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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: Thu, 29 Sep 2016 20:25:05 -0700

Copyright: ©2016 Los Angeles Times

California Gov. Jerry Brown signs a bill that boosts protection for surviving spouses against foreclosure

Thu, 29 Sep 2016 17:10:00 PDT

California Gov. Jerry Brown on Thursday signed a bill that’s designed to give widows and widowers a better shot at saving their homes when they fall behind on mortgage payments.

Senate Bill 1150 boosts protections against foreclosure for surviving spouses who own their home but are not on its mortgage...


U.S. Bank to pay L.A. $13.5-million over foreclosed homes that fell into disrepair

Thu, 29 Sep 2016 14:55:00 PDT

The Los Angeles city attorney has reached a $13.5-million settlement with U.S. Bank to resolve allegations that the nation’s fifth-largest bank operated as a slumlord and allowed hundreds of foreclosed properties to deteriorate, fostering crime and blight in L.A. neighborhoods slammed by the housing...


Realtors: California home prices and sales expected to rise next year

Thu, 29 Sep 2016 05:00:00 PDT

The California housing market is expected to grow increasingly unaffordable next year, driving would-be home buyers away from high-cost coastal regions and toward the more inexpensive inland stretches of the state, according to an industry forecast.

The California Assn. of Realtors on Thursday...


'Brady Bunch' star's Malibu beachfront bungalow poised for a reboot

Wed, 28 Sep 2016 13:05:00 PDT

At 10 years old, Eve Plumb — who played frustrated middle child Jan Brady on “The Brady Bunch” — made her first real estate purchase: a humble $55,300 Malibu bungalow.

Forty-eight years later, Plumb sold the three-bedroom home for $3.9 million.

Even by Malibu oceanfront standards, that’s an impressive...


New home sales drop 7.6% in August nationwide but rise in the West

Mon, 26 Sep 2016 12:10:00 PDT

One month after surging to their highest level in nearly nine years, sales of new homes nationwide retreated in August, with the exception the west, the Commerce Department reported Monday. 

Sales of newly built houses in the west jumped 8% from a month earlier, while nationwide sales dropped 7.6%...


Home of the Week: A ranch house reinterpreted in Pasadena

Sat, 24 Sep 2016 06:00:00 PDT

A modern interpretation of classic ranch style, this 1950s residence in Pasadena’s sleepy North Arroyo draws the eye with its contrasting hues, black-framed windows and a mix of concrete, metal and natural wood finishes. Two similarly inspired guest suites, a pool house and a greenhouse now accompany...


Garth Brooks and Trisha Yearwood ride off into a $7-million sunset

Sat, 24 Sep 2016 06:00:00 PDT

Garth Brooks will have to find another spot to hang his cowboy hat.

The country music star and his wife, singer-actress Trisha Yearwood, have quietly sold their home in Malibu’s Paradise Cove for $7 million in a deal completed outside the Multiple Listing Service.

The ranch-style house, built in...


Hillary and Bill Clinton buy the house next door for $1.16 million

Fri, 23 Sep 2016 18:40:00 PDT

Democratic presidential nominee Hillary Clinton is seeking a job that comes with a house, but she and her husband, former President Bill Clinton, have many options if the White House thing doesn't work out.

The couple have purchased a home next door to their primary residence in Chappaqua, N.Y.,...


Neighborhood Spotlight: Rancho Palos Verdes offers island living on the mainland

Fri, 23 Sep 2016 08:00:00 PDT

Jutting up from the ancient seabed of the Los Angeles basin, bordered on three sides by the heaving kelp beds of the Pacific Ocean, the Palos Verdes Peninsula can feel more like an island getaway than a quiet suburban corner of the Southland megalopolis.

In fact, millenniums ago it was an island,...


What $600,000 buys in Los Angeles, San Diego and Orange County

Fri, 23 Sep 2016 08:00:00 PDT

Nearly all of Southern California saw its unsold inventory dip in the month of August, with the one exception being Ventura, according to a survey by the National Assn. of Realtors. The barometer of housing-market health showed the biggest month-over-month change in Los Angeles, San Diego and Orange...


My Favorite Room: Jesse Tyler Ferguson and guests retire to the library

Thu, 22 Sep 2016 08:00:00 PDT

During a memorable "Modern Family" episode, Jesse Tyler Ferguson's character, Mitchell Pritchett, and his partner vigilantly guard their brand-new, all-white sofa from red wine, their daughter and unruly houseguests.

In real life, Ferguson, 40, is a lot less high-maintenance about the Spanish Colonial...


Painting your front door a new color can be done in a day - and hello, curb appeal

Thu, 22 Sep 2016 08:00:00 PDT

Home improvement projects that can be done in a day offer a huge pop of instant gratification, and few provide a transformational wow factor and curb appeal like painting the front door a new color.

“It’s like putting lipstick on the house,” said Jim Rogers, president of Valencia-based Modern Masters...


L.A.'s swanky apartments offer Botox, Bentleys and more to compete for new residents

Wed, 21 Sep 2016 12:15:00 PDT

Amenities at some high-end residential buildings in Los Angeles are so plentiful — yoga classes, movie nights, mixers in the lobby — that it can be tempting for residents to never leave the building.

But concierges at condominiums and apartments are determined to get inhabitants out of their comfort...


Watch a Harvard professor attack the estate tax because it's just so hard on the rich

Mon, 19 Sep 2016 14:15:00 PDT

“Let me tell you about the very rich," wrote F.  Scott Fitzgerald. “They are different from you and me." Among the distinctions he didn’t mention in his story “The Rich Boy,” where this line occurs, is that unlike the poor, they can summon Harvard economics professors to justify their tax breaks...


Southern California home sales jump in August

Mon, 19 Sep 2016 14:15:00 PDT

Southern California home sales hit a 10-year high in August, indicating demand remains strong despite the soaring cost of housing in the region.

Buyers in the six-county area scooped up 23,278 new and existing houses and condos in August, nearly 10% more than a year earlier, data firm CoreLogic...


Beverly House, once home to William Randolph Hearst, relists for $195 million

Sat, 17 Sep 2016 06:00:00 PDT

On the heels of the record-setting sale of the Playboy Mansion, another storied Westside estate is ready to up the ante.

Attorney-businessman Leonard M. Ross has listed his Beverly Hills home back on the market for $195 million — a $30-million uptick in price from when it was last publicly listed...


Comedian Chris D'Elia lists Beachwood Canyon home with comic pedigree

Fri, 16 Sep 2016 11:15:00 PDT

Comedian-actor Chris D’Elia has listed his home in lower Beachwood Canyon for sale at $2.1 million.

D’Elia, known for his roles on the sitcoms “Whitney” and “Undateable,” isn’t the only comic to have lived in the house. Comedian and television host Craig Ferguson owned the property for more than...


My Favorite Room: Tim Allen's office improvement: a window to his world

Fri, 16 Sep 2016 08:00:00 PDT

Tim Allen became a household name as the star of the long-running sitcom “Home Improvement,” but his favorite room is less suburban homey and more office industrial.

When he’s not on the set of ABC’s “Last Man Standing,” which premieres its sixth season Friday, or on the road performing stand-up,...


What about $830,000 buys in the Rossmoor real estate market

Fri, 16 Sep 2016 08:00:00 PDT

Warm weather, access to award-winning schools and a tightknit local community have long made the Orange County community of Rossmoor one of the top suburbs in the country. In July, the median sale price for the area was $830,000, based on 17 sales, according to CoreLogic.

Here’s a look at about...


Home of the Day: Mediterranean manse in Coronado

Thu, 15 Sep 2016 08:35:00 PDT

Sitting along 85 feet of frontage in Coronado, this Mediterranean-style estate takes in sweeping views of the surrounding bay and nearby San Diego skyline.

Inside, it’s the lavish details that draw the eye. A formal entry centers on a curved staircase with decorative black-and-gold ironwork. Leaded...


Rooftops are the new backyards

Thu, 15 Sep 2016 08:00:00 PDT

The backyard barbecue is moving upstairs. And so is the garden, dog run and a whole lot more as rooftops evolve into a new urban playground.

As denser development fills city lots with multi-family town houses and apartments, architects and builders are utilizing rooftops in place of scarce outdoor...


Fashion designer James Perse stitches together a top-dollar sale in Malibu

Thu, 15 Sep 2016 08:00:00 PDT

An Old Hollywood haunt, new construction in Malibu and the latest creation of a fashion designer were among the properties that fetched top dollar in Greater Los Angeles from mid- to late August.

Here’s a look at the most expensive homes sales recorded in the Multiple Listing Service from Aug....


Nightclub owner Jason Lev lists Beverly Crest contemporary for $7.4 million

Wed, 14 Sep 2016 17:25:00 PDT

Jason Lev, a developer and owner of Silver Lake watering hole Tenants of the Trees, has put a newly built home in the Beverly Crest area of Los Angeles on the market for $7.395 million.

The contemporary-style home, dubbed the Phineas Residence, is visually dramatic with clean lines, exterior wood...


Designers Nate Berkus and Jeremiah Brent list new-look house with Hollywood ties

Wed, 14 Sep 2016 15:25:00 PDT

Celebrity designers and television personalities Nate Berkus and Jeremiah Brent have put their latest home project in Hollywood Hills West on the market for $2.995 million.

Tucked behind hedges and gates, the 1920s Spanish-style estate has a Hollywood past that includes prolific television and...


Cape Dutch-style home with executive pedigree asks $18.5 million in Montecito

Wed, 14 Sep 2016 14:15:00 PDT

A Montecito estate owned by “Legally Blonde” author Amanda Brown and husband Justin Chang, principal of Los Angeles-based real estate investment firm Colony Capital, is on the market for $18.5 million.

Brown and Chang bought the property four years ago from the estate of another pillar of industry, Jack...