Los Angeles is the largest city in California and the second largest metropolitan area in the United States. In 2011, population estimates put the Los Angeles metro population at approximately 18.1 million people. While the recent recession forced some to move away from the downtown area, the Los Angeles housing ... more »

As one of the largest metropolis areas in the United States, Los Angeles (LA) boasts a competitive—and expensive—housing market. According to the California Association of REALTORS®, (www.car.org/marketdata/marketglance/), the median LA home cost $295,000 as of June 2011, down from $314,000 a year ago, a decrease of 5.9 percent. This chapter ... more »