Los Angeles, CA

Page history last edited by RealEstateCafe 17 years, 2 months ago

Market overview


Replace the national map below to map falling prices locally and protect homebuyers in overvalued housing markets (see maps of Boston and previous price corrections)


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What's happening in this local housing market? Help coauthor a quick summary here:


Sales trend:


Price trend:




Housing market forecasts:


PMI U.S. Market Risk Index: Summer 2006

Los Angeles-Long Beach-Glendale, CA has a 57.5% chance of a decline in home prices over the next two years according to PMI Mortgage Insurance Co., one of 13 markets nationwide that "face a 50% or greater risk" of decline.


Current market conditions:


Global Insight / National City Crop. Valuation: 2006/Q1

$499,300 median sales price

61.3% overvalued

Classification: One of 71 "Extremely overvalued" housing markets nationwide

Source: Overvalued Housing Market? Depends Where You Live

Where are prices falling in the current market?


Past housing price corrections:

Price decline: 18%

Duration: 5 years (20 quarters)

Period: 1991Q4-1996Q3

Overvaluation prior to price correction: 23%

Valuation peak: 1989Q3

US News & World Report: Housing bubble correction could be severe

Where did prices fall in the last price correction?


Local bubble blogs:


Boy in the Big Housing Bubble

Southern California Real Estate Bubble Crash

The Mess that Greenspan Made


Ideas for this wiki (your comments are welcome)

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  • Information you'd like to see
  • Best local sources for housing news?
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