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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: Mon, 20 Nov 2017 04:54:17 -0800

Copyright: ©2017 Los Angeles Times

U.S. home construction reaches strongest pace in a year, but falls in the West

Fri, 17 Nov 2017 07:45:00 PST

Construction of new homes in the United States climbed 13.7% in October, the biggest jump in a year, as builders broke ground on more apartments and single-family houses. But the increase wasn’t spread nationwide: Construction declined in the West.

The Commerce Department said Friday that the monthly...


Rock icon Sammy Hagar ready to part with his piece of Hawaiian paradise

Sat, 11 Nov 2017 06:00:00 PST

Following an exhausting Van Halen world tour in 1995, musician Sammy Hagar wanted nothing more than to spend a week relaxing in Hawaii. One week turned into two, two turned into a month and soon, the Red Rocker started looking for a home to buy.

His wish list was long: 10 acres of land, a pool...


Will San Diegans benefit from proposed federal tax plan?

Fri, 10 Nov 2017 06:00:00 PST

Question: Would San Diegans, on balance, benefit from the proposed federal income tax changes?

Phil Blair, Manpower

NO. As the legislation currently stands San Diegans and all Californians will lose their higher mortgage deductions, which are a result of our much higher cost of housing and deductions...


Historic aerospace plant to be turned into 'creative' offices in El Segundo

Thu, 9 Nov 2017 03:00:00 PST

A gated enclave spanning 30 acres in El Segundo where secret aerospace work has been going on for decades will be opened up to laid-back techies and other creative types in a $100-million makeover.

Los Angeles real estate developer Hackman Capital Partners — which last month landed a large Amazon...


These homes come with your own vineyard

Mon, 6 Nov 2017 13:05:00 PST

Homes in Trevi Hills are not cheap, but at least you can get a boatload of wine out of the deal.

Buyers in the 800-acre Lakeside development are part of a new real estate experiment in which they can set aside part of their one-to-two-acre property to produce wine.

Because most people are not automatic...


Neighborhood Spotlight: Arcadia's historic, scenic racetrack gives it a leg up

Fri, 3 Nov 2017 06:30:00 PDT

In a state whose history boasts many outsized characters, Elias Jackson "Lucky" Baldwin still stands out as one of the most colorful Californians of all time.

Baldwin came out west during the Gold Rush and quickly earned the nickname “Lucky” by making a fortune in San Francisco real estate and...


Silicon Beach leads the latest surge in home sale growth in L.A.

Fri, 3 Nov 2017 06:15:00 PDT

Temperatures may finally be cooling off across Los Angeles, but the same can’t be said for the housing market.

Following a record-breaking quarter that saw median sales prices in L.A. County hit a decade high, and the average days on market near a decade low, real estate markets, particularly on...


What $750,000 buys right now in three L.A.-area neighborhoods

Fri, 3 Nov 2017 05:45:00 PDT

At about $750,000, homes for sale in Chatsworth, Mount Washington and San Gabriel range from cozy post-and-beams to renovated English cottages. Here’s a larger look at the three housing markets.

CHATSWORTH: A flat-topped mansard roof and arched window awnings are among distinguishing features of...


Owning a home could cost more under GOP tax plan, especially if you live in L.A.

Thu, 2 Nov 2017 17:50:00 PDT

The Republican tax plan released Thursday seeks to dramatically rewrite rules that have shaped the housing market for decades, potentially dealing a blow to California, where a shortage of housing has led to some of the highest home prices in the nation.

Under current law, homeowners can deduct...


GOP tax plan: What does it mean for San Diego housing?

Thu, 2 Nov 2017 13:50:00 PDT

A tax plan introduced by House Republicans on Thursday could have a bigger impact on affluent San Diego County homebuyers than in the rest of the nation.

Why it matters: The plan would lower the annual mortgage interest deductions to newly issued loans totaling no more than $500,000, down from...


Downtown's historic Grand Central Market is sold to a local investor who promises few changes

Wed, 1 Nov 2017 05:00:00 PDT

The bustling Grand Central Market, one of Los Angeles’ best-known cultural landmarks, has been sold to a Beverly Hills real estate investor who vows to preserve its historic charms.

The sale that closed Tuesday included the 12-story Million Dollar Theater tower next door, home to the first movie...


San Diego home price increases outpace nation, most U.S. cities

Tue, 31 Oct 2017 12:00:00 PDT

San Diego had the third highest annual home price increase in the nation in August, a distinction not reached since 2014, said a top real estate index released Tuesday.

San Diego County home prices have risen 7.8 percent in a year, said the S&P Case-Shiller Indices, which are adjusted for seasonal...


What $600,000 buys right now in three San Diego County communities

Tue, 31 Oct 2017 09:05:00 PDT

Here’s a look at what roughly $600,000 — $15,000 more than the San Diego County median sales price in September — buys in the Chula Vista, Oceanside and San Diego housing markets.

CHULA VISTA: A refinished, wraparound deck, brick planters and a fire pit are among outdoor amenities at this remodeled...


Home prices rose in August even as sales slipped

Tue, 31 Oct 2017 06:50:00 PDT

U.S. home prices rose sharply in August from a year ago, a trend that is thwarting many would-be buyers and potentially slowing sales.

The Standard & Poor's CoreLogic Case-Shiller national home price index increased 6.1% in August from a year earlier. That's higher than the 5.9% annual gain in...


Ellen DeGeneres reels in a new spot on the Carpinteria coastline

Sun, 29 Oct 2017 08:40:00 PDT

Ellen DeGeneres, who has history when it comes to fixing up and selling homes, appears to have found her next project. The daytime talk show host and her wife, actress Portia de Rossi, have purchased a home in Carpinteria for $18.6 million.

Set along roughly 80 feet of sandy beach, the gated estate...


Pending home sales were flat in September

Thu, 26 Oct 2017 08:15:00 PDT

The number of people who signed contracts to buy homes was flat in September from the previous month, reflecting an ongoing nationwide shortage of homes being listed for sale.

The National Assn. of Realtors said its pending home sales index was 106 in September, the same as August's revised number....


New home sales soar to highest level in a decade

Wed, 25 Oct 2017 08:55:00 PDT

Sales of new homes jumped in the U.S.last month to the highest level since October 2007, a sign that Americans — unable to find existing homes — are turning to new construction. Damage from last month's hurricanes may have also inflated the data.

New home sales leapt 18.9% in September to a seasonally...


New San Diego median home price: $535K

Tue, 24 Oct 2017 13:40:00 PDT

The San Diego County median home price was $535,000 in September, unchanged from August, real estate tracker CoreLogic reported Tuesday.

In June, the price hit an all-time peak of $545,000 but has slowly declined after the busy spring and summer buying season.

The median home price has increased...


Home prices in Southern California reach bubble-era highs

Tue, 24 Oct 2017 10:00:00 PDT

Southern California home prices in September tied an all-time high, as the white-hot real estate market continued to surge and raise concerns over housing affordability.

The median price for the six-county region soared nearly 10% from a year earlier, to $505,000, data firm CoreLogic said Tuesday....


New owner’s Glendale home really is his castle

Mon, 23 Oct 2017 09:00:00 PDT

Glendale’s “Castle House,” once home to actor-screenwriter John Gilbert, has sold for $1.35 million. The property came on the market in June at $1.449 million.

Built in 1929 for actress Bertha Richter, the house evokes a European fortress with its turret and parapets. The silent film actress never...


Convention hotel developer to city of San Diego: Back off

Mon, 16 Oct 2017 17:25:00 PDT

The developer of a $300 million hotel complex planned for the same bayfront site as a proposed convention center expansion has filed suit against the city of San Diego, claiming that it is interfering with its contractual right to move forward with its project.

The lawsuit, which also names the...


Floyd Mayweather takes the prize for L.A. County's priciest home sale in September

Sat, 14 Oct 2017 07:35:00 PDT

Los Angeles County saw four home sales around the $20-million mark during September, including deals involving a commercial real estate mogul, a Netflix executive and a boxing champion. Here’s a look at the high-water sales.

$25.5 million — Beverly Hills

Floyd Mayweather Jr. wasted little time...


Forecast: California home prices will continue to rise in 2018

Thu, 12 Oct 2017 15:45:00 PDT

Home prices in California will continue to increase next year, but at a slower pace, said a forecast released Thursday by the California Association of Realtors.

The median price of a home is expected to rise 4.2 percent in 2018 to $561,000, less than the expected 7.2 percent increase this year.


Southern California apartment rents will keep climbing, report predicts

Wed, 11 Oct 2017 05:00:00 PDT

Southern California apartment rents are expected to get even pricier over the next two years, as demand increases along with job growth, a report released Wednesday said.

In Los Angeles County, average rents in 2018 are forecast to hit $2,304, up 3% from the previous year. In 2019, rents are expected...


Southern California apartment rents will keep climbing, report predicts

Wed, 11 Oct 2017 05:00:00 PDT

Southern California apartment rents are expected to get even pricier over the next two years, as demand increases along with job growth, a report released Wednesday said.

In Los Angeles County, average rents in 2018 are forecast to hit $2,304, up 3% from the previous year. In 2019, rents are expected...