REAL ESTATE

REAL ESTATE NEWS

  • Off with a bang? L.A. County sees two sales of $30 million or more in early February

    Off with a bang? L.A. County sees two sales of $30 million or more in early February

    The high-end market may have been slow to develop in 2016, but it is already off to a brisk start this year. L.A. County has seen eight sales of $20 million or more through the first six weeks of 2017. Among them are two properties in Bel-Air that recently traded hands at $30 million or more. Here’s...

  • Homes in Lompoc, Santa Barbara and Solvang for around $750,000

    Homes in Lompoc, Santa Barbara and Solvang for around $750,000

    How much house does around $750,000 buy in the Santa Barbara County housing market? In Lompoc, a recently built four-bedroom; in Santa Barbara, a downtown-area cottage; and in Solvang, an updated ranch-style home. Here’s a more detailed look: LOMPOC: An updated kitchen and master bathroom are among...

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  • Report says Treasury nominee Steve Mnuchin misled senators about foreclosures by OneWest Bank

    Report says Treasury nominee Steve Mnuchin misled senators about foreclosures by OneWest Bank

    An Ohio newspaper reported that Steve Mnuchin, President Trump’s nominee to be Treasury secretary, misled senators about foreclosures by OneWest Bank while he was chief executive, providing more fuel to opponents ahead of a contentious committee confirmation vote scheduled for Tuesday. The Columbus...

  • San Diego's new white knight? Mike Stone and pro soccer

    San Diego's new white knight? Mike Stone and pro soccer

    If San Diego needs a white knight after losing the Chargers, Mike Stone might be the one. He and his fellow investors have proposed replacing the NFL with the MLS, making soccer, not football, San Diego’s rally-around, civic-spirit-raising sport. The plan includes demolishing Qualcomm Stadium and...

  • Seeing green: Jane Fonda and Richard Perry seek $13 million for eco-friendly home

    Seeing green: Jane Fonda and Richard Perry seek $13 million for eco-friendly home

    Music producer Richard Perry and actress Jane Fonda are readying for a scene change in Beverly Hills, listing their eco-friendly home of five years for sale at $12.999 million. Tucked behind gates in the Trousdale Estates area, the four-bedroom, 6.5-bathroom house boasts clean lines, open-plan...

  • Virtual reality homebuying on the horizon

    Virtual reality homebuying on the horizon

    Southern California’s home market is so competitive that some buyers make down payments on houses over mobile streaming applications.  Soon, thanks to virtual reality, showing a home may become passé, too.  Calgary, Canada-based builder Brookfield Residential will offer virtual tours of model homes...

  • San Diego median home price ends the year under $500,000

    San Diego median home price ends the year under $500,000

    The typical home price in San Diego County ended the year under half a million dollars.  In December, the median home price was $495,000, real estate tracker CoreLogic reported Tuesday. It was the same as the previous month and below the year’s peak of $507,500 in October. In 12 months, the county’s...

  • Southern California home prices jump and sales fall

    Southern California home prices jump and sales fall

    Southern California home prices jumped in December, reaching the highest level in more than nine years. An improving economy and a shortage of homes for sale propelled prices up 6.8% from a year earlier, real estate data firm CoreLogic said Tuesday. December’s median price of $470,000 was up 1.1%...

  • Trump's team suspended a mortgage insurance rate cut. Here's what that means

    Trump's team suspended a mortgage insurance rate cut. Here's what that means

    On Friday, the Trump administration suspended a pending rate cut to FHA mortgage insurance that the outgoing Obama administration announced just a week earlier.  The decision to indefinitely suspend the planned cut was one of the new administration’s first acts. As a result, a decision over insurance...

  • The vanishing San Diego single-family home

    The vanishing San Diego single-family home

    Many people still dream of buying a house that includes a few bedrooms, a yard to play in and a porch to watch the comings and goings of the neighborhood.  Yet making that dream a reality is becoming increasingly more difficult in San Diego County. Local planners and communities have largely cut...

  • Properties linked to Malaysian money scandal sell in Beverly Hills

    Properties linked to Malaysian money scandal sell in Beverly Hills

    A trio of home sales of $26.5 million or more in the Beverly Hills area capped off a year in which Los Angeles County saw sales volume of $19.8 billion, up 7% from the previous year, according to the Multiple Listing Service. Among the hefty transactions recorded in the last two weeks of December...

  • HUD suspends FHA mortgage insurance rate cut an hour after Trump takes office

    HUD suspends FHA mortgage insurance rate cut an hour after Trump takes office

    An hour after Donald Trump assumed the presidency Friday, his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed loans, which are popular with first-time home buyers and those with poor credit. The move by the Department of Housing and Urban...

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