In this photo taken Tuesday, July 17, 2012, a single family home is for sale in the Hollywood area of Los Angeles. The housing market in Los Angeles has stabilized during the past year.

 

              In this photo taken Tuesday, July 17, 2012, a single family home is for sale in the Hollywood area of Los Angeles. The housing market in Los Angeles has stabilized during the past year.
In this photo taken Tuesday, July 17, 2012, a single family home is for sale in the Hollywood area of Los Angeles. The housing market in Los Angeles has stabilized during the past year. More homes that are not in some stage of foreclosure have been selling. But the job market has been improving slowly, so it's not creating the kind of demand needed to move prices higher. (AP Photo/Damian Dovarganes)