(From TheHousingBubbleBlog)…
The Associated Press reports on California. “Median home prices dropped 26.7 percent in May across Southern California’s six most populous counties compared with last year. DataQuick said it marked the steepest annual drop since the firm began keeping records in 1988. Median home prices fell to $370,000 in Los Angeles, Orange, San Diego, Riverside, [...]
Posts Tagged as ‘Southern California’
June 17, 2008
Home Price Rebound?…Don’t Hold Your Breath
June 9, 2008
LandSource, A Big Land Developer in Southern California, Files For Bankruptcy
(From RTT News)
California-based land and development company LandSource Communities Development LLC said Sunday it filed voluntary petitions for relief under chapter 11 in the U.S. Bankruptcy Court for the District of Delaware in Wilmington. The company filed for bankruptcy as its efforts to reach deal with creditors, on an interim plan, to modify and restructure [...]
mb007