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Los Angeles Real Estate Prices Update

Los Angeles Real estate prices continued to advance in May as they did in the rest of Southern California.

According to Core Logic, the median home prices in LA increased to $525,000, a jump of more than 8% from a year earlier.

Experts cited by an article in Curbed LA noted that while prices are appreciating handsomely, Southern California is not experiencing another housing bubble.

“Redfin’s chief real estate economist told the Times. ‘It was a lot different back in 2006 … That price growth was fueled by a lot of crazy toxic mortgage products.’”

http://la.curbed.com/2016/6/22/12000396/los-angeles-home-prices- tick-up- again-in- may