Los Angeles

In Southern California, Foreclosures Dominate 

Foreclosure resales reached fifty percent of the Southern California housing market during September, a new high-water mark underscoring just how much distress there really is in the Golden State’s battered and bruised Southland housing markets. According to San Diego-based MDA DataQuick, a real estate information service, the fifty percent foreclosure resale figure is up from 45.5 percent in August and 12.6 percent one year earlier.