real estate market

A property listed as a short sale in the Laguna Village sold last week for $1.75 million after being on and off the market since 2005, according to the Southern California MLS. The 2003-constructed home was listed for $2.1 million in February and last sold for $2.75 million in 2005 as part of a multi-property [...]

Home sales rise in the spring as buyers rushed to take advantage of tax credits worth as much as $8,000. To qualify, buyers had to sign purchase contracts by April 30. Newly signed contracts plunged by 30% in May from the previous month, when the tax credit expired. Sales fell in most parts of the [...]