Home-price declines hit a record
[Los Angeles Times - Top News]
Home sales rebound lifts hard-hit California county (Reuters)
[Yahoo! News: Business - Real Estate]
5-year O.C. homeowners still ahead
[The Orange County Register - O.C. Real Estate News]
Riverside, San Bernardino Post Steepest Home Price Drops in Southern California
-Riverside and San Bernardino counties in June saw the steepest year-over-year decline in median home prices in Southern California, while also posting the only year-over-year increases in home sales.
Southern California home sales and prices keep falling
[L.A. Times - Business]
Home prices plunged 29.3% last month from a year earlier, to a median of $355,000 in six Southern California counties, a real estate information service reported Wednesday. That's about where prices were in 2004.
Stealth Growth for LA?
Even as the Related Cos. moves into overdrive on its massive, high-profile Frank Gehry-led redevelopment of Grand Avenue in Downtown Los Angeles, a South Florida developer is hoping to bring off its own ambitious apartment complex redevelopment plan in a low-profile LA submarket: the $2 billion makeover of the 70-acre Wyvernwood Garden Apartments, east of downtown, in the Boyle Heights neighborhood.
Foreclosures skyrocketed 242 percent across the San Fernando Valley during May amid continued weak sales, factors that pushed prices down to levels not seen in four years, according to two reports released Thursday.
Big Calif. land bankruptcy won’t hit Lennar’s O.C. plans
[O.C. Register]
Lennar’s Aliso Viejo office, home to the Miami-based builder’s West Coast operations, played a role in arranging the bankruptcy filing of major California land owner LandSource. But LandSource’s woes should not impact Lennar’s plans for El Toro and Tustin airbases in O.C.
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.
By nearly any measure, the Los Angeles neighborhood of Hollywood has been radically transformed in the last 10 years, becoming a bar-hopper’s dream, a gourmet’s destination, and a rising shopping and housing district.
Southern California’s Housing Market Still Frozen: Report
4/15/2008 1:42:45 PM [Housing Wire] [PAUL JACKSON]
US housing crisis stifles Great park - Los Angeles Times
4/12/2008 1:00:32 AM
Nearly three years after the city approved a massive residential and commercial development at the closed El Toro Marine base in exchange for a grand park in the heart of suburban Orange County, Irvine officials and struggling home builder Lennar Corp. are in talks about revising the landmark agreement.
Is there room for any more homes in O.C.?
4/28/2008 7:14:37 PM [The Orange County Register - O.C. Real Estate News]
Median price of SoCal homes plunged 24 percent in March
Back to 2004 home prices in Southern California
RealtyTrac: Riverside-San Bernadino has second-highest foreclosure rate in nation
Home prices fall 19.4% in Los Angeles, Orange counties
Orange County home prices and sales, March 2008
Orange County mortgage defaults, first quarter 2008
Southland home prices tumble fast
3/14/2008 [Los Angeles Times - Top News]
Region sees a 19% decline from the peak in less than a year. Experts predict a continuing slide. Southern California home prices are now 19%...
Downtown not the center of it all
3/13/2008 [L.A. Times - Business]
The residential boom many expected in an area with 'rough edges' didn't happen. Now, condo prices are skidding. Downtown Los Angeles has seen a...
Silver Lining in Downtown L.A. Downturn
3/13/2008 [Business Wire Construction & Property News]
LOS ANGELES--(BUSINESS WIRE)--Bucking the trend of downtown Los Angeles’ delayed developments, rising residential inventory and sagging home sales, The South
