REAL ESTATE

REAL ESTATE NEWS

Home sales are happening on the shortest timeline ever recorded

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...

HOT PROPERTY: CELEBRITIES

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NEIGHBORHOOD SPOTLIGHT

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

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

    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...

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

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

    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...

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

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

    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...

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

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

    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...

  • Hot Property: Many roads lead to fame

    Hot Property: Many roads lead to fame

    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...

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

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

    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...

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

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

    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...

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

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

    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...

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

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

    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...

  • Make sure home inspectors play by the rules

    Make sure home inspectors play by the rules

    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...

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

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

    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

    Hot Property: Inside the celebrity housing orb

    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

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

    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...

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

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

    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...

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

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

    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...

  • San Diego home price increases fall behind nation

    San Diego home price increases fall behind nation

    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

    Meteorologist Dallas Raines records a quick sale in Pasadena

    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

    Stocks get a boost from consumer confidence and hopes for tax cuts

    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

    Why California stinks for first-time home buyers

    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

    'Dancing with the Stars' alum Mark Ballas makes the leap to Laurel Canyon

    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...

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