Southern California home sales remain weak
Los Angeles Times
By Alejandro Lazo
Sales of homes in Southern California slumped for a third consecutive month in September but prices ticked up, underscoring a weak but stable real estate market headed into the traditionally slow fall and winter months...
...Real estate professionals and economists said the sale pace probably would remain sluggish for the rest of the year as buyers take longer to commit to purchase and sellers wait out the slow period.
"We are in the doldrums. Nothing much is happening," said Richard Green, director of the USC Lusk Center for Real Estate. "We are now kind of bumping along, not doing particularly well, but not doing any worse either, and that is probably where we are going to be for a while."...