Los Angeles homebuying slumps 25%. Is the Fed to blame?

Apartment Metrics Worsen as the “Fed-ministration” Readies More Easy Money

Thanks to massive federal intervention into the housing markets for more than 20 years, the housing crisis is worse than ever. The outlook for multi-family housing is especially bad with a bleak future.

Los Angeles homebuying slumps 25%. Is the Fed to blame?

Homebuying across Los Angeles County hasn’t been the same since the Federal Reserve’s war on inflation began three years ago. That’s what my trusty spreadsheet revealed in the March homebuying report from Attom, which tracks the closed sales of existing residences and new construction, including houses and condos, dating back to 2005. The Fed’s efforts to cool an overheated economy with pricier financing began in March 2022. It totally iced home…