Articles Tagged with ''Los Angeles''

Southern California's Housing Market Still Frozen: Report

Southern California's housing market, stuck in the deep freeze most of winter, has yet to thaw out as spring arrives. According to data released Tuesday by real estate data firm DataQuick Information Systems, the seasonal boost in sales between February and March was less than half its normal level -- and a record low to boot. The median sales price in SoCal also took another record nose dive during March, as well.
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DOJ Busts Large California Mortgage Fraud Ring

Officials from the U.S. Department of Justice, the Federal Bureau of Investigation and the Internal Revenue Service said Monday that they'd busted a California-based mortgage fraud ring responsible for a large equity stripping and foreclosure rescue scam that had impacted more than 100 properties throughout the state.
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Prices Fell in 15 of 22 Major Markets During February: Report

Prices of properties listed for-sale fell in 15 of 22 major markets during February, with prices falling 0.4 percent between January and February, according to a new report released earlier this week. Listing prices in Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, DC have fallen by 1.6 percent in the past three months, according to the Real-Time Housing Market Report, jointly published by Altos Research and Real IQ.
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FHA, Conforming Limits Boosted in 14 California Counties

While no press statement has been made by the U.S. Department of Housing and Urban Development yet -- a formal announcement is expected later today or early tomorrow -- officials at Federal Housing Administration say they have boosted the FHA lending limit in 14 California counties, according to a report published Wednesday evening in the Wall Street Journal.
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California Home Sales Slowest in Two Decades; Prices Keep Falling

Housing markets in both southern and northern California reached 20-year lows in January as sales fell to new lows amid a crisis that, for now, seems to have no end in sight. Southern California home sales dipped below 10,000 transactions for the first time in more than 20 years, while Bay Area home sales plunged below 4,000 transactions for the first time in over two decades, real estate information service DataQuick Information Systems reported earlier this week.
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Prices Fall in 16 of 20 Major Housing Markets

Prices of properties listed for sale continued to fall in December, dropping in 16 of 20 major markets, while West Coast cities lead the charge. According to a report from real estate research firms Altos Research and Real IQ, released late Wednesday, San Francisco saw average home prices drop 4.6 percent during the past three months, while Las Vegas, San Diego, Los Angeles and Detroit all registered price declines of over 3 percent.
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Housing Futures Suggest Recovery Won't Be Seen Until 2011

A report on housing futures released today by TFS Derivatives Corp. suggests that investors are expecting home prices to fall through the end of 2010. The report, based on trading in CME housing futures and options, shows that investors are predicting a nationwide drop in housing prices of 9 percent in 2008 and 15.9 percent by November 2010. Some scary graphs for you -- housing price curves based on the CME futures:
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