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Up and Up

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Via the Wall Street Journal, news that the median sale price rose for two consecutive months in our fair state. And it's news that would seem to contradict some of last week's so-much-glut-home-prices-still-dropping story: "California's median price for existing homes rose 1.4% in April from March, marking the second consecutive monthly increase in housing prices and prompting some industry officials to declare that the state's long swoon in housing values could be at or near the bottom...Los Angeles County's median rose 1.9% in April from March, after falling 31% over the past year." Still struggling, Westside?: Given the lack of financing available for more expensive homes, the higher end of the market isn't seeing much movement, according to the paper. WSJ]