A report out Tuesday from CoreLogic shows the Southern California median home price jumped 7.1% in March from a year earlier, hitting $480,000 in the six-county area. And then they bid over asking — way, way over asking. In one case, they offered $102,000 above the $798,000 list price for a three-bedroom Spanish-style home in Mount Washington. “Four hundred people on an interest list, that’s a lot for 10 homes,” the company’s chief executive Michael Marini said. At one house in Eastvale he brought a client to earlier this year, 100 people showed up.

Source: Los Angeles Times April 25, 2017 17:56 UTC