Real Estate Blog LA

House prices in much of the U.S. will bottom out in this year's fourth quarter, Moody's Economy.com says in a new report. The report projects that peak-to-trough declines for metro areas will be 53% in Los Angeles. In some of the hardest hit markets, however, prices won't reach a bottom until 2010 or 2011, the research firm says in a ...

September sales and price report: Sales in California soared 96.7 percent and the median price of an existing single-family home decreased 40.9 percent compared with September 2007. Statewide sales in September surpassed the 500,000 mark for the first time in more than two years, rising 2.3 percent compared with August, and 96.7 percent from a ...