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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, 29 May 2017 00:26:37 -0700

Copyright: ©2017 Los Angeles Times
 



Neighborhood Spotlight: Westchester evolves into a techie utopia

Fri, 26 May 2017 06:30:00 PDT

Surrounded by bluffs, the ocean, the 405 Freeway and LAX, Westchester started out as a windswept plain in a remote corner of the Los Angeles basin.

Its evolution into the site of a vast planned community — and a center of the aviation industry — is in many ways the tale of one ambitious developer...

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Could Wells Fargo's scandal boost mortgage discrimination lawsuits? L.A., other cities hope so

Thu, 25 May 2017 03:00:00 PDT

A recent Supreme Court decision that will allow mortgage discrimination cases against Wells Fargo and other banks to proceed is more than just another bad headline for the San Francisco financial giant.

As those cases progress, they represent yet another way that the bank’s practice of opening...

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Home sales are happening on the shortest timeline ever recorded

Wed, 24 May 2017 09:15:00 PDT

Americans pulled back their pace of home-buying in April, as the shrinking number of houses for sale and rising prices are putting them in a bind as their options dwindle.

The National Assn. of Realtors said Wednesday that sales of existing homes declined 2.3% last month to a seasonally adjusted...

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L.A. County median home price ties record high as housing market sizzles

Tue, 23 May 2017 17:15:00 PDT

The median home price in Los Angeles County has reached the all-time high set in 2007, a milestone that follows five years of steady recovery but comes amid renewed concerns over housing affordability.

Home prices rose nearly 6% in April from a year earlier, hitting the $550,000 level where the...

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San Diego home price hits all-time high of $525K

Tue, 23 May 2017 10:25:00 PDT

The San Diego County median home price hit $525,000 in April, passing the region’s previous peak reached in 2005, real estate tracker CoreLogic reported Tuesday.

High demand and tight supply appear to have pushed the price beyond previous milestones. There were 3,618 homes sold in April — the lowest...

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U.S. new home sales drop 11.4% in April, the most in two years

Tue, 23 May 2017 08:05:00 PDT

U.S. sales of new homes last month registered the biggest drop in more than two years.

The Commerce Department said Tuesday that new home sales skidded 11.4% in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected a more...

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San Diego record: $10.1 million condo for sale

Thu, 18 May 2017 09:55:00 PDT

A newly built penthouse condo in La Jolla with panoramic views of the Pacific Ocean is on the market for a record $10.12 million.

The cost for the 3,255-square feet unit is likely the highest asking price for a condo in San Diego County history, said the Greater San Diego Association of Realtors.

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U.S. household debt tops 2008 peak, but this time Americans' finances are better

Wed, 17 May 2017 12:15:00 PDT

The recovery from the Great Recession has hit a milestone: Total household debt climbed to $12.73 trillion in the first quarter to top the peak reached in 2008 before the housing market crash and severe economic downturn led to a historic reduction, according to government data released Wednesday.

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Wells Fargo steered blacks and Latinos toward costlier mortgages, Philadelphia lawsuit alleges

Tue, 16 May 2017 10:45:00 PDT

The city of Philadelphia has sued Wells Fargo, accusing the bank of discriminating against minority home buyers.

The complaint, filed Monday in a federal court in Pennsylvania, alleges that Wells Fargo violated the Fair Housing Act of 1968 by "steering" minority borrowers into mortgages that were...

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Husband and wife disagree on how to spend an inheritance. Time to call in help

Sun, 14 May 2017 03:00:00 PDT

Dear Liz: My wife and I own a home with $61,000 left on the mortgage. I have a 401(k) with about $30,000 in it and she has a pension plan. We are both in our 50s. We stand to inherit around $180,000 in cash and a condo worth about $250,000 from her mother, who is dying. We have no other debt. I...

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Home of the Week: $260K condo in Golden Hill

Fri, 12 May 2017 15:05:00 PDT

Home of the Week is a column that looks at an interesting home for sale in San Diego County. Selections do not necessarily mean the home is a good deal or an architectural wonder.

What are we talking about?

A very small condo in a somewhat popular area not far from downtown that is cheaper than...

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Neighborhood Spotlight: West Hills a paragon of family-friendly suburbia

Fri, 12 May 2017 06:30:00 PDT

Once part of the vast holdings of Miguel Leonis, a former ranch hand who gained control of part of the San Fernando Valley thanks to a questionable common-law marriage, the neighborhood of West Hills is now the epitome of San Fernando Valley suburban living.

A hundred years before the first suburban...

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Luxury home sales cooled in 2016, but a record number topped $100 million

Wed, 10 May 2017 09:05:00 PDT

Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than $100 million.

A report released Wednesday by Christie's International Real Estate shows that sales of homes priced at $1 million or more edged up about 1% worldwide...

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Rent growth steady for some of San Diego's biggest landlords

Mon, 8 May 2017 06:00:00 PDT

High rent for San Diegans means strong revenue growth for publicly traded companies that peddle apartments.

Four real estate investment trusts, companies that own and operate rental units, control 12,330 apartments in San Diego County and have occupancy rates north of 95 percent. They all reported...

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Televangelist's planned resort gets a major redesign but wailing wall still there

Mon, 8 May 2017 05:30:00 PDT

At first blush, the sophisticated renderings bespeak a modernist, campus-like setting, embroidered with meandering gardens, plazas, and stone and glass low-rise buildings. There are restaurants and a theater, a luxury hotel and a spa.

But look a little closer and it’s quickly apparent this 18-acre...

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Hot Property: Many roads lead to fame

Sat, 6 May 2017 00:05:00 PDT

It’s not just a face on the screen that makes one famous. This week’s offerings include big-name home buyers and sellers from many walks of life: radio, television, fashion and more.

Once you’re done checking out these star-studded transactions, visit and like our Facebook page, where you can find...

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What $2 million buys right now in three L.A. County real estate markets

Thu, 4 May 2017 06:00:00 PDT

Here’s a look at what’s on the market for about $2 million in the affluent communities of Cheviot Hills, Pacific Palisades and Rolling Hills Estates.

CHEVIOT HILLS: Built in 1938, this single-story home features an updated kitchen with white subway tile and a wide island/bar.

Address: 10561 Clarkson...

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Most homes in California and nationwide are still worth less than before the recession

Wed, 3 May 2017 14:25:00 PDT

Home values have risen for years amid the economic recovery. And in some corners of California, prices are even setting records, surpassing levels reached during the height of the housing bubble.

But for most of the state — and indeed the nation as a whole — values remain below those peaks, underscoring...

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San Diego is 12th most expensive city for renters, study says

Tue, 2 May 2017 16:40:00 PDT

The United States’ eighth-largest city is the 12th most expensive for renters, said a study released this week by real estate website Zumper.

San Diego’s ranking was unchanged since the website’s report last month. The most expensive places for renters are San Francisco, New York, San Jose, Boston...

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Neighborhood Spotlight: Baldwin Hills/Crenshaw finds itself in transition again

Fri, 28 Apr 2017 06:30:00 PDT

Few vantage points offer better views of L.A. than those in Baldwin Hills, where millions of years of sedimentary deposits in the ancient sea left behind a series of high domes on the flat surface of the basin.

Those rugged heights offer spectacular vistas for hikers, provide hillside perches for...

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Make sure home inspectors play by the rules

Fri, 28 Apr 2017 05:00:00 PDT

Most home buyers and sellers don't think much about what might derail their purchase or sale. But here's a sobering fact: One of every 20 sales contracts blows up along the road to closing. And roughly 1 in 4 runs into an issue that delays the scheduled settlement.

These statistics come from new...

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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...

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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...

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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...

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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...

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