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Putting Out Welcome Mat: Heyler Realty co-owner Jae Wu at a Westside home listed for about $1.2 million.

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Home Prices Cross Threshold

HOUSING: Median surpasses $500,000 for first time since ’07.

L.A.’s median home price has passed $500,000 for the first time since 2007, but there’s little bubble worry.

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Home Prices Cross Threshold

The return of the bubble? Thanks to the economic recovery, the Westside tech boom, the end of the foreclosure wave and the return of cash-rich investors, L.A. has hit a milestone: The median home price has topped $500,000 for the first time in seven years.

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