Market Leaders Profile: Los Angeles

Data and information on the Los Angeles remodeling market

September 30, 2009

 

Population: 12,872,808 (4.1 percent increase since 2000)

Existing home sales: Q2 2009 sales were up 27.5 percent from 2008 and up 36.4 percent from Q1

Home prices:

  • Down 17.8 percent from 2008
  • Down 41.3 percent from September 2006 local peak
  • Down 22 percent over last 5 years
  • Up 66.5 percent over last decade

Homeownership rate: 49.8 percent (No. 75 among major metros)

Median household income: $56,680

Local unemployment rate: 11.7 percent (up from 7.6 percent in 2008)

Sources: California Association of Realtors, S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau

RELATED LINKS

Los Angeles Times: Recession may forge a housing shift in California 



Forbes: Hard Times in the High Desert



2008 Innovators: One Week Bath

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