Southern California home prices rise to highest level in 20 months as sellers are more willing to make deals so they can buy more desirable properties at low mortgage rates and relatively low property-tax bases.
The share of higher priced homes’ rose to its highest share since July 2010, while distressed deals fell to the lowest share since March 2008.
Read the full article at http://www.bloomberg.com/news/2012-06-13/southern-california-home-prices-climb-to-a-20-month-high.html
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