REAL ESTATE

REAL ESTATE NEWS

  • Homes in Eagle Rock, La Canada Flintridge and Topanga for about $900,000

    Homes in Eagle Rock, La Canada Flintridge and Topanga for about $900,000

    What does $900,000 buy in L.A. County’s real estate market? In Eagle Rock, a newly built contemporary; in La Cañada Flintridge, a cozy ranch home; and in Topanga, a two-house compound. Here’s a more detailed look: EAGLE ROCK: A wall of bi-folding doors extends the living space outside at this newly...

  • Luxury developers are painting the town green to cater to the eco-conscious

    Luxury developers are painting the town green to cater to the eco-conscious

    Real estate developers are seeing green. Responding to interest among home buyers for eco-friendly dwellings, developers are building energy- and water-efficient features into homes, reusing materials instead of buying new ones and purchasing bicycles for residents to use. They’re also catering...

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  • Report: SoCal to build more housing in '17

    Report: SoCal to build more housing in '17

    San Diego County homeowners saw some of the biggest home value increases in Southern California in the last year, while landlords benefited from some of the lowest rental vacancy rates in the region, said a detailed industry report released Sunday. While high demand for housing propelled prices...

  • 'Spider-Man' actor swings into Brentwood, and other top sales

    'Spider-Man' actor swings into Brentwood, and other top sales

    A pair of speculative developers, a philanthropist and one of Hollywood’s biggest tickets were among those closing deals in L.A. County’s high-end real estate market in late October and early November. $22 million — Beverly Crest After selling a $100-million spec house to Tom Gores, developers...

  • Bob Hope's desert retreat sells to billionaire Ron Burkle for $13 million

    Bob Hope's desert retreat sells to billionaire Ron Burkle for $13 million

    The Bob and Dolores Hope estate in Palm Springs, designed by renowned Modernist architect John Lautner, has sold to billionaire Ron Burkle for $13 million. That’s just more than half the most recent asking price of $24.999 million and considerably less than the original list price of $50 million,...

  • The time to protect your real property assets is before any HOA litigation

    The time to protect your real property assets is before any HOA litigation

    Question: Not long after we moved into our townhouse, we came to loggerheads with the board. Try as we might to resolve our differences, nothing worked. My wife and I found ourselves in a lawsuit with the association that started shortly after we moved here. Yesterday our attorney explained the...

  • Industrial tops 2017 real estate prospects

    Industrial tops 2017 real estate prospects

    Industrial properties, particularly those serving online shopping businesses, top the list of best real estate prospects in 2017, according to a survey of brokers, developers and other building-industry leaders. The recently released “Emerging Trends in Real Estate” from the Urban Land Institute...

  • Mortgage rates keep rising after Trump's election, threatening home affordability

    Mortgage rates keep rising after Trump's election, threatening home affordability

    Long-term U.S. mortgage rates continued to surge this week in the aftermath of the election of Donald Trump as president.  Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03%, the highest since July 2015 and up from 3.94% a week earlier....

  • SoCal not expected to share in rosy 2017 housing forecast

    SoCal not expected to share in rosy 2017 housing forecast

    Homeownership rates will rise across the nation in 2017 after years of declines as more millennials enter the market, Zillow predicted Tuesday in its look-ahead report.  But, the Southern California market is not expected to see the same gains experienced in the rest of the country because of a...

  • U.S. home sales reach strongest pace in nearly a decade

    U.S. home sales reach strongest pace in nearly a decade

    Americans bought homes in October at the fastest pace in nearly decade, helped out by low mortgage rates that have since started to climb following the presidential election of Donald Trump. The National Assn. of Realtors said Tuesday that sales of existing homes rose 2% to a seasonally adjusted...

  • It's in titleholders own best interest to make sure HOAs have all their addresses

    It's in titleholders own best interest to make sure HOAs have all their addresses

    Question: My daughter just learned that her homeowner association is foreclosing on her condominium, but she was never served with notice. Doesn’t she have to be personally served? Also, the board told her she did not comply with a legal requirement that she inform them of other addresses she may...

  • Hundreds of new downtown rentals approved

    Hundreds of new downtown rentals approved

    Get used to a  skyline filled with construction cranes. The downtown  housing boom looks like it’ll continue for the next six years. Civic San Diego, the city’s downtown development review agency, reviewed seven projects with 1,650 apartments Wednesday — possibly a one-meeting record in more than...

  • U.S. home construction jumps the most in 34 years

    U.S. home construction jumps the most in 34 years

    Builders broke ground on the most new homes in nine years last month, a response to strong demand that should lift the economy. Home construction soared 25.5% to a seasonally adjusted 1.3 million in October, the Commerce Department said Thursday. That is the biggest percentage gain since July 1982....

  • Bob Hope's Palm Springs estate, once listed at $50 million, sells for $13 million

    Bob Hope's Palm Springs estate, once listed at $50 million, sells for $13 million

    The Bob and Dolores Hope estate in Palm Springs, designed by renowned Modernist architect John Lautner, has sold for $13 million. That’s just over half the $24.999 million asking price and considerably less than the original list price of $50 million, but still among the priciest home sales ever...

  • Millennials aren't settling in San Diego. Here's why.

    Millennials aren't settling in San Diego. Here's why.

    San Diego is beautiful, but if you’re a young person without a lot of cash, North Carolina doesn’t look half bad. Despite hip locales, craft beer and a bike lanes, San Diego County had one of the smaller millennial population increases in the nation from 2005 to 2015, said a study from Apartment...

  • Westside spec house fetches $100 million in complex sale

    Westside spec house fetches $100 million in complex sale

    A spate of recent sales, including a nine-figure deal in Holmby Hills, has kept the market for high-end homes in Greater Los Angeles red hot through the month of October. Among the buyers and sellers was an NBA franchise owner and a Grammy-winning singer. Here’s a look at the priciest home sales...

  • Treasury candidate is a Wall Street executive who has backed movies such as last summer's 'Suicide Squad'

    Treasury candidate is a Wall Street executive who has backed movies such as last summer's 'Suicide Squad'

    Much of liberal Hollywood may be lamenting the prospect of a Donald Trump presidency, but one prominent industry player could wind up getting a high-profile position in the new administration. Steven Mnuchin, 53, a wealthy Wall Street executive and successful film financier who served as the national...

  • What will a President Trump mean for SoCal housing and L.A.'s building boom?

    What will a President Trump mean for SoCal housing and L.A.'s building boom?

    With home prices and rents rising in Southern California, developers are busy building houses, condos and apartments – particularly in downtown Los Angeles, where a residential building boom is underway. So what does an unexpected Trump presidency mean for the housing market, which has continued...

  • What will a President Trump mean for SoCal housing?

    What will a President Trump mean for SoCal housing?

    Southern California housing under a Trump presidency could see higher mortgage rates but also emboldened builders who hope regulatory hurdles will be reduced, said regional housing experts.  California continues to have some of the highest home and rent prices in the nation, with wages not keeping...

  • Vista apartment complex sells for $6.2M

    Vista apartment complex sells for $6.2M

    An Orange County private real estate investment firm has purchased a 32-unit apartment complex in Vista for $6.2 million.  Bascom Group paid $193,750 per unit for the Hillside Terrace complex, a 28-year-old property, earlier this month.  Sixteen apartment properties have sold in Vista in the past...

  • Should San Diego students live on or off campus?

    Should San Diego students live on or off campus?

    Local universities continue to feel pressure to provide more student housing in a climate of rising rent and home prices, said school planners at an event Tuesday in downtown San Diego.  But, there could be changes coming because of shifting preferences, opportunities for private builders and new...

  • Miami, in unusual legal strategy, sues big banks to recoup losses during mortgage crisis

    Miami, in unusual legal strategy, sues big banks to recoup losses during mortgage crisis

    The housing collapse of 2008 nearly broke the city of Miami. Now, its leaders have embarked on a novel and aggressive legal strategy to recoup losses from the big banks they say created the crisis with discriminatory and predatory lending practices. It is a high-stakes effort that is being encouraged...

  • Realtor spat leads to possible online home listing change

    Realtor spat leads to possible online home listing change

    The main website where some San Diegans list their homes for sale might be changing but, for buyers and sellers, it will probably be hard to notice any difference.  Right now, almost all homes on market in San Diego County go on a central database called Sandicor that is used by real estate agents...

  • Wells Fargo will pay $50 million to settle allegations it overcharged homeowners for appraisals

    Wells Fargo will pay $50 million to settle allegations it overcharged homeowners for appraisals

    Wells Fargo & Co. reached a $50-million settlement this week with homeowners who alleged that the bank marked up home appraisal fees for borrowers who defaulted on their residential loans. Under the terms of the settlement, which is still subject to a judge’s approval, San Francisco-based Wells...

  • Real estate investors bet on the next big thing for L.A.'s Arts District: Offices

    Real estate investors bet on the next big thing for L.A.'s Arts District: Offices

    In recent years, the once-gritty Arts District in downtown Los Angeles has seen an influx of restaurants, bars and residences, including large apartment projects from major developers. But now, with the streets cleaner and more lively, real estate investors are betting on a different type of property:...

  • San Diego's biggest landlords

    San Diego's biggest landlords

    At the height of the housing boom, one of the nation’s largest publicly traded apartment companies made around $39 million from San Diego rentals.  Equity Residential, according to its earnings reports in 2005, had 3,486 apartments in San Diego County that made up 4.1 percent of its net operating...

  • The lowdown on new low-down-payment mortgage programs

    The lowdown on new low-down-payment mortgage programs

    Potential home buyers who can’t quite pony up the traditional 20% down payment have often had FHA loans as an alternative. But some lenders are shying away from these loans for legal and regulatory reasons. Over the last few months, those same lenders have begun filling the gap with their own low-down-payment...

  • Southern California home sales dip in September

    Southern California home sales dip in September

    The Southern California real estate market took a breather in September, with sales dipping slightly as the market entered a typically slower season amid price gains that have made homes less affordable. Real estate firm CoreLogic said Wednesday that sales in the six-county region fell nearly 1%...

  • San Diego median home price fell in September

    San Diego median home price fell in September

    The San Diego County median home price hit $495,000 in September, a drop from the previous month but a strong showing for a typically slow part of the year, real estate tracker CoreLogic reported Wednesday. Last month, the median home price reached $498,000, its highest point in a decade, but the...

  • San Diego housing market still slow in August

    San Diego housing market still slow in August

    Prices grew modestly in San Diego County’s housing market in August, capping a slow summer, said the S&P CoreLogic Case-Shiller Indices released Tuesday. Adjusted for seasonal variation, the regional index of home prices was 5.8 percent higher in August compared to a year ago. However, compared...

  • Robin Strasser of 'One Life to Live' parts ways with Thousand Oaks home

    Robin Strasser of 'One Life to Live' parts ways with Thousand Oaks home

    Actress Robin Strasser, known for her run as Dorian Lord on the soap opera “One Life to Live,” has sold her home in the Thousand Oaks area for $1.05 million. Found within a gated Newbury Park community, the two-story home features vaulted ceilings, hardwood floors and a step-down living room that...

  • U.S. home prices rose 5.1% in August, lifted by dwindling supply

    U.S. home prices rose 5.1% in August, lifted by dwindling supply

    U.S. home prices climbed at a solid pace in August as more buyers competed for fewer available properties. The Standard & Poor's CoreLogic Case-Shiller 20-city home price index rose 5.1% in August, after a 5% gain in July. Portland, Seattle and Denver reported the strongest year-over-year increases...

  • Why Chinese investors are buying U.S. hotels, including $6.5 billion for a Hilton stake

    Why Chinese investors are buying U.S. hotels, including $6.5 billion for a Hilton stake

    Worried about a slowdown in their economy, Chinese investors are stepping up their spending on U.S. hotel properties with China's HNA Group announcing Monday that it is buying a 25% stake in Hilton Worldwide Holdings Inc. HNA, the giant Chinese hotel and tourism company, plans to buy Hilton shares from...

  • California actually benefits a lot from trade with China

    California actually benefits a lot from trade with China

    Virgil Chis knows all about the loss of American factory jobs. He also has seen firsthand the benefits of Chinese money flowing freely into the U.S. Chis, 43, lost his job tuning engines when Fisker Automotive, the luxury electric car company based in Anaheim, collapsed into bankruptcy in 2013....

  • In Beverly Hills, real estate money is talking very loudly at the ballot box

    In Beverly Hills, real estate money is talking very loudly at the ballot box

    Beverly Hills being what it is, and the luxury hotel and condo market being what it is, spending more than $6 million to pass a city ballot initiative to secure approval for a major project would seem like a bargain. Chump change, in fact, when weighed against the $700-million price tag on the...

  • Neighborhood Spotlight: Canoga Park rocketing on fewer engines

    Neighborhood Spotlight: Canoga Park rocketing on fewer engines

    If there’s one part of the San Fernando Valley that most expressed the go-go spirit of Space Age America, it’s Canoga Park. The neighborhood is where aerospace giant Rocketdyne designed the massive rockets that would take us to the moon and back, and where each sprawling new ranch home contained...

  • Home and rent price increases to slow, economists predict

    Home and rent price increases to slow, economists predict

    National home and rent price increases are expected to slow in the next two years, said a report of 51 economists and analysts released Tuesday. Average home prices will increase by 5 percent in 2017 and 4 percent in 2018 — down from the 5.8 percent increase in 2015 and 5.1 percent this year, said...

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