Home payments in Los Angeles County have jumped 98% in five years, reaching $5,670 monthly.

House payments in Los Angeles County have surged 98% in five years, with typical buyers now paying $5,670 per month. The median home price reached $869,000 in November, 3% above last year and up 39% from five years ago. Higher mortgage rates, averaging 6.8% in November compared to 3.7% five years ago, have slowed the homebuying pace, with monthly transactions down 34% from the past two years.

2 months ago
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