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Los Angeles Times: Southern California home sales, prices fell in December

Los Angeles Times: Southern California home sales, prices fell in December

Investors poured into Southern California's housing market in December, but many bought low-cost homes, pushing sales and the median price down from a year earlier.

January 19, 2012

Real estate investors made up a record chunk of Southern California's housing market in December, but their presence was not enough to curb a sales slump...

"The one thing that is certainly true at the moment, because rents are rising and house prices are flat or falling, is yields on houses are pretty good right now," said Richard Green, director of the USC Lusk Center for Real Estate...

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Link: Los Angeles Times