Here are two articles that we felt were particularly good reads from the LA Times:

April home sales prove lackluster in Southern California: This article discusses the current “macro” market situation as increasingly dire with sales falling 5.5% from March to April. This is obviously not the case in higher end areas where activity has picked up.

Foreclosure rate slows as repossession timeline lengthens: This article discusses the length of time it is taking for borrowers to be pushed into foreclosures, resulting in fewer bank-owned properties being released into the market

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