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EconomyHousing Prices in California have increased by 25%

Housing Prices in California have increased by 25%

A home for most Americans is a savings account. According to the latest S&P/Case-Shiller Home Price Indices, home prices are on the rise. The S&P Home Price Indices are the leading measures of U.S. residential real estate prices. This suggests that the steep declines of 2005 – 2009 are behind us and prices may continue to rise.

The west is showing the greatest rebound, with the LA Times reporting a 25% increase in housing prices for some markets in California. In fact, even actors are starting to offer up their Southern California multimillion dollar homes.

The North-East area and parts of the manufacturing areas show the least amount of price increases.

LPH
Layne Heinyhttp://www.layneheiny.com
LPH is a high school physics teacher interested in the Apple iPad and iPhone, Microsoft Surface, Tablet PCs, and other mobile devices. He resides with one large dog who begs for pizza, hamburgers, French fries, and anything else on the dinner table.

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