People (and by “people” we mean economist-types) keep telling us that there is some sort of softening of the market. Maybe the realtor-types aren’t full of hot air after all. According to the most recent CPI report, the cost of living is increasing, and housing is still outpacing inflation in Southern California.
Los Angeles housing prices – which include household fuels and utilities, shelter and other peripheral costs – increased 0.7 percent since December and 5.2 percent since Jan. 2006.Well, at least the renters and the buyers are equally SOL.
· Cost of Living On the Rise [LA Business Journal]