November 27, 2012
Richard K. Green, of the Lusk Center for Real Estate at the USC, said the foreclosure storm was beginning to subside, and fewer foreclosed homes were flooding the market. That has meant homes are selling faster at higher prices — which means fewer homeowners owe more than their house is worth.
"The most important thing is, if you look at job growth in California for the last 18 months or so, it's been higher than average for the country," he said.
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