Southern California Home Prices Remain High but Cooling Market Offers Respite for Frustrated Buyers
- Soaring home prices in Southern California making it hard for buyers and sellers
- High prices indicate a seller's market, but high interest rates discourage selling
- Sellers reticent to sell and buy at higher rates, losing equity gain
- Good news for buyers - less bidding wars compared to past years
- No easy answer on whether buyers should wait for prices and rates to drop
