Southern California housing market still under siege
[Los Angeles Times - Top News]
Outlying areas like the Antelope Valley and the Inland Empire have long appealed to people who were willing to accept a burdensome commute for the chance to own a better house. But buyers are increasingly factoring gasoline costs into their purchase decisions, said Dan Griffith, a Rancho Cucamonga-based real estate agent.
LandSource bankruptcy leads CalPERS to rethink land holdings
Just days after being burned by LandSource Communities Development LLC's Chapter 11 filing, the California Public Employees Retirement System is reportedly mulling selling part of its $2 billion in residential land holdings.
A cold market for jumbo loans shows signs of a thaw
[L.A. Times - Business]
Despite the government's effort to address one of the repercussions of the sub-prime meltdown, jumbo mortgages -- those exceeding $417,000 -- have remained difficult to obtain and relatively expensive. But there are signs of normalcy returning to the jumbo market.
