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Los Angeles home prices were down 6% in July year-over-year, rounding out three consecutive months of home pricing declines, according to research from Pacific Union International. The downward trend comes after months of strong pricing gains, which haven’t been offset by the anemic midyear numbers. Los Angeles could be rebalancing after rapid pricing growth, following a similar pattern in the Bay Area, which also saw soft pricing trends after months of rapid price gains.

Kelsi Maree Borland

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