LA Times - "Home Price Gains Keep Shrinking" (8-12-06)

"L.A. County's median rises 6.6%, the smallest advance in six years, to $520,000. Volume sinks."

"Los Angeles County's home prices in July rose at their slowest pace in six years while San Diego County's continued to fall, more evidence that the Southland's real estate market is slumping, data released Friday show."

"Buyers are not rushing into deals, with sales in Los Angeles County plunging 25% versus year-earlier volumes — the eighth consecutive month of declines, according to La Jolla-based research firm DataQuick Information Systems."