Thursday, December 13, 2012
But you already know this: LA Times says home sales in Los Angeles are up
In case you didn't read the Los Angeles Times today, here's an article talking about how home sales and home prices have significantly increased in Los Angeles the past year. Some quotes from the article:
The median home price for the region was $321,000, up from $315,000 the two prior months and a nearly 17% increase over $275,000 in November 2011.
All-cash purchases, many by deep-pocketed investors, also remain unusually high.