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."
Home » home price statistics » Los Angeles real estate » Los Angeles Times » low housing inventory » In case you missed the headlines, home prices are up and sales are down