November 6, 2012
Pent up demand, low inventory, cash investors, increased sales prices and a lack of distressed properties on the market are contributing to a healthier single-family market, said Gary Painter, director of research at the USC Lusk Center for Real Estate.
"We've seen about five or six months in a row of the right direction in the housing market," Painter said. "My forecast is that you'll see more of the same."
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