Los Angeles County Home Prices cool, at least a little

According to a LATimes.com article, "For the first time in 19 months, the year-over-year rate of housing appreciation in Los Angeles County has dropped below 20%, statistics released Wednesday showed. "

The January median home price rose 17% to $414,000, the slimmest increase since June 2003.

This doesn't mean housing prices are dropping any time soon according to real estate experts, instead, many analysts are predicting that home prices will reduce to about 10% gains by the end of the year.

Click here to be contacted by a Los Angeles real estate agent.