Home prices in Los Angeles and Orange counties rose for the fourth consecutive month in July, as measured by the widely watched SP/Case-Shiller indexes.
Details:
SPs David Blitzer four months ago called the nations housing market in a double dip downturn. Now he says: “This is still a seasonal period of stronger demand for houses, so monthly price increases are expected and were seen in 17 of the 20 cities. While we have now seen four consecutive months of generally increasing prices, we do know that we are still far from a sustained recovery.
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Category: Real Estate Notes
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