Update: Where the foreclosures are: Hardest-hit ZIP Codes

in the first quarter of 2008, so that you can see where the foreclosure problem is most acute, and where it is least evident. We've calculated foreclosures per household 
(technically, the other way around: households per foreclosure) to correct for varying populations in different ZIP codes. A sneak preview: The 10 L.A. County ZIPs with the 
highest number of foreclosures in 1Q 2008, and the percentage increase from 1Q 2007. Source: DataQuick Information Systems. These are for single-family detached 
homes. We've created a data search tool that I hope will be valuable to readers: use this widget to search foreclosure trends by ZIP code throughout Southern California

Antelope Valley garnered the top 6 spots. 

 1) Lancaster   93535       345    392%
 2) Palmdale    93550       323    487%
 3) Lancaster   93536       255    467%
 4) Palmdale    93551      198     421%
 5) Palmdale    93552      179     442%
 6) Lancaster   93534       146    329%
 7) Sylmar        91342       142    426%
 8) Norwalk      90650       129    361%
 9) Pacoima    91331       105    483%
10) Reseda     91335       101    321%

The free-fall in prices in distressed areas of Southern California is a major, and ongoing, story -- even if it bears little resemblance to what you're seeing in your 
neighborhood. Collapsing prices are causing more foreclosures, and prices continue to collapse, raising the likelihood of more foreclosures. This is what most 
of us call a "vicious cycle," although the Fed chairman, who evidently doesn't like name-calling, prefers the less judgmental "economic feedback loop."

In one Palmdale neighborhood, median sales prices are closing in on $100,000.

Here's an update of August median sales prices in some of the most distressed neighborhoods in Los Angeles County.

                                                   Area / ZIP              median price, July    median price, August / median price per sq. ft.

 Palmdale/93591         $105,000                $101,000/$72   
            Lancaster/93534        $124,000                $125,000/$89             
               Lancaster/93535        $148,000                $140,000/$91                 
Palmdale/93550         $150,000                $145,000/$100
Littlerock/93543         $180,000                $158,000/$116
Palmdale/93552         $190,000                $179,000/$101
       Lake Hughes/93532   $195,000                        n/a / n/a        
 L.A.-Watts/90002       $200,000                $172,000/$154

Your thoughts? Comments? 
E-mail story tips to peter.viles@latimes.com

Where did the Neighborhood stabilization program funds go?

Lets take a look at the criteria of how funds will be allocated: