TRID cause for 38 percent jump in Los Angeles County home sales

  • LA County's median home price is roughly nine percent off its peak.
  • Lower priced homes in LA County saw the largest increase in value on a year-over-year basis.
  • New homes sales activity in the county noticeably trails historical averages.

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In December, LA County home sales activity experienced an unusually high 38 percent increase on a monthly basis. According to Andrew LePage, analyst for CoreLogic, this large uptick was the result of newly implemented mortgage rules, TRID, and more buyers and sellers looking to close before year’s end for tax purposes.