"The Southern California housing market, known for its dramatic swings, is settling into a more normal, healthy pattern. Home sales are up. All-cash and investor purchases are down. And home prices are rising at a more sustainable pace than in the last few years. Economists said those factors put the regional housing market on a path for growth that won't wash away in a tsunami of foreclosures and ruined credit scores. “The healing continues,” said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate..."
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