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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, 27 Apr 2017 15:52:01 -0700

Copyright: ©2017 Los Angeles Times

What $750,000 buys right now in the Newbury Park, Ojai and Ventura housing markets

Thu, 27 Apr 2017 06:00:00 PDT

Here’s a look at what’s on the market for about $750,000 in Newbury Park, Ojai and Ventura.

NEWBURY PARK: A long, trellis-topped patio extends the living space outdoors at this four-bedroom in the Shadow Run neighborhood.

Address: 911 Rawhide Place, Newbury Park, 91320

Listed for: $749,000 for...


San Diego median home price hits $515,000 in March — highest point in a decade

Tue, 25 Apr 2017 16:55:00 PDT

The San Diego County median home price reached $515,000 in March, its highest point in a decade and a 7.7 percent increase in a year, real estate tracker CoreLogic reported Tuesday.

The median price had been below half a million dollars since October last year, which had some analysts surmising...


Home prices rose at the fastest pace in nearly 3 years

Tue, 25 Apr 2017 07:00:00 PDT

U.S. home prices rose steadily in February as more buyers chased fewer available properties, a trend that many analysts say may not be sustainable.

The Standard & Poor's CoreLogic Case-Shiller national home price index, released Tuesday , increased 5.8% in February, the most in 32 months. Such...


David Hertz's 'Californication' house in Venice sells for a record $14.6 million

Mon, 24 Apr 2017 17:50:00 PDT

A Venice residence made famous on the series “Californication” has sold for $14.6 million, a record for the beachfront neighborhood, public records show.

The home that sits on a lot of 7,500 square feet in the Silver Triangle consists of four permanent structures connected by three bridges that...


How a short sale can short-circuit your credit score

Sun, 23 Apr 2017 03:00:00 PDT

Dear Liz: In 2010 I was laid off from my construction management position. I was unable to find work for 28 months. The bank tried to foreclose but I was able to arrange a short sale of my home in March 2012. Shortly after that, my unemployment benefits ran out and I was unable to pay my obligations...


Green Day's Mike Dirnt is ready to part with two coastal California homes

Sat, 22 Apr 2017 07:00:00 PDT

Mike Dirnt, bassist for the band Green Day, is ready to beat it out of two coastal California neighborhoods. He’s put homes in Newport Beach and Montecito on the market for $3.8 million and $4.8 million, respectively.

The Newport property, built in 1967 and recently updated, sits on a corner lot...


Hot Property: Inside the celebrity housing orb

Sat, 22 Apr 2017 00:05:00 PDT

Though Los Angeles employers are concerned that high housing costs are an obstacle to hiring top talent, the Southern California celebrity sphere remains largely immune to such affordability fears.

As spring temperatures rise, so do the number of home deals among the area’s high-profile actors,...


U.S. home sales jump to a 10-year high

Fri, 21 Apr 2017 08:10:00 PDT

Americans bought homes in March at the fastest pace in more than a decade, a strong start to the traditional spring buying season.

Sales of existing homes climbed 4.4% last month to a seasonally adjusted annual rate of 5.71 million, the National Assn. of Realtors said Friday. This was the fastest...


Neighborhood Spotlight: San Pedro's working to add leisure to its to-do list

Fri, 21 Apr 2017 06:30:00 PDT

When the sailing vessel Pilgrim arrived at San Pedro to trade for cattle hides in 1834, seaman Richard Dana was struck by the area’s desolate quietude: It was, he wrote, “entirely bare of trees and even shrubs; and there was no sign of a town, — not even a house to be seen.”

To Dana and his crew...


Meet a new breed of hipsters: flipsters, millennials who flip homes

Fri, 21 Apr 2017 06:30:00 PDT

That ever-present real estate breed, the home flipper, has spawned a new progeny: flipsters, or hipsters who flip homes — often to a hipster market.

If you picture millennial flippers wearing flannel and pork pie hats as they peer through ironic eyewear at fixer-uppers, that might be a fairly accurate...


What about $875,000 buys right now in three L.A.-area housing markets

Thu, 20 Apr 2017 06:00:00 PDT

Here’s a look at what’s for sale in the high $800,000s in La Crescenta, Northridge and View Park.

LA CRESCENTA: This 1950s single-story has a Cold War relic buried in the backyard: a bomb shelter reached by concrete steps.

Address: 2749 Alabama St., La Crescenta, 91214

Listed for: $875,000 for...


San Diego housing: Mortgage rates down but is it enough?

Mon, 17 Apr 2017 15:55:00 PDT

After a rise in mortgage rates following Donald Trump’s election victory, rates have inched back down to nearly 4 percent.

In costly markets, like Southern California, small rate changes can mean saving thousands of dollars over the life of a loan — even though rates are at historic lows.

The monthly...


L.A.'s housing costs make it harder for companies to keep workers here, survey finds

Thu, 13 Apr 2017 11:05:00 PDT

With year-round sunshine, golden beaches and some of the country’s best tacos and burritos, you might think Los Angeles wouldn’t have a problem attracting and retaining workers.

But like many metropolitan areas burdened with high housing costs, the region’s affordability crisis is deterring workers...


California Inc.: Are higher gas taxes on the way to fix our crumbling roads?

Mon, 3 Apr 2017 05:00:00 PDT

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

Here's a rundown of upcoming stories this week and the highlights of last week.

Stocks ended the quarter Friday with sluggish trading, but it was still the best quarterly performance of the Standard & Poor's 500...


What $900,000 buys in Anaheim Hills, Cypress and Dana Point

Thu, 30 Mar 2017 06:00:00 PDT

How much house does $900,000 buy in the Orange County real estate market? In Anaheim Hills, that amount could get you a remodeled four-bedroom; in Cypress, a newer mission-style home; and in Dana Point, a house in the gated Monarch Beach community.

Here’s a more detailed look:



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...