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South Bay Digs • May 22, 2015

The Census Bureau released data this week that housing starts rose 20.2% from March to April, to a seasonally adjusted annual rate of 1.135 million. That’s 9.2% higher than a year ago and the biggest monthly jump since November 2007.

Southern California’s housing market continued to push upward in April, with sales rising 8.5% compared to April last year, according to recently released homes sales data by CoreLogic. Last month, the median sales price increased 6% from $404,000 to $429,000 — that’s the highest median price for the region since November 2007, when it was $435,000. In Los Angeles County sales increased 6% from a year ago while the median price jumped 10% from $441,000 to $485,000.

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