Local beach shots from the past

It’s been awhile since I’ve done a local history post, so I thought it was high time I did so. I always enjoy looking back at the past–it’s amazing how much the Newport Beach area (including Balboa and Corona del Mar and Orange County in general) has changed since the early 1900’s…and yet how some …

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Home Prices Have Been Rising for Three Months

Home Prices Have Been Rising for Three Months: Report Standard & Poor’s reported Tuesday that it’s closely watched Case-Shiller index declined in January for the fifth straight month. But according to John Burns Real Estate Consulting (JBREC), that’s stale news and doesn’t reflect what’s actually happening in the market right now. In fact, the independent …

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Home Prices Continue to Slide

Data released last week by Standard & Poor’s indicates the fourth quarter of 2011 started with broad-based declines in home prices. The 20-city composite of S&P’s closely watched Case-Shiller index was down 1.2 percent in October versus September, while the 10-city composite reading registered a 1.1 percent drop. Home prices fell in 19 of the …

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Industry’s Shadow Inventory of Distressed Homes Shrinks

Housing has become an industry afraid of its shadows. That shadow inventory of repossessed and soon-to-be repossessed homes has professionals from every side of the business worried about the impact such a sizeable volume of distress will have on property values and overall market fundamentals. But according to Standard & Poor’s (S&P), the obscurity hiding …

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