Buying a home is a major emotional and financial investment. Many people will shop for one at least once in their lives, and they’ll be looking for something that meets their requirements, expectations, and budget constraints.

Yes, that’s right folks, it’s the housing bubble déjà vu all over again – at least in the City of Angels. According to news stories published this week (Los Angeles Times and CBS), housing prices rose 28.3 percent since last June.

A funny thing is happening again in the housing market in my neighborhood; houses are jumping in price by 30% or more. Now, it’s not like housing ever really “bottomed” out here – housing prices did dip a bit, about 15-20%, but they were still very expensive compared to the rest of the nation.