Southern California home prices jump to a record high

Los Angeles Times quoted Richard Green of the USC Lusk Center on the likelihood Southern California’s housing price surge will continue.

At some point the price surge will end, but if the economy doesn’t take a turn for the worse “this could run for a while,” said Richard Green, director of the USC Lusk Center for Real Estate.

“It’s not that there is suddenly going to be a flood of [newly constructed] single-family houses and condos,” he said.

 

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