Relevant:
- California foreclosures drop sharply
- Record 10% of U.S. homeowners in arrears or foreclosure
- A Tale of Two California Markets -- Culver City and California City. Culver City prices back near peak levels with flippers out in full force. California City seeing prices back to levels last seen in the 1990s.
- Foreclosure rates dip in Central Valley
- Average Home Prices Are Irrelevant for You or Me | Mandelman Matters
2008-04-22 — latimes.com
"Sinking home values and the collapse of flimsy mortgages sent a record number of California homes into the foreclosure process in the first three months of this year, a real estate information service reported today."
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