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Shiller Time

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Yesterday's S&P/Case-Shiller Home Price Index showed that housing prices in the Los Angeles metropolitan area are holding steady compared to rest of the country, according to the Pasadena Star News. "Los Angeles joined San Francisco (2.2 percent), San Diego (3.0 percent) and Washington, D.C. (3.7) percent as the only major metropolitan regions with positive growth in prices as of October....otherwise [the data] showed a deceleration in the annual growth rates of the nation's most populous areas." [PSN]