A look back at L.A.'s business news
It certainly feels that way. From the housing crisis to striking writers to high gas prices, old was new again in 2007. Here is a look at the year's top local business stories: Muhammad El-Hassan in the Daily News.
1. Home sales, prices drop
The housing market suffered a major slump in 2007, representing this year's top business story.
Reminiscent of the housing slump of the last decade, home sales took a major dive in 2007, with a double-digit year-over-year plunge nationwide. That was followed by a drop in home prices that also reached double digits in some markets, including Southern California.
About The
Sausage Factory
The Los Angeles Daily News' City Hall reporters Rick Orlov and Kerry Cavanaugh write about politics on the local, state and national stage.
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