In our last real estate post, we noted that the number of home sales in June were up 6%. So, it is no surprise that prices were up 6.7%, as well. This was the biggest increase in the country. To be sure, prices were up nationwide, but Los Angeles lead the country, according to data from CoreLogic.
Still, further increase is being projected. CoreLogic’s CEO, Anand Nallathambi, recently said, “We see prices continuing to increase at a healthy rate over the next year by as much as 5 percent."
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