"The Los Angeles Times reported data from DataQuick that indicated a 4.6 percent rise in home prices in Southern California, a rise that put home prices up by 28 percent year-over-year. June's increase was the largest percentage increase on record. This rising trend has been holding steady, with home prices posting significant gains each month until now. July's figures remained flat, and Stuart Gabriel, director of UCLA's Ziman Center for Real Estate, said the market is finally normalizing..."
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