LA Times: Southern California housing market slows after torrid rebound
For the third straight month, the median home price across the Southland stayed essentially flat, at $382,000. The September data confirmed expert predictions that waning demand would throw a wet blanket over the white-hot market.
Link to article: Southern California housing market slows
LA Times: Realtors group expects more homes to go on the market, moderating prices
California home sales will increase next year and price gains will moderate as an inventory crunch loosens with more homes on the market, according to an industry forecast.
The California Assn. of Realtors forecasts sales to climb 3.2% in 2014, after falling 2.1% this year amid tight inventory that has helped drive prices rapidly higher.
Link to Article: Realtors group expects more homes to go on market
LA Times: Wealthy Californians have recovered from the recession
About two-thirds of Californians with assets of $1 million or more actually feel better off now than before the 2008 financial crisis, a report from BMO Private Bank said. And roughly the same portion, say they expect the economy to continue its recovery in the next year.
Link to Article: Wealthy Californians have recovered from the recession