Wednesday, October 14, 2009

House prices stabilizing

Hi, L.A. Times clipping service here. The title above links to today's story "Housing upturn occurring in some parts of So. Cal., data show." This is not news to those of us with our boots on the ground. Of course, there are all sorts of caveats in the article, and median prices are still lower than they were in 2006, but still.

But still indeed. There's also another L.A. Times story here, stating that mortgage professionals expect foreclosures to rise next year.

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