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Press RoomIn the NewsLos Angeles Daily News: Real-estate price spike in 2013? Maverick investor Bruce Norris thinks soBy Gregory Wilcox. Most experts predict a modest price recovery in the Southern California housing market during 2013. Not Bruce Norris. The Inland Empire investor says get ready for a 20 percent price spike by this time next year. January 12, 2013 Not everyone sees things the same way. Many economists and housing experts are looking at flat to modest growth in prices for 2013. Gary Painter, director of research at the USC Lusk Center for Real Estate, thinks at most the Los Angeles area will see about a 3 percent increase. The California Association of Realtors has predicted an increase of about 5.7 percent. Link: Los Angeles Daily News |