REAL ESTATE

REAL ESTATE NEWS

  • San Diego County home price increases slow

    San Diego County home price increases slow

    San Diego County’s housing market in December grew more slowly than the national average, reflecting a trend of decelerating price increases since the start of 2016, said the S&P CoreLogic Case-Shiller Indices released Tuesday.  The regional index of home prices, adjusted for seasonal swings, was...

  • Southern California home prices, sales rise in January amid post-election rush

    Southern California home prices, sales rise in January amid post-election rush

    Southern California home prices and sales jumped in January from a year earlier, a sign buyers rushed to purchase a home as mortgage rates rose following the presidential election. Sales in the six-county region rose 5.4% to reach the highest level for a January in four years, real estate data...

  • San Diego home median price starts year under $500K

    San Diego home median price starts year under $500K

    The San Diego County median home price was $495,000 in January, unchanged for three months, CoreLogic said. In October, the median hit $507,500 — its highest point in a decade — but has remained under half a million dollars since and pushed the nominal 2005 peak of $517,500 (or $644,487 in 2016 dollars)...

  • The new reverse mortgage is safer but still expensive

    The new reverse mortgage is safer but still expensive

    Dear Liz: If you have never written about the new reverse mortgages, please consider it. I’m nearly 90 and this Home Equity Conversion Mortgage sounds too good to be true. Is it? I’ve talked to a broker and a direct lender and attended a two-hour seminar on the subject. Answer: Reverse mortgages...

  • Warren Buffett paid $150,000 for this O.C. home. Now he's asking $11 million

    Warren Buffett is ready to cash in a nearly 5-decade-old investment. The 86-year-old business magnate has listed an ocean-view home in Laguna Beach for sale at $11 million. That’s quite a markup from the $150,000 Buffett paid for the property in 1971, property records show. The multilevel home,...

  • Hot Property: It takes money to make money

    Hot Property: It takes money to make money

    This week’s offerings remind us that if one buys and holds real estate long enough, there’s money to be made. We start with a timeless example. How long, you ask? Oh, say close to 50 years. How much, you ask? Nearly $11 million. At least that’s how a Laguna Beach investment is shaping up for billionaire...

  • 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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MORE REAL ESTATE NEWS

  • Mega-mansions in this L.A. suburb used to sell to Chinese buyers in days. Now they're sitting empty for months

    Mega-mansions in this L.A. suburb used to sell to Chinese buyers in days. Now they're sitting empty for months

    The mansion on Fallen Leaf Road in the secluded Upper Rancho neighborhood of Arcadia has all the trappings a wealthy buyer from China could want: a crystal chandelier in the entryway, marble floors, a home theater outfitted with a dozen reclining leather chairs and, naturally, a fortuitous eight...

  • Americans buy existing homes at fastest pace in a decade

    Americans buy existing homes at fastest pace in a decade

    Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows. Home sales rose 3.3% in January from December to a seasonally...

  • Stocks hit new records as an appetite for deals sends food companies up

    Stocks hit new records as an appetite for deals sends food companies up

    Stocks again broke records Tuesday as investors came back from a long weekend hungry for deals. Although Kraft Heinz and Unilever couldn't agree to a proposed $143-billion mega-merger, food and household goods makers rose as investors bet that other deals are coming. Companies that make packaged...

  • Sprawling former Toyota headquarters campus in Torrance is up for sale

    Sprawling former Toyota headquarters campus in Torrance is up for sale

    Looking for an office complex with its own helipads, swimming pool, data center and emergency power? One just hit the market in Torrance: the longtime North American headquarters of Japanese car manufacturer Toyota, which is consolidating its U.S. operations in Texas. Toyota announced its plans...

  • 2016: The year in housing

    2016: The year in housing

    San Diego County’s housing market hasn’t fully recovered from the recession, but it is getting close. Last year, 23 ZIP codes hit new high median home prices, according to real estate tracker CoreLogic. The countywide median in 2016, $490,000, fell just shy of the $500,000 peak reached in 2005...

  • What do millennials want?

    What do millennials want?

    Offices ideal for collaboration and flexible spaces and residences with shared amenities near social opportunities part of the mix

  • Making San Diego affordable

    Making San Diego affordable

    City's Housing Commission using analysis to increase stock that is within reach for families unable to pay market costs

  • It's not 2016 anymore ...

    It's not 2016 anymore ...

    Between boom and bust forecasts for the Trump era, the smart money might be on somewhere between those extremes

  • Kurt Russell and Goldie Hawn let go of longtime Pacific Palisades home

    Kurt Russell and Goldie Hawn let go of longtime Pacific Palisades home

    Actors Kurt Russell and Goldie Hawn have sold their Pacific Palisades home of more than a decade for $6.9 million. The Georgian traditional-style home, built in 1951 and since updated, retains its classic curb appeal, with slender columns, ivy-covered siding and brickwork. An ornate frontispiece...

  • Hot Property: To everything there is a season

    Hot Property: To everything there is a season

    Turn! Turn! Turn! Wannabe home buyers are out there kicking tires — or, more accurately, turning on faucets, lights and garbage disposals as they size up houses for sale. And sellers are ready for them. This week’s lineup of notables includes longtime Hollywood stars, captains of industry and sports...

  • San Diego home price increases outpace nation and California

    San Diego home price increases outpace nation and California

    Prices in San Diego County’s housing market in November outpaced the rest of the nation and California, said the S&P CoreLogic Case-Shiller Indices released Tuesday.  Adjusted for seasonal variation, the San Diego regional index of home prices was up 5.8 percent in November compared to a year ago....

  • 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...

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