Home buying crashes in SoCal with levels worse than Great Recession
Home sales across six Southern California counties have plunged 33 percent below the long-term average since 2005, reaching depths worse than the Great Recession. The sharp decline signals a frozen housing market that limits mobility for workers and new businesses. LA entrepreneurs face higher barriers to relocating talent or expanding operations in the region.
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Summary written by Entrepreneurs Of Los Angeles. The original reporting belongs to New York Post; we do not republish the article.