Wednesday, May 30, 2007

A 1.4% slip? Big deal

Today's L.A. Times reports that home prices in Los Angeles are down 1.4% in a year-over-year comparison. This is good news to me as it's such a minor decline and certainly not even the 5% to 7% slip that the experts predicted! Median home price in So. Cal. now is $505,000.

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