I am a day late with this news and I apologize. Los Angeles Times has reported that home prices for the lower half of the So. Cal. market may be stabilizing. According to Dataquick, the median price has remained unchanged for the last three months. But I think LAT really buried the lead on this story. Further into the article is the statistic that March home sales are up 52% over March 2008. Is L.A. Times being cautious? I think this is a pretty impressive stat, and it dovetails with what I've experienced.
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