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FULL COVERAGE: SOUTHLAND HOUSING MARKET
Recent coverage of the current Southern California housing market and related issues.
SOUTHLAND HOME PRICES
This chart lists median prices in thousands of dollars for sales of existing single-family homes and condominiums. Percentage changes are a year-over-year comparison for the reporting month. The price per square foot in the far-right column includes only single-family home sales and does not include attached garages. Prices provided by MDA DataQuick in La Jolla, Calif., are drawn from official county records and are determined on the basis of the documentary transfer tax, when paid in full. If you have a question, call (909) 878-1051 or go to dqnews.com.
Two government lots were sold for $1 each to a housing corporation that lacked the tax-exempt status it claimed. The group was founded under the direction of Tyrone Freeman, head of the local.
First-time buyers will get a chance to own one of three new low-cost homes. Former gang members and high school dropouts learn a variety of construction skills that could boost future employment.
Low-cost foreclosures lure buyers, but the inventory of unsold properties hits a high.
THE WEEK AHEAD
Personal spending and income figures also are expected. Month-over- month inflation is expected to be up.
DEALS
B & B Italia, Cassina, Kartell, Alessi and Christiane Celle's Calypso are among the stores offering discounts.
Editorial
Sales rose in July; foreclosures slowed. In Sacramento, there's progress on a mortgage reform bill.
Home sales in California surged more than 12% in July from a year ago -- the biggest jump in sales in four years, a research firm said Tuesday.
The year-over-year increase, spurred by falling prices and foreclosures, is the first since September 2005. Los Angeles County sees a slight drop in sales.
Barbeques Galore Inc. is feeling the heat of the real estate downturn.
Housing prices are falling, and first-time buyers can't get credit. Sound familiar?
New condominium and apartment projects in Brentwood, Studio City and other affluent areas would be required to include units for very poor people.
FROM OUR BLOGS
Mortgage insurer PMI Group's latest report on the risk of falling home prices concludes there are "two distinctly different paths" right now: Most of the nation's housing markets are showing signs of improvement, but bubble-inflated markets in California and Florida are showing signs of further deterioration amid rising foreclosures.
But with few projects on the horizon, good deals that are available now may not last.
TRENDS
Items like feathers and bones can potentially come from endangered species. Keep proper documentation and be wary of Internet sales.
Purchases of foreclosed and lower-priced properties drove a 5.3% rise in June after a 4.9% decline a month earlier.
MORTGAGES
The bank started tightening lending standards in 2005. But it has seen a leap in delinquencies.
Though the decades-old contracts are illegal, their rules are still attached to some deeds. State legislator Hector De La Torre has introduced a bill that would clear them from public records.
The chart lists median prices in thousands of dollars for sales of existing single-family homes and condominiums by ZIP Code. Community names are included for convenience. Some ZIP Codes include multiple cities that, because of space limitations, cannot all be listed by name.
Sales of new homes fell in June for the seventh time in the last eight months, but the decline was less than expected, raising faint hopes that the nation's severe housing recession could be approaching a bottom.
WASHINGTON -- Government data show sales of new homes fell in June for the seventh time in the past eight months in further evidence that the nation is still in the grips of the worst housing slump in decades.
THE ECONOMY
Mortgage rates fall across boardSAN DIEGO -- A research firm says home prices in the San Francisco Bay area plunged 27.1 percent in June to the lowest level since March of 2004.
Prices in the six-county region drop 29.3% in June compared with a year earlier. Some areas see sales rise as foreclosed houses are deeply discounted.
LOS ANGELES
The Los Angeles City Council approved plans Friday for a 16-story residential tower in Hollywood, after weeks of warnings that construction work on the project could disrupt recordings at the landmark Capitol Records building next door.
The Legislature has approved placing a $900-million bond measure before voters in November to aid returning military. A water bond proposed by the governor and Sen. Dianne Feinstein faces scrutiny by
Proposition 13 is credited with stabilizing California counties' tax bases even though valuations are lowered on thousands of homes.
WASHINGTON -- A measurement of pending home sales fell to the third-lowest reading on record in May as the housing market's recovery continued to prove elusive.
THE SCOUT
The home furnishings designer will close its La Brea store to focus on Web sales. Look for large markdowns.
OUT THERE
In the inland city, sold as a sort of Napa of Southern California, as many as 15% of the 22,500 single-family homes may be bank-owned or in some stage of foreclosure.
Conquest Student Housing agrees to stop challenging rival developers' plans to build within two miles of the university's main campus.
Tax revenue is down considerably across the nation, creating budget shortfalls and forcing hard choices on what to cut.
THE BIG FIX
Southland house prices have risen past sustainable levels for most homeowners.
MORTGAGE MELTDOWN
Though the city in theory stands to benefit from Bush's mortgage relief plan, agents and homeowners say it may be too little too late.
THE ECONOMY
The White House's move to deal with the growing foreclosure rate comes amid concerns about the '08 elections.
LOANS
The mortgage lender is subpoenaed over charges to homeowners in bankruptcy.
Local prices of single-family homes fell 7% in September from a year earlier. San Diego had the third-biggest drop, at 9.6%, about double the average in a survey of 20 metro areas.
Eric S. Broida wants to trade up. He has been eyeing a multimillion-dollar house near his Pacific Palisades home and thinks it might be a bargain. Eventually, that is.
Those at the San Diego event urge more help for mortgage borrowers at risk of foreclosure.
Programs help low- and moderate-income buyers finally get in the door.
Southland purchases in September fall nearly 50% from a year earlier. Prices drop overall, but L.A. County's rise 1.2%.
REAL ESTATE
Discounted new homes and foreclosures sink sales of existing houses.
REAL ESTATE BLOGS
By Peter Villes
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SOUTHERN CALIFORNIA NEIGHBORHOOD PAGES
Click on the cities and neighborhoods below for descriptions of life in these Los Angeles areas.
- Alhambra
- Arcadia
- Beverly Hills
- Brentwood
- Burbank
- Culver City
- Glendale
- Hollywood
- Huntington Beach
- Irvine
- Laguna Beach
- Long Beach
- Malibu
- Newport Beach
- Orange County
- Pasadena
- Santa Monica
- Sherman Oaks
- Studio City
- Torrance
- West Hollywood
- Woodland Hills
- Arcadia
- Beverly Hills
- Brentwood
- Burbank
- Culver City
- Glendale
- Hollywood
- Huntington Beach
- Irvine
- Laguna Beach
- Long Beach
- Malibu
- Newport Beach
- Orange County
- Pasadena
- Santa Monica
- Sherman Oaks
- Studio City
- Torrance
- West Hollywood
- Woodland Hills
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