Home prices at 2004 levels
It's 2004 all over again - at least when it comes to home prices in the San Fernando Valley. Gregory J. Wilcox in the Daily News
In August, the Valley's median house price plunged an annual 35 percent to $420,000, according to the San Fernando Valley Economic Research Center. That's a price last seen in January 2004.
This is a big deal, especially if you bought a year ago, at the peak of the real-estate boom, when the median stood at $645,000.
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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
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