Southern California home prices jump to a new record high

latimes.com -

latimes.com—Southern California’s median home price jumped 8.4% in March from a year earlier, setting a new all-time high, as hopeful buyers engaged in bidding wars over a limited supply of homes on the market.

New Home Sales Rebound To 4-Month Highs As Prices Near Record High. Following yesterday's rebound in existing home sales, new home sales followed the same path, jumping 4.0% MoM in March (more than double the 1.9% rise expected) to 4-month highs, from 667K annualized, to 694K, the highest since November. Notably February's -0.6% drop was revised dramatically higher to a 3.6% rise, making March's 4.0% surge even more impressive... Still, the geographic breakdown leads to some questions, because while most regions were flat or sharply lower, it was only new...