08/04/2021

News

Southern California builders are cutting prices to move glut of unsold homes

Faced with the largest inventory of unsold finished homes in six years, Southern California’s homebuilders have resorted to price cutting. According to real estate watcher Zillow, 25.9 percent of new homes on the market in Los Angeles and Orange counties in the fourth quarter had price cuts — No. 17 of 34 major markets studied […]

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