Southern California Housing Market
Sees Best January in Six Years
LOS ANGELES, CALIFORNIA
From Los Angeles Daily News
The Southland's housing market got off to its best start in six years during January with the median price jumping 24 percent and sales increasing 11 percent from a year earlier, according to a research firm. Sales of new and previously-owned houses and condominiums rose to 16,058 properties in January from 14,523 a year ago, said La Jolla-based DataQuick.
Last month's total was the highest for a January since 18,128 sales in January 2007. January's median price hit $321,000, up from $260,000 a year earlier, DataQuick said. The median was down slightly from $323,000 in December, which was the highest price for any month since $330,000 in August 2008.
January's market got a boost from near record-level sales to investors and cash buyers, and move-up activity that remained relatively robust, the company said. "This fledgling housing recovery has momentum," said John Walsh, DataQuick president. "Already, price hikes have caused some to question whether it's sustainable, whether it's a bubble."
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In Memoriam - Stuart Johnson
It is with deep regret that we inform you of the sudden passing of Stuart Johnson. An industry icon, Stuart served the industry and represented the R.H. Peterson Co. as a sales representative for over 50 years.
Daughters Jennifer O'Kelley and Jo Ellen Kuehnel, and son Mitch Johnson joined the business in partnership with longtime associate Steve Carroll and became the faces of JCO Marketing.
Stuart will be remembered for his leadership and passion for the hearth
industry and for his love and generosity for his family and friends. He
will be sorely missed by us all. Our thoughts and prayers go out to his family.
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Leisurely Living.
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New Phifer Fabric Collection
TUSCALOOSA, ALABAMA
Phifer's new Leisurely Living Designed Fabrics collection has a laid-back vibe and welcomes the mixing of bold patterns reminiscent of current interior design and fashion trends. Color combinations such as dusty terra cotta, nectar and mocha, or grey paired with olive green, citron and indigo in transitional motifs and pops of ethnic patterns are an easy match with stripes, textures and solids to create your tropical paradise. |
