Home price index boosted by California
Desert Sun
... A national index of home prices rose unexpectedly in January, with California cities posting strong gains, but some experts warned that the nation's struggling housing market could be headed for another dip...
...In Southern California, they accounted for more than half of resales. With such high demand, supply is dwindling, driving prices higher.
Meanwhile, the state's unemployment rate has flat-lined of late, and that's made buyers more comfortable about purchasing a home than they were just six months ago, said Richard Green, director of the Lusk Center for Real Estate at the University of Southern California...