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Press RoomIn the NewsLos Angeles Times | Business: Home price index climbs in AprilBy Alejandro Lazo. An index of home values in the nation's largest cities increased in April over March after seven months of consecutive declines. June 26, 2012 "I feel reasonably good about housing for the first time in a long time. Inventories are way down, prices are very attractive relative to interest rates, and in 85% of markets it is better to own than to rent," Richard Green, director of USC's Lusk Center for Real Estate, said in a statement issued before the Case-Shiller release. "The one problem is that we have more than 4 million homes in the U.S. with upside-down mortgages and we need to figure out how to help them." |
