Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
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."
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