Average home price up $85,000 in past year!
...The new figures come as two business schools released reports on the housing market. The University of Southern California Lusk Center for Real Estate said prices will continue to climb this year in major markets, including Los Angeles...
Gary Painter, research director at the Lusk Center, said he expects annual percentage price gains in the single digits. "I call that a cooling off. There have been strong fundamentals in the market that have been driving up prices."
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