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SoCal Real Estate Update

SoCal Real Estate Update
Quick Take: The Fed almost certainly will raise rates in March in an effort to combat inflation. Historically low supply is protecting the record-setting home prices of the past two years from a reversal. Elevated real disposable income, which spiked asset prices, has declined and stabilized at normal levels. The average 30-year fixed mortgage rate is rising as the expected Fed rate hikes have become definite. Note: You can find the charts & graphs for the Big Story at the end of the following section.

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