"The median home price in Southern California rose about $25,000 in March alone to hit $345,500, underscoring the region's fast-paced recovery. "Those levels of house-price increases cannot be sustained, and will not be sustained, and nobody should make the mistake that we are back in the bubble period," said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate. "The price increases will elicit new supply, and we see evidence of that new supply in the new home market."..."
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For media inquiries: JackSkelley@JSPRLA.com
For general inquiries: ziman.center@anderson.ucla.edu
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04/18/2013
The LA Times: " Southland Median Home Price In March Increases Again"
About UCLA Ziman Center for Real Estate
- UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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