The drop is triggering a warning from government analysts that 2011 could be the worst year for the industry in half a century.
The U.S. Department of Justice is investigating the Los Angeles County Sheriff’s Department for allegedly discriminating against minorities living in subsidized housing.
The city was awarded $143 million through the Neighborhood Stabilization Program to spend to fix up and sell properties in the city’s worst real estate markets.
If the latest property assessments are any indication, there could be a glimmer of hope for the Southland’s housing market.
The latest data translates to 1 in 30 Riverside County households in some stage of foreclosure.
A new economic survey predicts construction spending in California is on the rebound.
The Veterans Affairs Department has announced a master plan to transform buildings at a West Los Angeles VA site that are the subject of a lawsuit over housing and other services for the homeless.
New data shows that sales of existing homes fell to 4.8 million in May — their lowest level of the year so far.
A record number of foreclosures are forcing prices down, and they are expected to keep falling through this year.
Two real estate experts help you to get a better handle on the nuances of the housing market.
An estimated 80 members of the Los Angeles Right to Housing Collective want lawmakers to limit how much landlords can raise rents each July.
A Southern California developer of low-income public housing is being sued for fraud by the cities of Los Angeles and Glendale.
After 96,500 jobs were created in February — with roughly half of the job increases coming nationally — California’s unemployment rate slid to 12.2 percent.
Home construction rose at the fastest rate in 20 months in January, pushed up by a spike in apartment building. But construction of single-family homes declined, a sign that demand for housing remains weak.
The city controller’s office found the housing department failed to collect at least $48 million in fees, while leaving $10 million across 10 funds unspent over two years.