
Southern California home prices see first May-to-June drop in 12 years
https://www.siliconvalley.com/2022/07/19/southern-california-home-prices-sales-fall-from-may/
A cooling trend sparked by rising mortgage rates continued to chill Southern California’s housing market, with home prices and sales dropping at a time when they typically are on the rise.
Home prices dipped from May to June for the first time since 2010. Sales fell from May levels for the first time since 2013.