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BUSINESS
March 26, 2013 | By Andrew Khouri
The number of distressed properties that may soon hit the market declined in January, according to a new report. The nation's so-called shadow inventory fell to 2.2 million units in January, an 18% drop from the same month a year earlier, real estate data provider CoreLogic said Tuesday. That represents a supply of nine months. The Irvine firm calculates pending supply by estimating the number of homes that are in the foreclosure process, are owned by lenders or have seriously delinquent loans.
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SCIENCE
April 15, 2014 | By Tony Barboza
Greenhouse gas emissions in the United States dropped by 3.4% in 2012, federal environmental regulators reported Tuesday. The decline over the previous year was driven mostly by power plant operators switching from coal to natural gas, improvements in fuel efficiency for transportation and a warmer winter that cut demand for heating, according to an inventory released by the U.S. Environmental Protection Agency. The analysis shows the nation released the equivalent of 6,526 million metric tons of carbon dioxide in 2012, the lowest level since 1994.
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SPORTS
July 24, 2013 | By Bill Shaikin
The Angels claimed right-handed reliever J.C. Gutierrez on waivers from the Kansas City Royals, giving them another bullpen option. Gutierrez, 30, had a 3.38 earned-run average in 25 appearances in Kansas City. The Royals designated him for assignment last week. Gutierrez underwent Tommy John surgery in 2011. This is his first full season since the surgery. Gutierrez has a 4.58 ERA in 175 career appearances, most of them for the Arizona Diamondbacks from 2009-11. Angels General Manager Jerry Dipoto was a Diamondbacks executive then, including a short stint in 2010 as interim general manager.
BUSINESS
March 4, 2014 | By Jerry Hirsch
The winter chill on auto sales is melting into a buyers market. Dealer inventories have ballooned with the frigid weather across much of the nation in January and February. So automakers are turning to a tried-and-true method to move sheet metal - discounts. "If you are thinking about buying a car, now is the time to do it," said Scott Painter, chief executive of auto shopping information company TrueCar.com. After falling 3% in January, auto sales were unchanged at about 1.2 million vehicles in February, unchanged from the same month a year earlier, according to Autodata Corp.
BUSINESS
August 22, 2012 | By Alejandro Lazo
The Obama administration has little fear of “shadow inventory,” or eminent domain. Shadow inventory is the spooky name the real estate industry gives to a secret supply of homes on bank books or headed into foreclosure. In a meeting with Los Angeles Times editors and reporters Tuesday, Shaun Donovan, secretary of Housing and Urban Development, said the volume of distressed and lender-owned homes was down at Fannie Mae, Freddie Mac, the Federal Housing Administration (which is part of HUD)
REAL ESTATE
September 13, 1987 | DAVID M. KINCHEN, Times Staff Writer
The mid-year 1987 inventory of unsold new housing in six Southland counties fell to a new low of 12,221, down 22.1% from the 15,688 unsold units at mid-year 1986, and 19.2% from the 15,116 at year-end 1986, according to the Real Estate Research Council of Southern California.
REAL ESTATE
March 15, 1987
There were 15,116 unsold new housing units within the six counties of the Southland at the end of 1986, a new low, according to the Real Estate Research Council of Southern California's quarterly report released Thursday. It was a drop of 29.4% below the 21,403 units outstanding at the end of 1985 and was a 3.6% fall from the previous low of 15,688 in mid-1986, due to a 41% decrease in completed units, said Michael Carney, executive director of the organization based at Cal Poly Pomona.
NEWS
July 17, 1985 | GAYLORD SHAW, Times Staff Writer
The ease with which agents for Iran allegedly gained access to the Navy's $36-billion weapons and equipment inventory triggered expressions of concern Tuesday over whether national security was endangered by the military's massive--but apparently thinly policed--computerized supply system. "It sounds like they were ordering out of a Sears & Roebuck catalogue," one government investigator said.
BUSINESS
August 9, 2013 | By Lew Sichelman
Be patient. Hang in there. Keep trying. In one form or another, that's the advice some real estate experts give buyers in dealing with this overheated housing market. Yes, it is a good time to buy in terms of house prices and mortgage rates. If you find a good house at a good price and a loan at a good rate, go for it. But the inventory of available homes for sale is extremely low, for any number of reasons. In many markets, regular buyers are competing with investors who are willing to pay cash to turn properties into rentals.
NEWS
September 1, 2000
I am amazed! People freely admit to a newswoman that they are "pleasure-seeking" adolescents in the fifth or sixth decade of their lives ("A Place With Every Single Thing--and More," Aug. 13). Jack Eskenazi proclaims to all that he has been through the "inventory" (i.e., women) in the Marina City Club. Jack will not date "inventory" outside his area code. To Carole (Jack's current unit of inventory): Any man who sees a woman as "inventory" will someday try to buy, sell, lease or discount you. To all the Caroles and Jacks at the Marina: Get out of your mink-lined playpens and do something with the time left to you. What a sad fate to finish one's life in an opulent rabbit hutch.
BUSINESS
February 23, 2014 | By Kenneth R. Harney
WASHINGTON - If you're planning to shop for a home in the next few weeks, here's an early spring buying season come-on that just might save you some money if you qualify. Fannie Mae, the largest mortgage investor in the country, has a bulging portfolio of houses acquired through foreclosures nationwide. About 31,000 of these properties are listed on its HomePath (www.homepath.com) resale marketing site. To move them quickly out of inventory, Fannie temporarily is offering qualified owner-occupant purchasers - but not investors - cash incentives toward closing costs of 3.5% of the purchase price.
BUSINESS
February 12, 2014 | By Andrew Khouri
Southern California home buyers continue to turn their backs on an expensive market with few houses for sale. Home prices fell 3.8% in January compared with December, though the median price remained up sharply compared with January of last year, research firm DataQuick reported Wednesday. The price decline, coupled with falling sales, revealed a market that has lost momentum after an explosive price run-up in the first half of 2013. "Buyers are not overpaying," said Broker Derek Oie, owner of Century 21 the Oie Group in the Inland Empire.
BUSINESS
January 16, 2014 | By Andrew Khouri
California home sales plunged to a six-year low in December, while home prices rose, indicating a meager supply of homes on the market. Buyers across the Golden State purchased an estimated 34,949 new and resale houses and condos last month, 12.1% fewer than a year earlier and the lowest level for a December since 2007, research firm DataQuick said Wednesday. Prices, meanwhile, rose 1.4% from November to $365,000 last month. The state's median - the point at which half the homes sold for more and half for less - was 22.1% higher than in December 2012.
BUSINESS
January 15, 2014 | By Andrew Khouri
San Francisco Bay Area home sales tumbled to a six-year low in December, indicating a meager supply of houses on the market, according to a new report. Buyers in the nine-county region purchased 6,714 new and resale houses and condos last month, the lowest December level since 2007 and 12.7% below December 2012, research firm DataQuick said Wednesday. Sales fell in all counties, except San Mateo, where sales rose 18% from a year earlier. QUIZ: How much do you know about mortgages?
BUSINESS
December 12, 2013 | By Tiffany Hsu
With holiday spending on clothes and toys off to a chilly start, worried retailers are plying shoppers with an early gift: Black Friday-style bargains extended into the first weeks of December. Merchants get nervous each year during the dreaded early-December shopping lull, when consumers rest their wallets before swarming back into malls at the last minute - if they return at all. But this time, shoppers are splurge-shy, there's a dearth of hot new fashion trends and the key Thanksgiving weekend failed to deliver hoped-for sales.
ENTERTAINMENT
December 4, 2013 | By Joe Flint
There will be plenty of cars and beer being hawked in the Super Bowl but fewer Hollywood movies. Fox, which has the rights to this season's NFL championship, said it has sold all the commercial inventory for the game. Although Fox won't say how much it got for 30-second spots, Madison Avenue sources said the average price was around $4 million and some went for as much as $4.5 million. The Super Bowl is the most-watched television event in the United States. Last February's game between the Baltimore Ravens and the San Francisco 49ers on CBS averaged more than 108 million viewers, according to Nielsen.
BUSINESS
January 2, 2013 | By Alejandro Lazo
House hunters looking for bargain properties in the new year will probably be disappointed. A new report by Santa Ana firm CoreLogic shows pending home supply declined again in October. This shadow inventory fell 12.3% from the year prior to stand at 2.6 million units, or a supply of about seven months. The housing recovery that began last year was spurred by tight inventory and strong demand from investors and buyers motivated by record-low mortgage-interest rates. Those factors have helped push up prices in recent months.
NEWS
June 12, 1994
The National Park Service has awarded Santa Monica College a $15,000 contract to conduct an inventory of small mammals, birds and reptiles in the Joshua Tree National Monument, the first such study in the monument in over 30 years. About 20 students supervised by biology professors Norm Hogg and Walt Sakai will study the quantity and location of animals in the monument and also the animals' movement, longevity, juvenile-to-adult ratios and male-to-female ratios.
WORLD
September 25, 2013 | Shashank Bengali
Signaling that he may be serious about giving up his chemical weapons, Syrian President Bashar Assad has disclosed the locations of dozens of poison gas production and storage sites to international inspectors, according to Western officials. Officials familiar with Assad's disclosure -- the first step in complying with an ambitious U.S.-Russian plan to seize and remove or destroy his arsenal of chemical weapons by mid-2014 -- described it Tuesday as "a serious document" that comprises scores of pages and is surprisingly thorough.
WORLD
September 18, 2013 | By Shashank Bengali and Paul Richter
WASHINGTON - The ambitious U.S.-Russian deal to eliminate Syria's chemical weapons, hailed as a diplomatic breakthrough just days ago, hit its first delay Wednesday with indications that the Syrian government will not submit an inventory of its toxic stockpiles and facilities to international inspectors by this weekend's deadline. The State Department signaled that it would not insist that Syrian President Bashar Assad produce the list Saturday, the end of a seven-day period spelled out in the framework deal that Washington and Moscow announced last weekend in Geneva.
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