Average price for L.A. home: $414,000

Gosh. The heat is really on in the L.A. real estate market. More home sales closed in L.A. County in June than in any June since 1989, but the average home price still jumped by 32% to $414,000, according to the L.A. Times. It's the first time that the median has soared over 400 grand. The big questions: Is it a bubble? Will the market cool off - and become a little bit more affordable for us??