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LA Housing Market a safe bet, despite rising prices, Report Says

What may feel like a real estate bubble in Los Angeles — with all-cash offers and frenzied bidding wars — is actually the midpoint of a steady housing market recovery, analysts say. The UCLA Anderson Forecast released Monday (9/28/15) said L.A. is only three years into a rebound that started in 2012. Home prices have since climbed 27 percent. History suggests there will be four more years of price increases and home values will go up another 35 percent before there is any sort of correction. … While entering the market is tough, buying a home right now in Los Angeles isn’t as risky as the high prices make it feel, the report said.  For the full story, please click here.