Los Angeles preview

USA

The Los Angeles housing market has had many ups and downs in its history with more downs in the past two years, due to the housing market decline. Foreclosure numbers skyrocketed in the last two years, property values took a big hit, and the rental numbers increased as many people were forced to re-adjust to the economy, or lack thereof. In fact, the economy drove many singles and families from Southern California to states that had lower taxes and a lower unemployment rate.

Although prices in the city have gone down, some areas have also had a big increase, due t…