ABOUT BIZ WAVES

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at dailybreeze.com


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Home Foreclosures Way Up

Southern California as a whole saw an increase in foreclosures of about 13 percent from April 2008 to May 2008, and an increase of 219 percent from May 2007 to May 2008, according to Default Research, which compiles foreclosure data.

Los Angeles County had 11,770 foreclosure documents (6,396 Notices of Default recordings and 5,374 were Notice of Trustee Sales recordings) filed in May 2008.

Home prices in L.A. County have come down about 18 percent in the last year, and they continue to decline.

Posted by Muhammed El-Hasan on June 18, 2008 6:28 PM |

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