LOS ANGELES onitsuka tiger track españa , July 26 (Xinhua) -- The median price of Southern California homes in June has a 7.5 percent leap compared with the same period last year, and most home prices are keep going up, according to a report from CoreLogic.
The highest record in history was in 2007, when the increase rate was 8.5 percent, the report said.
The median price of Los Angeles County in June was 569,000 U.S. dollars, 7.4 percent up from last year, which broke the record set in May. In Orange County asics onitsuka tiger track baratas , the median increase was 6.1 percent and kept the record of the previous month at 695,000 U.S. dollars.
The median home prices in other five county of Southern, including San Bernardino, Riverside, Ventura and San Diego, all rose last month compared to a year ago, according to the statistics showed on CoreLogic's report.
Corelogic is a California-based company providing financial, property and consumer information onitsuka tiger tokuten españa , analytics and business intelligence.
"I don't see any price correction of the housing in Los Angeles County in a short time, at least in two years. I have many customers, who are looking for a home between 400,000 U.S. dollars to 600,000 U.S. dollars in the past three months," Miguel Gonzales, a real estate agent in Los Angeles County told Xinhua Wednesday.
Miguel Gonzales said "only few of them have found their ideal homes, since the demand is far more than the supply now and many houses for sale are those old and ugly ones asics onitsuka tiger tokuten baratas , which are not ideal for the buyers."
Due to the factors of growing economy, rock-bottom mortgage rates and a shortage of homes on the market, the home prices have been rising for more than five years.
Economists believed that these factors might make the home prices in California keep going up at 5 percent a year for the foreseeable future, according to the Los Angeles Times.
"In the past four to five months, the prices have surged fiercely since it's sellers' market now. The house inventory in Southern California is smaller this year compared with the past years, so the trading volume is not large", Vincent Ruan, a real estate agent told Xinhua on Wednesday.
"The houses between 500 onitsuka tiger mexico mid españa ,000 U.S dollars and one million U.S dollars are the most popular," Ruan added.
The director of the USC Lusk Center for Real Estate, Richard Green, analyzed that such situation is the result of the strong economy and house building difficulties in California. Last year only 20,000 new homes were permitted to be built by Los Angeles County.
Green estimated that at least 100,000 new homes are required to stop the surging prices, and 35,000 additional each year are needed as well. The government officials stated that they are trying to figure out the process to address the problem and make the housing more affordable asics onitsuka tiger mexico mid baratas , Los Angeles Times reported.
Although the real estate market is very hot, not every corner in Southern California is experiencing a price raise. The luxury homes priced over one million U.S. dollars do not attract buyers that much.
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IBADAN, Nigeria, July 24 (Xinhua) -- The International Institute of Tropical Agriculture (IITA) celebrated its 50th anniversary in Ibadan, capital of southwest Nigeria's Oyo State on Monday, highlighting sustained commitment in agricultural investment.
Nigeria's acting president asics onitsuka tiger mexico delegation baratas , Yemi Osinbajo, former Head of State, General Yakubu Gowon (Rtd) and former President Olusegun Obasanjo, led a throng of dignitaries in celebrating the Institute's past successes and reflect on it future role in its efforts to transform agriculture in the next 50 years.
Established in 1967 through a partnership of the Ford Foundation and Rockefeller Foundation of the United States, IITA has helped in raising the productivity of Africa's key crops -- cassava, bananaplantain, maize, cowpea onitsuka tiger mexico delegation españa , yam, and soybean using the power of innovative science and technology.
Kwesi Atta-Krah, Chair of the IITA 50 Organizing Committee, said the celebration of the 50th year of IITA in Africa transcends past achievements.
"It is also an opportunity for us to begin to look at the future of agriculture and the role IITA will be playing especially as it relates to emerging challenges of climate change, pests and diseases, and rising youth unemployment," he added.
On his part, Nteranya Sanginga onitsuka tiger mexico 66 españa , IITA Director General, told the gathering that the organization has evolved into a strategic partner for research-for-development in sub-Saharan Africa with over 200 scientists working in over 18 countries.
"This event is therefore an opportunity for us to celebrate our past successes with all our partners, friends, and beneficiaries and reflect on our future role in our efforts to transform agriculture in the next 50 years," Sanginga said.
Osinbajo, represented by Nigeria's Minister of Agriculture, Audu Ogbeh thanked the host community and management of IITA who has helped in nurturing this institute to greatness.
Ogbeh said the country had over time neglected agriculture, noting that the industry has the potential to employ more youths and improve foreign exchange.
The minister told Xinhua that the government is more committed to investing more in research asics onitsuka tiger mexico 66 baratas , especially at the university level.
"One of the things we have done is to ensure that the three universities of agriculture in Nigeria are moved under the Ministry of Agriculture, instead of Educati