RSS FeedsFULL COVERAGE: SOUTHLAND HOUSING MARKET
Recent coverage of the current Southern California housing market and related issues.
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 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, due to space limitations, cannot all be listed by name.
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 are not all listed by name.
The Westwood builder, which is focusing on entry-level homes, expects the industry's slump to linger.
WASHINGTON -- Sales of existing homes edged up slightly in May although median home prices continued to fall.
Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the depth of the nation's housing woes.
The chart lists median prices in thousands of dollars for sales of existing single-family homes and condominiums by ZIP Code.
The figure falls to $339,000, the steepest monthly decline in at least two decades. That's drawing an influx of first-time buyers.
ENTERTAINMENT
Some are testing offering online and cable rentals on the same day as DVD releases to boost sales.
State officials pass over nearly 100 requests for needy neighborhoods to recommend $30 million for improving the area around the L.A. Live entertainment complex.
Money Makeover
With housing prices dropping, the young L.A. police officer is looking for a bargain. But how to buy while saving for retirement?
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, due to space limitations, cannot all be listed by name.
HOUSING SCENE
Homeowners and agents alike need to be realistic about the market and list for less.
NATION'S HOUSING
The Fed estimates an $880-billion national loss in home values. But the individual view may not be bleak.
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.
Dow gains 68 points as crude falls below $129 a barrel and sales of new homes show unexpected strength.
REAL ESTATE
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, due to space limitations, cannot all be listed by name.
HOUSING SCENE
WASHINGTON -- Prices for both new and resale houses were a mixed bag in the first quarter. One-third of the nation's 32 largest metro areas saw their average price fall, but gains in the others were enough to offset the losses -- although not by much.
MARKETS
Dow sinks 145.99 points, down 3.9% for the week, as oil prices continue to climb and investors worry that post-Memorial Day trading may bring more losses.
He sees a continued decline in housing prices, and doubts we'll ever see $2-a-gallon gas again.
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%.
HOT PROPERTY
Since summer, when he started on a 91-date world tour, shock-rocker Marilyn Manson has been gone a lot from his home in Chatsworth.
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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