March 18, 1997 |
Home resales edged up slightly in the San Fernando Valley in February, but despite shrinking inventories, both median and average prices fell. "That's the biggest surprise--that prices aren't going up," said Mel Wilson, president of the San Fernando Valley Board of Realtors. "Normally when inventories dwindle, prices firm up." Wilson suggested that foreclosures continue to drag down prices. A total of 659 single-family homes closed escrow in February, up 5% from 626 in February last year.
November 1, 1997 |
Bob Blinick and Judy Parks explored the idea of selling their Santa Monica house in 1995 but discovered an anemic real estate market and depressed property values. They decided to stay put. This summer, however, Blinick and Parks found a far different market when they put their four-bedroom home up for sale at $599,000. The house sold within five days at $21,000 more than the asking price, after a bidding battle in which several rival buyers submitted all-cash proposals.
CALIFORNIA | LOCAL
September 14, 1999 |
San Fernando Valley home values dipped nearly 3% from July to August, a drop industry analysts blamed on a traditional summer slowdown. Even so, Santa Clarita Valley home prices rose 7.5% last month. The median price for San Fernando Valley resale homes that closed escrow last month was $212,000, down from $218,000 in July, according to figures released Monday by the Southland Regional Assn. of Realtors. Condominium values in the San Fernando Valley dropped 3.
October 28, 1996 |
Back in the 1980s, when this was the fastest-growing city in the United States and promoted itself as a "city poised for the 21st century, a city of promise," the seeds of a municipal financial crisis were being sown. But they went undetected, or ignored, and now--just a few years after its heyday--the city is on the brink of financial catastrophe.
November 10, 1989 |
Housing prices in Los Angeles moved up slightly during October, and the pace of home sales picked up from the previous month, the Los Angeles Board of Realtors reported today. The upturn almost wiped out the sharp drop in prices and home sales during September. However, the inventory of homes for sale remains unusually high, reflecting a cautious attitude among would-be home buyers, said J. Blair Pence II, president of the board. The median price was $469,000, up about 2% from September.
CALIFORNIA | LOCAL
June 22, 2008 |
Jerry Worthy is as much a product of this city as the oil pulled from its ground. He was born here 44 years ago. He attended its schools. Now an accountant, he owns a home in one of its newer subdivisions with his longtime partner, Gilbert Reyna, 46. Both men say that despite the city's image as a bastion of intolerance, revived most recently by the Kern County clerk's refusal to perform same-sex marriages, for the most part they are left alone. "We're just really boring," Worthy said.