L.A.'s median home price rose for a second consecutive month in April, indicating the market may be stabilizing--despite a slowdown in sales and the collapse of the subprime lending sector.
The median price of a home sold in Los Angeles County rose $15,000 from the previous month to $575,000. That was 2.7 percent higher than March, which itself was up $10,000 over February, according to HomeData Corp., a Melville, N.Y.-based company that tracks housing data nationwide Those ...