BUSINESS
July 18, 2001 | DARYL STRICKLAND, TIMES STAFF WRITER
Home values in Los Angeles and Orange counties continued growing at a vigorous pace last month, led by sharp gains among moderately priced houses, according to a report released Tuesday. Sales of homes in Los Angeles County also exceeded expectations as consumers brushed aside concerns about the sluggish economy to take advantage of low mortgage rates. Analysts said the latest results suggest that the region's housing market will hold up well during the peak summer home-buying months.
CALIFORNIA | LOCAL
June 1, 2001 | DAVID HALDANE, TIMES STAFF WRITER
New homes built in Orange County should be equipped with automatic sprinkler systems to combat fires, the Orange County Grand Jury recommended Thursday. Such fire sprinklers, installed in the ceilings of new one- and two-family residences, could reduce fire-related property damage countywide by at least 60%, according to a grand jury report.
CALIFORNIA | LOCAL
June 1, 2001 | From Times Staff Reports
New homes built in Orange County should be equipped with automatic sprinkler systems to combat fires, the Orange County Grand Jury said Thursday. Such fire sprinklers, installed in the ceilings of new one- and two-family residences, could reduce fire-related property damage countywide by at least 60%, according to the jury's report. Most California counties, including Orange, adhere to the state building code, which requires sprinklers in commercial buildings but not residential structures.
BUSINESS
May 15, 2001 | DARYL STRICKLAND, TIMES STAFF WRITER
Boosted by entry-level and move-up buyers, home prices last month rose more than 10% in Orange and Los Angeles counties as the bellwether market for higher-end housing started to soften a bit. Analysts have been watching for signs of weakness in a surging home market that has defied a national economy soured by layoffs, poor corporate financial results and lagging stock prices. But housing overall has remained largely oblivious to the economic slowdown.
BUSINESS
May 1, 2001 | DARYL STRICKLAND, Daryl Strickland covers real estate for The Times. He can be reached at (714) 966-5670 and at daryl.strickland@latimes.com
Finding an apartment in Orange County isn't getting any easier. A new report by Marcus & Millichap, a brokerage in Newport Beach, predicts that that vacancy rate will be slightly below the minuscule 2.9% rate last year. Average apartment rents rose 8% last year to $1,050, according to the report. And landlords, with waiting lists in hand, figure to demand higher rents this year.
NEWS
April 18, 2001 | DARYL STRICKLAND, TIMES STAFF WRITER
Surging Southern California home prices last month matched a record in Orange County and set one in Los Angeles County, surprising analysts who expected the softening economy to slow down rising housing costs. The median price for an Orange County home rose 12.3% from March last year to $292,000, the same cost recorded in December, according to a report released Tuesday by DataQuick Information Systems Inc., a La Jolla research firm.