Relevant:
- October home sales hit 3-year high; prices up 17% year over year
- Home Prices See Fourth Consecutive Month of Decline as November Drops 1.4 Percent
- southland median home price rises for first time since 2007
- Southern California home prices rise 8.6%
- FHA low down payment buyers and cash investors dominate Southern California housing market – Not a healthy market when over 63 percent of sales come from these two groups. Move up sellers unable to shift because of negative equity.
2009-09-16 — latimes.com
"Southern California's median home price climbed for a fourth straight month in August, boosted by investors snatching up homes in distant suburbs and a relative decline in foreclosed homes for sale, a real estate research firm reported Tuesday."
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