"Eric Sussman, adjunct professor of accounting and real estate at UCLA, agrees. “I don’t think there’s any question that the housing market is slowing,” he says, adding that he “wouldn’t be surprised” if prices in LA start dropping “in the next few months.” If the market cools off in coming months, says Sussman, rising mortgage interest rates will likely be to blame. Since September 2017, interest rates on conventional home loans have shot up nearly a full percentage point."
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