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Stocks slump, big banks beat and LA’s housing market standstill 10/14/22

Power Lunch

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Is the Real Estate Gridlock Breaking?

Prices in your market are off 20% since March. The good news is that our prices are still higher than where they were. They're just not as high as that crescenda that we experienced. That's still unaffordable. What do you think breaks the log jam here? Is it sellers becoming more reasonable about the market that is, not the market that was or the market that they're hoping will happen? Stephanie Vittaco: I'm asking every single one of my clients that has a low interest rate is your loan assumable.

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