May 14, 1999 |
The price of a typical home in Orange County moved up 5.5% last month to $232,000, the 23rd month in a row that prices have chalked up gains over the same month a year earlier, a real estate research firm reported Thursday. Home sales set a record in April, as agents reported brisk activity, particularly at the lower end of the market. Sales climbed 1.5% to 4,658, surpassing the previous high for April, which was set last year, according to Acxiom/Dataquick Information Systems of La Jolla.
October 21, 2003 |
The number of homes sold in Southern California stayed red-hot last month, surging 25% from a year earlier to their highest September level in 15 years, according to figures released Monday. Sales and prices did generally take their regular, seasonal dip in September from August, and the real estate industry is watching closely to see whether the market follows normal trends and cools further as the year-end approaches.
September 27, 2005 |
Federal Reserve Chairman Alan Greenspan on Monday warned home buyers to be wary of exotic mortgages that allow them to hold down monthly payments or defer principal payments in the early years. If the red-hot housing market cooled off, Greenspan said, "these borrowers, and the institutions that service them, could be exposed to significant losses."
January 17, 1995 |
Capping off a year of good news-bad news for the local housing market, sales of existing single-family houses and condominiums in the San Fernando Valley in 1994 rose to their highest level since 1989, but sale prices continued to plummet. A total of 12,451 residential properties were resold in the Valley last year, up 19% from 10,506 in 1993 and the most sold since 1989, when 17,310 houses and condominiums changed hands. Sales of single-family houses jumped to 10,860.
April 13, 2006 |
If this is a bubble, it's sure taking a long time to pop. For the first time, the median price of a Los Angeles County home topped the half-million-dollar mark last month, data released Wednesday showed. Four years ago, the median was half that. By doubling in such a short period, it's no wonder Los Angeles County appears on many lists of the nation's most-overvalued home markets. The increasing prices comfort recent home buyers such as Brian Kite.
CALIFORNIA | LOCAL
February 21, 2001 |
Marketing professor Terrance Gabel's resignation letter struck a nerve among university recruiters trying to lure out-of-state educators to balmy and pricey Southern California. "One of my dreams was to own a home," Gabel wrote to Cal State Northridge administrators. "I will never do that here. In Missouri, I'll own a home next year." Gabel, who left for Truman State University in Kirksville, Mo.
August 15, 2003 |
Rising interest rates have the real estate community fretting that the party is coming to an end, but the shindig sure was in full swing in Los Angeles County last month. The median price for homes sold in the county hit an all-time high of $328,000 in July, up 5% from June -- and up more than 23% from a year earlier -- according to figures released Thursday. The year-over-year increase was the strongest since May 1989, the peak of the region's last housing boom.
September 24, 1991 |
To see the dramatic changes in the Antelope Valley's new-house market over the past year, Frances Abele and her husband only have to look outside to survey their tract in Palmdale. A year ago, the plan was to fill the tract with big two-story houses like the one the Abeles had bought. But today, with only about one-fourth of the project built, their developer has suddenly decided to finish the tract with houses up to 50% smaller and less costly.
September 30, 1995 |
Orange County home values have dropped an average of 18.9% during the past five years as a devastating real estate downturn has hammered prices throughout California, according to a new study. The county's decline is slightly greater than the drop in values throughout the state, but Orange County has weathered the real estate recession better than most areas of Southern California, the study found. Overall, homes in Southern California have declined 21.
October 4, 2006 |
Housing prices, slumping after a five-year boom, are projected to decline in more than 100 of the nation's metropolitan areas, with the Northeast, Florida and California among the areas hardest hit. The forecast by Moody's Economy.com, a private research firm owned by Moody's Corp., presents one of the starkest views yet of the housing slowdown that has been gathering force in recent months. The West Chester, Pa.