L.A. leads the Standard & Poor's/Case-Shiller index of 20 cities with a 1.8% increase. The national index rises 0.3% for its eighth consecutive increase. Some see recovery; others, a mixed picture.
A national index for home prices rose modestly in January, with California cities showing some of the strongest gains, an unexpected piece of good news for the nation's struggling housing market.
The closely watched Standard & Poor's/Case-Shiller index of 20 metropolitan areas, released Tuesday, rose 0.3% in January from the prior month on a seasonally adjusted basis. The index was down only 0.7% from the same month last year, the nearest the reading had come to positive territory in three years.http://www.latimes.com/business/la-fi-home-sales31-2010mar31,0,6735242.story