January 21, 2012 |
Home sales rose nationally in December, marking the third consecutive month that the market has shown improvement. Previously owned homes were sold at a seasonally adjusted annual rate of 4.61 million units, up 5% from November and 3.6% from December 2010, the National Assn. of Realtors said Friday. "The market for single-family homes picked up in the second half of 2011, after being stuck near the bottom for nearly three years," Patrick Newport, an economist with IHS Global Insight, wrote in a note to clients.
February 27, 2010 |
If you're still having trouble selling your house, you're not alone. Sales of previously owned homes in January stumbled considerably for the second consecutive month. The National Assn. of Realtors in Washington said Friday that sales fell 7.2%. January sales were the lowest since June but 11.5% higher than in January 2009. Previously owned homes make up the bulk of the nation's buying activity. Economists said that last month's sales drop from December was another sign the market is critically weak and unlikely to recover robustly this year as the potential for more foreclosures looms.
CALIFORNIA | LOCAL
September 22, 2012 |
Inside the white bungalow in Montebello, noise rules. The television blares; a robotic voice bellows from a red radio, updating National Weather Service information. A man with a Santa Claus beard - and the build to go with it - sits in a chair squeezing sallow lemons into a cup and talking about what he says are revelations from God. Two other men, self-proclaimed best friends, slouch on the sofa. Stephan Polfliet talks constantly and Mitchell Kautz stares off, presumably listening.
CALIFORNIA | LOCAL
June 6, 2013 |
The tally of homes reported destroyed in the Powerhouse fire rose dramatically Thursday, as authorities discovered 24 homes were burned out, more than double the previous estimate. Los Angeles County Fire Inspector Anthony Akins attributed the rise in damage to a survey by ground crews, who were able to explore the burn area more fully on Wednesday. Akins said he believes some of the additional destroyed homes are believed to be in a canyon near Lake Hughes. Fire personnel have the fire 78% surrounded and expect full containment around midnight Monday.
June 13, 2013 |
Home prices in the upscale Bay Area swelled last month, but tight inventory kept sales below average, driving bidding wars and frustrating would-be buyers. The median sale price for a home in the nine-county region hit $519,000 in May -- a 29.8% increase from the same month a year earlier -- real estate firm DataQuick said Thursday. That was a nearly 2% increase from April. Buyers purchased 8,541 new and existing houses and condos, down 4% from May 2012, but up 12.1% from April.
April 10, 2012 |
A nonprofit group has filed a bias complaint against Wells Fargo accusing the lender of poorly maintaining the foreclosed homes it owns in what the nonprofit calls Latino and black neighborhoods compared with those it owns in white areas. The complaint by the National Fair Housing Alliance to the U.S. Department of Housing and Urban Development comes after the group released a report last week concluding that in nine big American cities, foreclosed homes were taken much better care of in what it calls white neighborhoods than in those with residents of color.
October 12, 2012 |
Foreclosed homes made up just a sixth of the Southland's resale market last month - a level not seen in nearly five years and a major reason the market is rebounding so rapidly. Foreclosures accounted for just 16.4% of the resale market in September - a substantial decline from the same month last year when foreclosures accounted for 32.3% of the market, real estate firm DataQuick reported Friday. The decline is even more significant when compared to the worst of the region's foreclosure crisis, in February 2009, when foreclosed properties made up 56.7% of resales.
CALIFORNIA | LOCAL
September 23, 2013 |
Voluntary evacuation orders were issued for residents of several homes in the San Gabriel Canyon in Azusa as firefighters continued to battle a brush fire that had scorched at least 40 acres. The evacuation order came after 7 p.m. for the homes on Foxtail Court, which is part of a housing development on the north side of California 39, the Azusa Police Department said. The highway was closed north of Foothill Boulevard to allow fire engines and other emergency vehicles to access the brush fire area, according to police.
April 11, 2012 |
Their Occupy-like grievances were familiar as activists staged a day of protests throughout California to oppose income inequality and other issues. Their choice of locations was not. Rather than parks or other public venues, these protesters demonstrated outside the well-tended homes of executives from some of California's largest corporations. The Alliance of Californians for Community Empowerment, an offshoot of the embattled national group ACORN, organized the protests outside the homes of the well-known, such as Hewlett-Packard chief Meg Whitman in Northern California.