What do North Hollywood, Tarzana, Glendale, Rancho Park and the heart of Hollywood have in common? They each have entire zip codes where the median home price now tops a cool million, Howard Fine says on the front page of the L.A. Business Journal. "The million-dollar home used to be huge. Now itís nothing anymore," said Susan Barber, a residential real estate agent. "Middle-class professionals are buying million-dollar homes all over L.A." The poster child for the trend is a 2,700-square-foot, 4-bedroom, 3-bath tract house in Tarzana that the real estate agent calls "the opposite of a mansion." It's listed for one-point-three.
* Monday story: The Daily News ledes with the fading dream of an affordable home in the Valley.