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Preview: L.A. Times - Real Estate News

L.A. Times - Real Estate News

Real estate news for Los Angeles, Southern California and beyond, including Hot Property (celebrity homes), home tours, and more.

Last Build Date: Wed, 29 Mar 2017 19:44:30 -0700

Copyright: ©2017 Los Angeles Times

San Diego home price increases fall behind nation

Tue, 28 Mar 2017 15:15:00 PDT

San Diego County’s home market continued to show signs of decelerated growth in January, falling behind the national average for the second month in a row, said the S&P CoreLogic Case-Shiller Indices released Tuesday.

The indices, adjusted for seasonal swings, showed San Diego County home prices...


Meteorologist Dallas Raines records a quick sale in Pasadena

Tue, 28 Mar 2017 10:20:00 PDT

If Dallas Raines’ sale offers any indication, it would appear the forecast for Pasadena real estate is sunny.

The local meteorologist recently listed and sold his home in a span of about a month. The sale price was $3.3 million, or $5,000 over the asking price.

Built in 2007, the gated two-story...


Stocks get a boost from consumer confidence and hopes for tax cuts

Tue, 28 Mar 2017 08:05:00 PDT

Banks and other financial companies led U.S. stock indexes sharply higher Tuesday, snapping an eight-day losing streak for the Dow Jones industrial average.

The rally was broad, with materials and industrial companies among the biggest gainers. Energy stocks notched a big gain as crude oil prices...


Why California stinks for first-time home buyers

Sun, 26 Mar 2017 03:00:00 PDT

If you’re a millennial living in California, buying your first home doesn’t come any harder.

California ranked as the toughest state in the nation for first-time home buyers, who typically would be in the millennial age bracket of 18 to 34, according to a recent report by Claes Bell, an analyst...


'Dancing with the Stars' alum Mark Ballas makes the leap to Laurel Canyon

Sat, 25 Mar 2017 06:30:00 PDT

Former "Dancing with the Stars” regular Mark Ballas has made a couple of moves away from the dance floor, selling one home on the Westside and buying another in the Laurel Canyon area.

On the sale side, Ballas parted with a Mediterranean-style home in the Beverly Crest area for $3.125 million in...


Neighborhood Spotlight: Hyde Park, affordable and transit-bound, is on the move again

Fri, 24 Mar 2017 06:00:00 PDT

One of the enduring foundational narratives of Los Angeles is that of an avaricious, almost malevolent, municipality that bided its time before unleashing a wave of annexation, devouring countless small towns in its mad dash to spread itself across all the land between City Hall and the sea.



Frank Gehry's Borman house in Malibu fetches $24.15 million, and other top sales

Thu, 23 Mar 2017 07:00:00 PDT

A television giant, a speculative developer and an NBA player were among those closing deals in L.A. County’s high-end real estate market in recent weeks. Here’s a look at L.A.’s top sales through early March:

$24,150,950 — Malibu

On Broad Beach Road, a Frank Gehry-designed home once listed for...


Mayor pushing public vote this November on convention center expansion

Wed, 22 Mar 2017 14:05:00 PDT

Voters could be asked this November to approve a hike in the hotel room tax to fund a more than $600 million expansion of San Diego’s bayfront convention center, Mayor Kevin Faulconer’s office said Wednesday.

In a presentation to the board of the San Diego Convention Center Corp., mayoral Chief...


San Diego home prices dip in February

Tue, 21 Mar 2017 11:55:00 PDT

The San Diego County median home price dropped 1 percent in February to $492,000, CoreLogic said.

Typically one of the slowest months of the year, the February median price has increased on average just 1.4 percent from January since 2000.

San Diego’s median hit $507,500 in October but has been...


Southern California home prices jump again as short supply fuels bidding wars

Tue, 21 Mar 2017 11:05:00 PDT

Southern California home prices jumped in February, posting the largest increase in more than a year, as buyers rushed to outbid one another for a meager selection of homes for sale.

The six-county region’s median price for new and resale homes hit $460,000 last month, up $5,000 from January, real...


Los Angeles ranks as the top choice in the U.S. for international real estate investors

Tue, 21 Mar 2017 08:00:00 PDT

Los Angeles is in a sweet spot in its real estate cycle that will make it one of the top choices in the world for buying property this year, a new report says.

The L.A. area ranked No. 1 in North America in a survey of global real estate investors who have a combined total of $1.7 trillion to spend...


Deploying a windfall wisely

Sun, 19 Mar 2017 03:00:00 PDT

Dear Liz: I recently received a $38,000 windfall. I have a student loan balance of $37,000. I want to buy a home, but I can’t decide if I should have a large down payment and continue paying down student loans slowly, or make a balloon payment on my student loans and put down a smaller amount on...


Didn't pay your HOA assessments? Get ready for steep penalties and interest costs

Sat, 18 Mar 2017 06:00:00 PDT

Question: Our homeowner association is trying to foreclose on our home for unpaid dues and assessments. The mortgage payments have been paid on time, but the board is still threatening foreclosure. Worse, after the board hired a lawyer, our total owed dramatically increased.

We agree the unpaid...


With housing costs skyrocketing, rent control is on the docket again in Sacramento

Fri, 17 Mar 2017 10:00:00 PDT

Amid California’s housing crisis, several state lawmakers want to give cities the ability to dramatically expand rent control, including imposing the kind of strict limits that once existed in Santa Monica and West Hollywood but have been barred since the 1990s.

A bill that would do so, introduced...


Neighborhood Spotlight: South Pasadena flaunts its small-town charms

Fri, 17 Mar 2017 06:00:00 PDT

When Hollywood looks for a location to stand in for small-town America, more often than not production companies load the grip trucks, hitch up the Star Waggons and head up the 110 to South Pasadena.

The city has so zealously protected its original charm and architectural character that it has...


Study: The best cities to get a job and save money (Hint: Not San Diego)

Thu, 16 Mar 2017 17:00:00 PDT

Attention college graduates: The easiest places to get a professional job and save money are Phoenix, Seattle and Charlotte.

The determination was part of a joint study from housing website Zillow and professional networking website LinkedIn that looked at employment data, salaries and other factors...


What $575,000 buys right now in the Moorpark, Oak View and Oxnard housing markets

Thu, 16 Mar 2017 06:00:00 PDT

How much house does $575,000 buy in Ventura County? In Moorpark, about that amount gets you a three-bedroom with an updated kitchen; in Oak View, a geodesic dome home; and in Oxnard, a gated ranch house.

Here’s a more detailed look:

MOORPARK: This two-bedroom, built in 1984, sits on a quarter-acre...


What building permits tell us about San Diego's homebuilding

Tue, 14 Mar 2017 16:45:00 PDT

San Diego County had the biggest pivot away from the traditional house in Southern California last year.

The county’s permits for single-family homes dropped by 23 percent in 2016, more than any other Southern California county. It also had the second-largest increase in multifamily construction...


Dan Rosenfeld has done well as a developer — and answered the call of public service

Sun, 12 Mar 2017 04:00:00 PDT

The gig: Dan Rosenfeld, 64, is a real estate developer and public servant. He has worked at the upper levels of both the private and public sectors, building prominent structures such as the Del Mar Station apartment complex in Pasadena for profit and managing hundreds of millions of dollars worth...


Neighborhood Spotlight: Beverly Grove, once a wallflower, proves itself a dynamo

Fri, 10 Mar 2017 06:00:00 PST

Beverly Grove was born as a series of car-oriented subdivisions on the far-flung outer edge of a young Los Angeles — farther out, even, than the trolleys ran.

Today, the once-sleepy neighborhood is popular, dynamic and fast-changing, and a locus of concern about the threat of the mansionization...


Metropoulos scion lands his own trophy estate on the Westside

Thu, 9 Mar 2017 07:00:00 PST

Is there a sibling rivalry brewing on the Westside? Six months ago, Daren Metropoulos closed a record deal for the Playboy Mansion. Now his brother, Evan, has landed his own trophy estate in what is L.A. County’s priciest home sale to date this year.

Here’s a larger look at the most expensive...


Apply for a home loan from your phone? That's just the start of LoanDepot's plans

Mon, 6 Mar 2017 17:10:00 PST

From your smartphone, you can summon Lyft for a ride, buy just about any product using the Amazon app and use Zillow to shop around for a new home.

LoanDepot, a Foothill Ranch mortgage lender, on Monday unveiled a host of new tech tools that will enable customers to do one more thing: apply for...


Musician Dave Stewart readies storied home in Toluca Lake for its next release

Sat, 4 Mar 2017 06:00:00 PST

Singer-songwriter and producer Dave Stewart, formerly of the pop duo Eurythmics, has listed his home in Toluca Lake for sale at $5.65 million.

The Spanish-style compound, built by Toluca Lake pioneer and designer William Klump in 1927, has a Hollywood pedigree that spans several generations. Among...


Hot Property: Get your fill of eye candy

Sat, 4 Mar 2017 00:05:00 PST

There’s a lot to look at in this week’s lineup. Singer Britney Spears’  house in Thousand Oaks is sharply dressed in subdued tones. Clothing magnate Tommy Hilfiger’s Florida estate blinds with dazzling geometric patterns and bright colors. Pro golfer’s Fred Couple’s Mediterranean villa smoothly...


Millennials want houses in the suburbs after all, new studies find

Fri, 3 Mar 2017 13:05:00 PST

At 24 years old, Bre Hataishi wants a house.

For now, the preschool teacher rents a one-bedroom apartment in San Diego’s South Park neighborhood with her boyfriend, but only because their income is far too low for them to buy a home.

When the time comes, they have little interest in the hundreds...