REAL ESTATE

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How a short sale can short-circuit your credit score

Dear Liz: In 2010 I was laid off from my construction management position. I was unable to find work for 28 months. The bank tried to foreclose but I was able to arrange a short sale of my home in March 2012. Shortly after that, my unemployment benefits ran out and I was unable to pay my obligations...

  • 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...

  • 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...

  • 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...

  • What about $875,000 buys right now in three L.A.-area housing markets

    What about $875,000 buys right now in three L.A.-area housing markets

    Here’s a look at what’s for sale in the high $800,000s in La Crescenta, Northridge and View Park. LA CRESCENTA: This 1950s single-story has a Cold War relic buried in the backyard: a bomb shelter reached by concrete steps. Address: 2749 Alabama St., La Crescenta, 91214 Listed for: $875,000 for...

  • San Diego housing: Mortgage rates down but is it enough?

    San Diego housing: Mortgage rates down but is it enough?

    After a rise in mortgage rates following Donald Trump’s election victory, rates have inched back down to nearly 4 percent. In costly markets, like Southern California, small rate changes can mean saving thousands of dollars over the life of a loan — even though rates are at historic lows. The monthly...

  • L.A.'s housing costs make it harder for companies to keep workers here, survey finds

    L.A.'s housing costs make it harder for companies to keep workers here, survey finds

    With year-round sunshine, golden beaches and some of the country’s best tacos and burritos, you might think Los Angeles wouldn’t have a problem attracting and retaining workers. But like many metropolitan areas burdened with high housing costs, the region’s affordability crisis is deterring workers...

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MORE REAL ESTATE NEWS

  • California Inc.: Are higher gas taxes on the way to fix our crumbling roads?

    California Inc.: Are higher gas taxes on the way to fix our crumbling roads?

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. Here's a rundown of upcoming stories this week and the highlights of last week. Stocks ended the quarter Friday with sluggish trading, but it was still the best quarterly performance of the Standard & Poor's 500...

  • What $900,000 buys in Anaheim Hills, Cypress and Dana Point

    What $900,000 buys in Anaheim Hills, Cypress and Dana Point

    How much house does $900,000 buy in the Orange County real estate market? In Anaheim Hills, that amount could get you a remodeled four-bedroom; in Cypress, a newer mission-style home; and in Dana Point, a house in the gated Monarch Beach community. Here’s a more detailed look: ANAHEIM HILLS: This...

  • 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...

  • San Diego home prices dip in February

    San Diego home prices dip in February

    The San Diego County median home price dropped 1 percent in February to $492,000, CoreLogic said. Typically one of the slowest months of the year, the February median price has increased on average just 1.4 percent from January since 2000. San Diego’s median hit $507,500 in October but has been...

  • Southern California home prices jump again as short supply fuels bidding wars

    Southern California home prices jump again as short supply fuels bidding wars

    Southern California home prices jumped in February, posting the largest increase in more than a year, as buyers rushed to outbid one another for a meager selection of homes for sale. The six-county region’s median price for new and resale homes hit $460,000 last month, up $5,000 from January, real...

  • Los Angeles ranks as the top choice in the U.S. for international real estate investors

    Los Angeles ranks as the top choice in the U.S. for international real estate investors

    Los Angeles is in a sweet spot in its real estate cycle that will make it one of the top choices in the world for buying property this year, a new report says. The L.A. area ranked No. 1 in North America in a survey of global real estate investors who have a combined total of $1.7 trillion to spend...

  • Deploying a windfall wisely

    Deploying a windfall wisely

    Dear Liz: I recently received a $38,000 windfall. I have a student loan balance of $37,000. I want to buy a home, but I can’t decide if I should have a large down payment and continue paying down student loans slowly, or make a balloon payment on my student loans and put down a smaller amount on...

  • Didn't pay your HOA assessments? Get ready for steep penalties and interest costs

    Didn't pay your HOA assessments? Get ready for steep penalties and interest costs

    Question: Our homeowner association is trying to foreclose on our home for unpaid dues and assessments. The mortgage payments have been paid on time, but the board is still threatening foreclosure. Worse, after the board hired a lawyer, our total owed dramatically increased. We agree the unpaid...

  • Hot Property: Get your fill of eye candy

    Hot Property: Get your fill of eye candy

    There’s a lot to look at in this week’s lineup. Singer Britney Spears’  house in Thousand Oaks is sharply dressed in subdued tones. Clothing magnate Tommy Hilfiger’s Florida estate blinds with dazzling geometric patterns and bright colors. Pro golfer’s Fred Couple’s Mediterranean villa smoothly...

  • Millennials want houses in the suburbs after all, new studies find

    Millennials want houses in the suburbs after all, new studies find

    At 24 years old, Bre Hataishi wants a house. For now, the preschool teacher rents a one-bedroom apartment in San Diego’s South Park neighborhood with her boyfriend, but only because their income is far too low for them to buy a home. When the time comes, they have little interest in the hundreds...

  • Where millennials want to live might surprise you

    Where millennials want to live might surprise you

    Even at 24 years old, preschool teacher Bre Hataishi has her eyes set on a house. For now, she rents a one-bedroom apartment in South Park with her boyfriend, but only because their income is nowhere near what they need to purchase. When the time comes, the couple has little interest in the hundreds...

  • What $900,000 buys in the San Fernando Valley real estate market

    What $900,000 buys in the San Fernando Valley real estate market

    What does $900,000 buy in the San Fernando Valley housing market? In Burbank, a contemporary home with canyon views; in Chatsworth, a 5,200-square-foot house with a pool; and in Studio City, a 1930s bungalow with a recording studio. Here’s a more detailed look: SYLMAR: This ranch-style house on...

  • 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...

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