Buying a house in LA in 2018: ‘Be prepared for heartbreak’
In 2017, Los Angeles housing prices shattered records, reaching previously unseen heights and eclipsing prices seen in the run-up to the 2007 mortgage crisis. Does that mean we’re in a real estate bubble? Not necessarily. A recent report from real estate tracker CoreLogic noted that prices across all of Southern California are still 13 percent below their pre-recession peak, when adjusted for inflation.
