Congress has cut federal funding for public media — a $3.4 million loss for LAist. We count on readers like you to protect our nonprofit newsroom. Become a monthly member and sustain local journalism.
California's April home sales numbers show slight improvement
Listen
• 0:50
The median price of a house in SoCal saw an increase of almost four percent over April of last year — the first time that’s happened in 16 months.
(
Joshua Lott/Getty Images
)
The latest home price stats show a glimmer of hope.
The median price for a house in Southern California was $290,000 last month. That’s an increase of almost 4 percent over April of last year — the first time that’s happened in 16 months.
DataQuick, the research firm that compiles the stats, says there are two reasons:
One is that fewer foreclosed properties are selling and their lower prices depress the entire market. The second reason is that more houses are selling in the coastal counties, where prices are higher.
Support for LAist comes from
If you’re a homeowner, don’t get too excited. The new median price is only $43,000 higher than the bottom of the market three years ago. And it’s more than $200,000 lower than the peak we hit in 2007, when it was $505,000.
DataQuick calls that a “painfully slow crawl.”
As Editor-in-Chief of our newsroom, I’m extremely proud of the work our top-notch journalists are doing here at LAist. We’re doing more hard-hitting watchdog journalism than ever before — powerful reporting on the economy, elections, climate and the homelessness crisis that is making a difference in your lives. At the same time, it’s never been more difficult to maintain a paywall-free, independent news source that informs, inspires, and engages everyone.
Simply put, we cannot do this essential work without your help. Federal funding for public media has been clawed back by Congress and that means LAist has lost $3.4 million in federal funding over the next two years. So we’re asking for your help. LAist has been there for you and we’re asking you to be here for us.
We rely on donations from readers like you to stay independent, which keeps our nonprofit newsroom strong and accountable to you.
No matter where you stand on the political spectrum, press freedom is at the core of keeping our nation free and fair. And as the landscape of free press changes, LAist will remain a voice you know and trust, but the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news from our community.
Please take action today to support your trusted source for local news with a donation that makes sense for your budget.
Thank you for your generous support and believing in independent news.
Chip in now to fund your local journalism
(
LAist
)
Trending on LAist
-
The critical findings are part of long-awaited after-action report was released Thursday. It contains recommendations for increasing emergency staffing and updating old systems. -
Diving has changed, mountain biking has been added. Here's where to watch the Olympics in person in 2028. -
'A Great Day in the Stoke' is a free, daylong event in Orange County billed as 'the largest gathering of Black surfers in history.' The fourth annual festival is set for Saturday in Huntington Beach. -
Kimmel returned less than a week after ABC suspended his show over comments he made about the assassination of right wing activist Charlie Kirk. -
Southern California might see some light rain tonight into Wednesday morning. After that, cooler weather is on the way, but expect the humidity to remain. -
A gate tax at Disney? It's a possibility.
Best of LAist