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BUSINESS
January 21, 2012 | By Alejandro Lazo, Los Angeles Times
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.
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NATIONAL
May 19, 2013 | By Matt Pearce, This post has been updated, as indicated below.
A series of tornadoes raked a broad swath of the Midwest on Sunday, destroying homes and a trailer park in Oklahoma, killing one person and injuring at least 21 others, officials said. As night fell, rescuers with flashlights picked through the rubble of a trailer park in Shawnee, Okla., that was heavily damaged in the storm, as were a number of homes across the state. [Updated, May 19, 9:36 p.m.: The Pottawatomie County sheriff's office said late Sunday that one body had been found at the trailer park, the Associated Press reported.
BUSINESS
June 29, 2012 | By Michelle Maltais
When will the mantra "home, sweet home" shift to "home, smart home"? For decades from about the 1950s, many expected that it would happen in the 21st century. In fact, it was a preoccupation expressed in books, amusement park exhibits, TV shows and movies. The question of whether our homes -- the place where we lay our heads and charge our gadgets -- will get to move the tassel and graduate to the distinction of being "smart" was put to a group of 1,000 experts, observers, and critics.
BUSINESS
February 27, 2010 | By Alejandro Lazo
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
June 6, 2013 | By Jean Merl
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.
BUSINESS
June 13, 2013 | By Andrew Khouri
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.
BUSINESS
April 10, 2012 | By Alejandro Lazo
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.
BUSINESS
October 12, 2012 | By Alejandro Lazo
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.
BUSINESS
April 11, 2012 | By Walter Hamilton, Los Angeles Times
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.
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