December 1, 2013 |
WASHINGTON - Why have many of the local housing markets that were hit hardest during the bust - especially in California - bounced back so vigorously and quickly, with prices close to or exceeding where they were in 2005 and 2006? And why have many others along the East Coast and in the Midwest had a slower move toward recovery, with sluggish sales and gradual increases in values? Though multiple economic factors are at work, appraisal industry experts believe that they have isolated a crucial and perhaps surprising answer: Real estate markets rebound much faster in areas where state law permits foreclosures to proceed quickly, moving homes with defaulted loans into new owners' hands expeditiously, rather than allowing them to sit and deteriorate, tied up in court procedures for years.
May 24, 2011 |
America: better than a lot of the alternatives. That sentiment seems to be guiding many investors this month, as world markets are rocked again by Europe's debt crisis and by fears of slowing global economic growth. Although U.S. stocks have sold off in May, their losses overall have been less severe than the declines in many other equity markets. What's more, investors continue to park cash in U.S. Treasury bonds, pushing interest rates lower. And the dollar, the weakling of world currencies for most of the last nine months, now is muscling its way higher.
March 28, 2010 |
My wife let me go to India on a cultural exchange program on one condition: Bring back plenty of presents. True to my word, I arrived home in California after a month in Delhi feeling like Santa — my giant duffel bag full of sparkly bangle bracelets and bindis, colorful bags, patchwork quilts, woven shirts, flowing skirts, ethnic shoes, original artwork, funky pillow covers, vibrant tablecloths, handmade stationery and much more. Best of all, these one-of-a-kind treasures cost less than $400.
February 16, 1986
I would like to comment on Los Angeles Councilman Mike Woo's announcement that two supermarkets were closing their doors in Hollywood (Times, Feb. 6). I believe these two closings are insignificant as well as warranted. Hollywood is overly saturated with major supermarkets. On my way home from work (West Hollywood to just east of downtown Hollywood) I could stop in a different market every night of the week (with choices left over). Several markets throughout Hollywood have modernized and renovated within the last few years, but certain markets just weren't popular with families and yuppie types who make major purchases.
June 7, 2006
GARDENA farmers market may be the first of the contemporary craze ["The Idea That Shook the World," May 24], but there were many before. The first I know of in Los Angeles began in the late 1940s and was run by the Central Labor Council of Los Angeles. JOE LUBOW Los Angeles
September 14, 2008 |
The takeaway in the annual Coldwell Banker home price comparison index, released Tuesday, isn't much of a surprise. Even in this dismal market, eight out of the top 10 most expensive U.S. housing markets are in California. Comparing the average sales prices of 2,200-square-foot, four-bedroom, 2 1/2 -bathroom homes, the survey of 315 American markets put La Jolla on top at $1,841,667, crowding out Greenwich, Conn., at $1,787,000. Rounding out the California contingent in spots three through eight were Beverly Hills, Palo Alto, Santa Monica, Santa Barbara, Newport Beach and San Francisco.
January 6, 2005
Re "Is This the End of the Party?" [Dec. 30]: In my work of producing, promoting and managing artists, I have been a strong advocate of more freedom in our society for over 25 years. I have always known that regulations, and the bureaucracies that create them, stifle commerce -- and worse, make it very difficult to compete against large corporations and chain stores. For many years now, artists have stood for socialistic management. They stand for a Trojan horse. In reality, the upsurge in art movements and entrepreneurial activity is now happening in places like Prague as well as the decayed downtowns in the U.S. For many years, it was easy to hide activities downtown because the regulators were not watching.
CALIFORNIA | LOCAL
September 21, 2001
Re "They Bet Against America," Commentary, Sept. 19: John Balzar's accusation that Wall Street let America down on its first day of trading after the Sept. 11 attacks could not be more wrong. Financial markets are the conduit for investors to trade securities with each new day's information. These markets are impersonal and do not require kindness or patriotism to operate. Although Balzar cites the fall of the Dow Jones industrial average by some 7% overall as an act of cowardice, he fails to mention that the prices of government bonds actually rose, thus lowering the interest rate that the federal government will pay on war bonds.
January 21, 2010 |
China, the primary engine leading the global economy out of recession, is starting to put the brakes on its fast-growing economy -- and the rest of the world is watching closely. Chinese regulators reportedly ordered some banks Wednesday to reduce their lending, the latest in a series of steps the government is taking to tighten credit and stave off the sort of asset bubble that felled the U.S. housing and credit markets. The move was expected, but nonetheless sent a shudder through global financial markets on fear that any moderation in China's expansion could stymie the global rebound and weigh on slow-growing countries such as the United States.
May 14, 1985 |
Free markets attracted more than 10% of China's retail trade last year and their share is increasing as the state relaxes price controls, the official China Daily newspaper reported. The English-language daily said there are now about 56,200 free markets in China. In the first quarter of 1985, the markets reaped more than 13 billion Chinese yuan (about $4.5 billion) and sales are expected to rise 20% for the year as a whole, the report said.