Wednesday, September 26, 2012
In case you missed the headlines, home prices are up and sales are down
L.A. Times reports today that home prices are up nationwide. In L.A., however, the price rise is 1.3% over last month. Link to the article here. However, numbers of sales are down. You knew that -- inventory is ferociously low. Here's a quote that we all like: "Economists have begun suggesting that the real estate market may have turned the corner for good since tanking in the recession."