Local real estate updates for Torrance and the South Bay — posted daily.
On Sept. 16 the Federal Reserve lifted its benchmark rate to 3.75%–4%, its first hike since 2023. The 30-year mortgage rate is hovering around 7%, and South Bay buyers are adapting their strategies.
Read more →The national builder's new coastal community on Pacific Coast Highway opened for sale Sept. 19, with three-story townhomes priced from $2 million.
Read more →The California Association of Realtors says August existing-home sales and median prices rose month over month, even as higher mortgage rates and costs weighed on affordability.
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