2012 SoCal Mediam Home Prices up 19.6%

[PlanMaestro]

http://www.latimes.com/business/realestate/la-fi-home-prices-20130116,0,3877030.story

 

Nationally, CoreLogic reported that home prices were on a sharp upward trajectory in November, with almost all states posting gains that month. The firm's home price index report, also released Tuesday, showed that home prices nationwide increased 7.4% year-over-year.

 

Los Angeles Times: Home sales picking up (video.)

[boilermaker75]

That is great. My daughter bought a place in West Hollywood in March 2012, and she maybe got in at the bottom. It was an REO and she got it for 42% of the previous sale.

 

Maybe I made all the stupid moves in real estate and she'll have nothing but good luck.

 

I moved to Silicon Valley in 1976 and never bought, only rented.

 

In Dallas in 1984 when I sold my house I had to write a check at the closing :(

 

I have been in my current house since 1985, but we have torn down, rebuilt, and remodeled so much over the years I'll have a loss whenever I sell.