"Despite steep prices, experts don't see a bubble forming in these areas. "There are important, fundamental reasons that prices moved up," said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate. The neighborhoods are near job centers, the urban core and, often, good public schools, Gabriel said. The areas have also recovered faster because prices there simply didn't fall as steeply as in other areas during the crash. And each has unique factors driving the current price growth..."
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