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Shiller Time: LA Home Prices Have Biggest Jump Since 2006

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The Case-Shiller index, which compares sale prices of like-for-like houses, can sometimes feel a little anti-climactic, since it comes out about six weeks after its competitor DataQuick, but the March numbers are still pretty striking: in LA, the home price index was up 2.3 percent over February and 16.6 percent over March 2012. That puts LA well above the 20-city average--10.9 percent increase over the previous year--and LA is one of seven cities that posted its highest month-on-month gains since 2006. Go Los Angeles! Maybe?
· Home Prices See Strong Gains in the First Quarter of 2013 According to the S&P/Case-Shiller Home Price Indices (pdf) [Official Site]
· State O' The Market Archives [Curbed LA]