Paramount residential market goes limp. Also: 2008 elections in Long Beach

Not sure who wrote it, but there’s an interesting piece on the shocking drop in Paramount home sales, in today’s Press-Telegram opinion section.

According to the writer, home sales with our neighbor to the north fell 78 percent from where they were this time last year–a bigger drop-off even than sales in the fastest-falling parts of Arizona, Nevada and Florida. That’s sad.

The writer points out that if you want to see home prices beat as hasty a retreat as they’re doing in Paramount, you have to look to the Inland Empire, where home sales in parts of San Bernardino, Adelanto, Perris and Fontana have fallen more than 70 percent from where they were this time last year. Ouch!

Elsewhere in today’s P-T, Paul Eakins reminds you that it’ll soon be time to run for City Council in Districts 2, 4, 6 and 8–in other words, that seats belonging to Suja Lowenthal, Patrick O’Donnell, Dee Andrews (who just took office in May) and Rae Gabelich, respectively, are up again.

Also up for re-election are Long Beach Unified School District board members Felton Williams and Jon Meyer, and Long Beach City College board trustees Robert Uranga and Douglas Otto.

Tags: Adelanto, arizona, California, Dee Andrews, Douglas Otto, elections, Felton Williams, Florida, Fontana, home prices, housing market, Jon Meyer, Long Beach, long beach city college, Long Beach City Council, Long Beach Unified School District, Nevada, Paramount, patrick o'donnell, Paul Eakins, Perris, press telegram, rae gabelich, Robert Uranga, San Bernardino, Southern California, suja lowenthal, The District Weekly, Theo Douglas