GREAT NEWS! Home prices are up in Los Angeles. In December 2009 prices increased 1.4% when compared to November 2009, and by 4% when compared to December 2008. We have all heard news about how the volume of residential real estate sales has increased, but could a steady increase in home values be a light shining at the end of the tunnel we have been trapped in since the mortgage crisis broke. Or has the market been falsely inflated by government incentives?
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