Showing posts with label Southern California. Show all posts
Showing posts with label Southern California. Show all posts

Monday, January 19, 2009

So.Cal Median Home Price Drops Nearly 35 Percent

The median home price in Southern California fell almost 35 percent in December from a year ago, but home sales rose steadily as buyers snapped up low-cost foreclosures, according to new information released by MDA DataQuick.

According to the company, the median home price in a six-county region of Southern California was $278,000 last month, compared to $425,000 a year ago at that time. The median price for the area peaked at $505,000 in mid-2007.

Foreclosures accounted for 55.7 percent of December's sales in the region.

Monday, December 15, 2008

UPDATE: Roof Collapse Injures People in Anaheim

More than a dozen people were injured this morning in Anaheim as a roof collapsed at an adult educational center. The Southern California region is currently under a flood watch as heavy rains and mountain snows are impacting the area.

At least 13 people were injured, and all were transported to area hospitals.

According to authorities on the scene, the North Orange County Regional Occupational Program was holding a medical back-office training class at its Career and Technical Institute located at 1617 East Ball Road when the roof collapsed shortly before 9:30 a.m..

Anaheim Fire Department officials reported that a drain situated above one of the classrooms in the educational center failed. Water then gathered on the roof, causing it to collapse.

Flood Watch Posted for Southern California

Last month it was fires and now it is flooding.

Officials in Southern California are warning residents of the potential for flooding as a cold, wet and windy storm intensified early Monday, threatening flooding in Southern California burn areas and causing slick driving conditions.

The California Highway Patrol had reported more than three dozen traffic collisions on local freeways overnight, while large amounts of snow has forced the closure of Interstate 15 through the Cajon Pass. Flooding was also noted along the 105 Freeway near LAX and the 118 Freeway in Chatsworth.

The storm is expected to deposit up nearly three-quarters of an inch to 1 1/2 inches of rain on coastal and valley areas and up to twice that amount on the foothills and mountains.

Areas in Los Angeles, Orange and Ventura counties that were impacted by recent wildfires are also being closely watched.

Homeowners and residents in all recent burn areas were encouraged to prepare their properties ahead of the rainstorms by getting sandbags from Los Angeles City Fire stations. Fire officials note when sandbags are filled and deployed properly, they redirect water and debris flows away from homes and property.

Residents will not be able to rest after Monday's storm, as another storm is possible Tuesday night and Wednesday.