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10 Cities With the Fastest-Rising Home Prices

Detroit, Phoenix among most improved cities on Case-Shiller list

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#6: Los Angeles

LosAngelesYOY Increase: 14.1%

No matter how you slice it, things are moving up in Los Angeles. The city’s 14.1% year-over-year increase in home prices was 2 percentage points better than January’s climb.

Things got sweeter month-over-month as well. Prices gained 1% from January to February — the third highest gain out of all 20 cities and slightly better than the 0.9% increase from December to January.

Many don’t think L.A.’s big gains are a good thing, though. The Los Angeles Times reported that the city’s rising prices are making “it more prone to a new housing bubble than many other major cities,” since the prices are rising significantly faster than income.

Others are referring to the nation’s second most-expensive market as approaching a mini-bubble.

Article printed from InvestorPlace Media,

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