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Southern California home sales jump, prices rise in March
Southern California home sales jump, prices rise in March

The Southern California housing market is awakening from a slumber. After a year of sluggish demand, more homes sold and prices perked up in March as an improving economy and short supply pushed up the median home price by $10,000, according to a new report. But whether strong price increases will continue is uncertain, economists said. If more owners don't list their homes for sale soon, the gains could accelerate as more buyers fight over slim pickings. On the other hand, the median price — $425,000 in March — might not be able to climb much higher, constrained by lackluster wage growth, some economists said. “Either story is possible,” said Leslie...

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