Home sales plunge

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Home sales plunged across Southern California to their lowest level in 15 years and prices declined in all but two markets as the nation's growing credit mess bogged down more buyers, sellers and lenders, an industry tracker said Wednesday. Gregory J. Wilcox in the Daily News.

The big Los Angeles County market also saw a steep sales drop, but it did post the region's biggest price gain, according to DataQuick Information Systems.

Last month, sales in the six-county region plunged 36.3 percent to 17,755 transactions and slipped 0.6 percent from July, the La Jolla-based company said.

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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.

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This page contains a single entry by Rick Orlov published on September 13, 2007 2:24 AM.

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