This is in-line with what his happening around Los Angeles, California and the nation.
Home prices in Pico-Robertson are down about 30% from the peak in 2006.
Rents are rising.
WASHINGTON (AP) — Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices.
The Standard & Poor’s/Case-Shiller home-price index shows prices dropped in December from November in 18 of the 20 cities tracked. The steepest declines were in Atlanta, Chicago and Detroit. Miami and Phoenix were the only cities to show an increase.
The declines partly reflect the typical slowdown that comes in the fall and winter.
Still, prices fell in 19 of the 20 cities in December compared to the same month in 2010. Only Detroit posted a year-over-year increase. Prices in Atlanta, Las Vegas, Seattle and Tampa dropped to their lowest points since the housing crisis began.
February 24, 2012
February 21, 2012
February 17, 2012
- What Will Be The Cost To Taxpayers Of The Mortgage Settlement?
- Increase In Troubled Mortgages
- Dow Jones Near Record Highs, Mortgage Rates Stay At Record Lows