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BUSINESS
February 10, 2012 | John Corrigan
On Wall Street, it's 2008 again. But what year is it on your street? Even with Friday's sell-off, major stock market indexes are up from 5% to 11% this year, lifting the Dow Jones industrial average back to where it was in the spring of 2008. If only we could say the same for the housing market. In 2008, the median home price in Southern California was $340,000. Home prices are still nowhere close to that level and, in fact, continue to fall. The median annual price in 2011 was $280,000.
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BUSINESS
April 15, 2014 | By Tim Logan
Home prices in Southern California are at their highest level in six years, according to new data, though those gains may be taking a bite out of sales volume. The median price of a house sold in Southern California rose from $383,000 in February to $400,000 in March, the market's highest level since February 2008, according to San Diego-based DataQuick, which tracks real estate data. The figure is up 15.8% from the same month last year and is the first noticeable increase since the torrid run-up in prices last spring and summer.
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NEWS
February 15, 2012 | By Alejandro Lazo
This post has been corrected. See the note at the bottom for details. Home sales in the Southland were mostly flat in January as prices fell. The number of newly built and previously owned homes sold was up 0.4% last month from January 2011. A total of 14,523 single-family homes, town homes and condominiumsĀ sold in the six-county region, according to data firm DataQuick. The market for new homes remained especially weak, with only 669 newly built properties selling in January, the lowest number for any month since DataQuick started keeping track in 1988.
CALIFORNIA | LOCAL
March 28, 2014 | By Rong-Gong Lin II
A magnitude-5.1 earthquake centered in northern Orange County rippled across the Los Angeles Basin, and preliminary indications suggest the long-feared Puente Hills thrust fault may have caused it. The quake caused pictures to fall of walls, glass items to shatter and furniture to tumble down in some homes near the epicenter. There were also reports of some gas and water line damage as well as scattered power outages. At a home in San Dimas, dozens of pictures flew off walls, a ladder fell and dented a car in garage and medicine cabinets flew open and emptied out. In Orange, a few miles to the east of the epicenter, patrons at a BJ's pub went from boisterous conversation to tense silence.
BUSINESS
January 20, 2009 | Peter Y. Hong
The long, sharp slide in Southern California home values is all but eliminating demand for new houses. Just 1,813 new homes sold in the six-county region last month, down 53% from December 2007 -- and down 63% from the 20-year average for the month of December, a real estate information firm reported Monday. By comparison, sales of all homes rose 51% last month compared with a year earlier as bargain hunters continued to snap up foreclosures and other distressed properties.
BUSINESS
December 16, 2009 | By Alejandro Lazo
Southern California's real estate industry, decimated by the mortgage meltdown and housing bust, is stirring to life again -- even making hiring plans -- as home prices bounce back. Data released Tuesday showed the Southland housing market gaining strength in the traditionally slow month of November. The median price paid for a Southern California home increased 1.8% in November from October, to $285,000, according to MDA DataQuick, a San Diego real estate research firm. It's the seventh consecutive month in which prices have improved or held steady.
ENTERTAINMENT
October 15, 1989 | WILLIAM WILSON
An architectural exhibition opening Tuesday at the Museum of Contemporary Art is by all odds the most impressive and ambitious project of its kind ever seen in these parts. We've seen art exhibitions that involved whole automobiles or galleries stuffed with giant redwoods--we've never seen one that involves 2 1/2 entire houses. Installed in MOCA's big Temporary Contemporary satellite exhibition space in Little Tokyo until Feb.
BUSINESS
February 6, 1986
Ponderosa Homes, the Irvine-based Southern California home developer had appointed Randal P. Bramel to fill the newly-created position of executive vice president and chief operating officer. Bramel, 38, was previously executive vice presidnt for American Pacific Corp. in Irvine. Aetna Life and Casualty Co. sold its Southern California division of Pondrrosa in June to a group of investors headed by James S. Daily, Ponderosa's current president.
BUSINESS
May 4, 1994 | Debora Vrana, Times correspondent
Home for Builder: Centex Homes, buoyed by its recent purchase of 915 lots in Foothill Ranch, has just leased nearly 20,000-square-feet of office space in Corona to house its Southern California regional office. The Dallas-based home builder, the nation's largest, has several Southern California home developments including those in San Clemente, Rancho Cucamonga, Hemet and Lake Elsinore. . . . Digital Equipment Corp.
BUSINESS
December 17, 2013 | By Andrew Khouri
Southern California home sales plunged in November as prices stayed flat, continuing a cooling trend that started this summer. But experts expect a jolt in prices soon. Home prices "will start rising again in the spring, because that's when demand heats up," said Christopher Thornberg, founding partner at Beacon Economics. The regional median home price, $385,000 in November, has stayed essentially the same since June after a rapid run-up in prices in the first half of this year, according to San Diego research firm DataQuick.
BUSINESS
November 12, 2013 | By Andrew Khouri
Southern California home prices appear to have hit a wall, with the median home price flat for the fourth consecutive month in October. The median sale price was $383,750 last month, 21.8% higher than last year - but virtually unchanged from June, research firm DataQuick said Tuesday. Home prices rose rapidly earlier this year as investors and families battled over a shortage of homes for sale, but buyers have pulled back, unwilling to stretch their budgets any further. Beyond affordability, several factors have helped ease price pressure, including rising mortgage rates, a pull-back by investors and an expanding supply of homes for sale.
BUSINESS
July 18, 2013 | By Andrew Khouri
Southern California home prices shot up 28% in June from a year earlier, a record gain surpassing any increase seen during the last decade's real estate bubble. The median sale price for all homes sold in the region reached $385,000 in June, DataQuick reported Wednesday, a 4.6% climb from May. Meanwhile sales declined 2.1% from June 2012, an indication that inventory remains tight and the first year-over-year drop since September. LIVE CHAT: Join us at 11 a.m. The eye-popping year-over-year price gain - just the latest in a series of steep increases across the six-county Southland - has raised questions over how long such increases can continue.
BUSINESS
July 17, 2013 | By Andrew Khouri and Alejandro Lazo
The housing recovery is looking more like another housing boom, with prices rising at a record pace. The median home price in Southern California surged a stunning 28% in June compared with a year earlier - outpacing any month during last decade's housing bubble. The gain puts the median at $385,000, up from $300,000 last June. Some experts warn that prices, driven by short supply, should cool off soon. Investors who have flooded the region with cash purchases will probably retreat, they say, as a fresh supply of sellers and builders moves in. But others see nothing but higher prices ahead, with supply staying tight and buyers scrambling to close deals before the window of affordability slams shut.
NEWS
June 9, 1985
I am disappointed, upset and, yes, even outraged at today's issue of Home (Shape-Up Special, March 31). You might argue the point by saying that staying fit is a part of today's life; however, there are numerous books and magazines on shelves everywhere on that subject, as you surely must know. To eliminate the fascinating articles by Bevis Hillier, the very excellent garden articles, and--most of all--those on decorating the Southern California home is not my idea of what your supplement should be. To eliminate the above in favor of merely another banal article on exercise and what-to-wear trends is extremely in the ho-hum department.
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