with the latest California Housing Affordability Index report, with statewide affordability remains stuck at 17%, signaling continued pressure for buyers across the region. For more South Bay real estate insights, subscribe to Richard’s weekly blog at https://haynesre.com/blog/.

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