Southern California condo sales hit historic low
Local condo sales across six counties are running slower than during the Great Recession.
Local condo sales across six counties are running slower than during the Great Recession.
2.1% of California debts were 90 days or more late, highest since 2020's first quarter when the pandemic was hitting the economy.
Southern California had 14,538 sales in March, a 2% boost from a year ago – but 29% below average.
Columnist Teri Sforza writes: ... It's bracing that there were still 6,321 people in shelters and on the streets in Orange County.
April's heralded job creation was 13% below the 50-year average.
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Rents fell in the past year in 34 or 63% of the region's 54 cities tracked. Overall, rents fell by a median 0.7%.
Companies are carefully analyzing labor costs, tariffs, supply chains, interest rates, inventory levels and broader economic uncertainty before committing.