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Monthly Archives: October 2008
People Looking for Bottom of So Cal Housing Prices
Don’t count on that housing recovery any time soon. Southland home prices tumbled again in September, according to data released Monday, continuing a trend that began 14 months ago and bringing median values down 39% below their peak last year. … Continue reading
So Cal Housing – Sales Up, Prices Down!
Sinking home values continued to drive home sales in September as bargain hunters snared properties at 2003 prices. The median Southern California home sales price was $308,500 in September, the lowest since May 2003 and down 33% from the September … Continue reading
California Housing Key to Economic Recovery
SACRAMENTO, Calif., Oct 20, 2008 (BUSINESS WIRE) — – Today, the California Homebuilding Foundation (CHF), in conjunction with the Sacramento Regional Research Institute (SRRI) released the “The Economic Benefits of Housing” report which details the role new housing and the … Continue reading
Foreclosures Down Because Lenders Notify Owners
A new state law requiring lenders to contact homeowners prior to foreclosure filings has led to a dramatic drop in foreclosure activity in California in September, according to the website ForeclosureRadar. The impact of the state law is so dramatic, … Continue reading
California Banks & Subprime Lender – Here Come The Judge!
The top federal prosecutor in Los Angeles indicated Thursday that charges are coming soon from a sweeping investigation of banks and subprime lenders for their role in the nation’s mortgage crisis. “I think we are going to see some fairly … Continue reading