Today’s Real Estate News ~ CAR

California:

Los Angeles Times: California home default cases plunge
By Alejandro Lazo
4/21/2010

Mortgage default notices declined 40.2 percent statewide in the first three months of the year compared with the same period in 2009, according to MDA DataQuick.
 
National:

Wall Street Journal: Land prices jump as home builders move in
By Dawn Wotapka
4/21/2010

Across the U.S., home builders are battling to acquire land lots in preparation for ramping up home construction. While volume is tough to track, analysts report that land deals have been rising rapidly in recent months, causing land prices in some of the nation’s weakest housing markets to rise for the first time since 2006.

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