February 16, 2012 |
The Southland's housing market is flooded with cash-rich, bargain-hunting investors snapping up distressed homes and dragging down overall prices - but their presence also indicates the market could be nearing bottom. At $260,000, the region's median home price was only 5.2% above the low hit during the worst of the recession in 2009, according to San Diego research firm DataQuick. January brought a 3.7% decline in the median price, the point at which half the homes sold for more and half for less, compared with both a month earlier and a year earlier.
October 15, 2011 |
California home sales picked up in September from the same month last year as prices came down. Sales were up 6.7% as bargain hunters paying cash snapped up foreclosures. Sales figures remained below the average for September in Southern California and the Bay Area, according to DataQuick, a real estate information service based in San Diego. As is typical, sales were lower than in August, down 6.2%, for a total of 35,404 homes sold last month. The median price for a home sold in California in September was $249,000, down 6% from a year earlier and the same as in August.
August 6, 2011 |
At times like these in financial markets, Wall Street trots out all of the usual platitudes aimed at trying to soothe investors and avert more calamity. "It's never smart to sell into a panic. " "It's a good time to hunt for bargains. " And the classic: "You've got to hold on for the long haul. " Financial advisors use these lines partly because there are kernels of truth in them. Over the very long term the stock market has gone up, of course. And indiscriminate sell-offs can produce bargains.
March 29, 2011 |
A new bargain site is offering deals without locking you into travel dates. Yuupon.com makes its debut Tuesday. "Deals run for seven days, but people can get a full cash refund up to eight days after purchasing,” said founder Mary Song, who has been in the online travel business since 1999. "If travelers miss that initial refund window, as long as they cancel before their voucher expires, they can get a credit to their Yuupon account. " The site will showcase eight to 20 deals a week, including deals for midrange properties.
November 27, 2010 |
Armed with store floor plans, stacks of coupons and money to spend, hordes of shoppers hit the malls early, late and every moment in between on Black Friday. Most important, they said they were buying more this holiday season than last. Even so, shoppers said they had no intention of spending wildly this weekend and were still determined to score the best deals out there. "We are in it to win it," said Ilene Agan, 27, who arrived at a Toys R Us in Torrance two hours before the store opened, hoping to score Barbie dolls for her daughters.
October 25, 2010 |
The auctioneer's voice rang out above the murmured conversations with a staccato, "Going, going, sold!" A whack of his gavel signaled the sale of somebody's foreclosed house to a new owner, and the next round of speed-talking began. Concerns about botched paperwork that caused some major lenders to recently halt foreclosures in progress didn't dampen the enthusiasm of buyers gathered Sunday in a drab meeting room at the Ontario Convention Center to bid on bank-owned properties.