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Long Beach Business Journal: Approaching Fiscal Cliff Threatens Recent Gains in Real Estate

By Joshua H. Silavent. There is a long road ahead before the nation's jobless rate resumes a stable level – it currently stands at 7.9 percent. But positive trends in the labor market are emerging throughout California.

November 06, 2012

Pent up demand, low inventory, cash investors, increased sales prices and a lack of distressed properties on the market are contributing to a healthier single-family market, said Gary Painter, director of research at the USC Lusk Center for Real Estate.

"We've seen about five or six months in a row of the right direction in the housing market," Painter said. "My forecast is that you'll see more of the same."

For the full article, see the link below:

Link: Long Beach Business Journal