Housing upturn occurring in some parts of Southern California, data show
Los Angeles Times
By Peter Y. Hong and Tiffany Hsu
... Southern California's housing market took another small step toward recovery in September as the median sales price for homes in some areas rose above last year's levels -- the first such increases since the market crashed. The median price paid for all homes in six Southland counties in September -- $275,000 -- was unchanged from August and 11% below the same month last year, according to San Diego-based MDA DataQuick...
..."I think prices are fundamentally at a bottom," said Richard Green, director of USC's Lusk Center for Real Estate. "There could be some weakness in the next year that brings things back down a little bit," he said, adding, "I wouldn't be jumping for joy yet, but these numbers are not bad."...