Home Price rise predicted for L. A. Region
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Los Angeles area home prices are projected to rise 5 percent by next October, according to a report issued by First American CoreLogic, a Santa Ana based real estate research firm. The Santa Ana firm , however, did cite the fact that about 1.7 million homes nationally are on the verge of foreclosure, what they call a nationwide "shadow inventory" that could weigh down prices as the properties come on the market.