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Standard Pacific Corp. Message Board

  • gregbent gregbent Jul 18, 2013 11:24 AM Flag

    June So Cali home prices rise at record pace.

    June Southern California home prices rose at a record 28% yr/yr to $385,000 but still remain 22% off the peak of $505,000. Lots of underwater mortgages disappearing - freeing up more people to trade up. Rather than just the Entry level and investor market moving. Great news - although lack of Inventory is hampering volumes.

    Sentiment: Buy

 
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