Southern California homebuying dips to 2nd-slowest pace in 21 years

Southern California homebuying dropped to its second-slowest pace for a November over the past 21 years despite the lowest mortgage rates in three years.

Six local counties had 12,017 existing and newly built homes sold — both houses and condos — according to Attom data dating to 2005.

The only slower-selling November in the past 21 years was in 2023. So purchases have been even more depressed than during the dark days of the Great Recession in 2008-09.

Today, house hunters balk at lofty pricing.