April 30, 2013
That housing prices have produced "six months of good news" indicates stability, Gary Painter, professor at the USC Lusk Center for Real Estate, says in a statement. "If you look from market to market, you find pockets that can be considered 'hot markets,'" he says. "While the numbers and this anecdotal evidence suggest certain markets have rebounded, prices have not shot up dramatically. 'Hot markets' are often a result of lack of inventory rather than positive market growth...