Housing Wire: California’s Prices Off 28 Percent From Peak; Housing Risk in Los Angeles Soars
Study: Bargain-hunters may soon end California's real estate 'free fall'
[SJ Mercury News]
The "free fall" phase of the California housing market bust could end soon, as bargain-hunters begin buying homes in parts of the state hardest hit by foreclosures, according to a new economic report issued by the UCLA Anderson School of Management.
Housing Wire: In California, “Back to the Bene” At Record Levels
Lenders — called the “bene” by foreclosure auctioneers, short for beneficiary — took back California foreclosures into inventory at a record pace in May, to the tune of $10.4 billion.
Record low California housing production forecast for 2008
CalPERS: Fund caught off guard by extent of downturn
[SacBee -- California Politics]]
CalPERS stands to lose a chunk of its $947 million investment in a Los Angeles land development that's filed for bankruptcy protection.
