Source: New York Post
The condo market in Los Angeles has gone ice cold as rising costs stall demand — fueling concerns that it could spell doom for the rest of the city’s housing market. Sales of LA condo units during the first two months of the year have fallen to a 20-year low, even as prices dropped nearly 5% in February, according to a report from ATTOM. With decreasing demand, condo prices have also hit a 12-year low.
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