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State O' the Market: Recovery Watch

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Whoo, party, everything is great again! SoCal home prices hit $306,000 in July, the highest point since September 2008, according to the latest DataQuick numbers: "That was a 2% increase from June and up 8.1% from July 2011." According to the LA Times, "The housing market has been marked by a shift away from a surge of investors and first-time purchasers buying lower-priced, inland-area homes. The market is now seeing more regular buyers and people looking to purchase properties in 'move-up' neighborhoods." [LAT]