2023 predictions: Southern California median home price to slide 10%

1) Median Southern California home prices (Los Angeles, Orange, Riverside and San Bernardino counties) will fall 10%. 4) Mortgage loan volume for home purchases and refinances will decline to $1.8 trillion from this year’s estimate of $2.3 trillion by Black Knight. 9) The California Association of Realtors Referral Fee Agreement will be amended, adding the principal’s acknowledgment (the principal is the agent’s client, either a homebuyer or home seller) when a Realtor agrees to pay a referral fee to a real estate broker for the lead.

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