Archive for August, 2013

CA Housing Market Overheating?

Southern California home prices increased more than 28% compared to a year ago this time. The dramatic 28% plus jump was greater than any year-over-year increase during the housing boom and the most since January 1989. California’s median home price reached $400,000…$119,000 more than a year earlier, the highest dollar amount in more than five years. There are signs the fast pace of rising home prices won’t continue as mortgage ...

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