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Thursday, Feb 22, 2024

Bargain hunting picks up as Southern California home values fall further

Southern California home values keep spiraling down, but sales volume is picking up in the Inland Empire and other areas where bargain hunters are snapping up foreclosed properties at steep discounts. Home prices plunged 29.3% last month from a year earlier, to a median of $355,000 in six Southern California counties, a real estate information service reported Wednesday. That’s about where prices were in 2004. For the full story visit http://www.latimes.com/business/la-fi-homesales17-2008jul17,0,3250369.story

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