LA Biz Observed
 
Bio • Email • Archive
 

 

Weren't prices supposed to be falling this year? So far, they're increasing. The latest February numbers from DataQuick show that the median price of all homes sold in L.A. County was $528,000, up 7.8 percent from a year earlier. Sales, meanwhile, fell 11 percent - the slowest February since 1997. But that percentage drop is an improvement over the 20 percent-plus monthly declines seen throughout much of 2006. Anyway, keep in mind that February is always a slow month, so the numbers might not reflect what will happen in the spring, when the market typically picks up. LAT


> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
6:50 PM Thu | Largest crowd for a Walk of Fame star ceremony that many could remember, outside the Capitol Records tower on Thursday. Photo by Gary Leonard.