In what may turn out to be the largest RICO case in recent history, both Los Angeles and Glendale City have filed cases stating that Advanced Development Investment (ADI, a housing developer/investor) and a few other similar firms, defrauded the Cities of roughly $250,000,000.00.
Tag: los angeles
California’s Home Inventory Shrinks to 5-Year Low
The housing market is considered a major economic indicator. If the housing market is doing well it reflects positively on the rest of the economy. As of now the inventory of houses in the California area are considered low compared to the statistics from a few years back. This report may have a double meaning […]
Southern California Housing Market Strengthens
When selling a home many obstacles may come in your way. From client questions and concerns to weather delays. December is known to be a slow month for the housing market. Surprisingly, report shows that last month’s sale price was up by 4% compared to the year before.