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  • GOP tax plan: What does it mean for San Diego housing?

    GOP tax plan: What does it mean for San Diego housing?

    A tax plan introduced by House Republicans on Thursday could have a bigger impact on affluent San Diego County homebuyers than in the rest of the nation. Why it matters: The plan would lower the annual mortgage interest deductions to newly issued loans totaling no more than $500,000, down from...

  • Downtown's historic Grand Central Market is sold to a local investor who promises few changes

    Downtown's historic Grand Central Market is sold to a local investor who promises few changes

    The bustling Grand Central Market, one of Los Angeles’ best-known cultural landmarks, has been sold to a Beverly Hills real estate investor who vows to preserve its historic charms. The sale that closed Tuesday included the 12-story Million Dollar Theater tower next door, home to the first movie...

  • San Diego home price increases outpace nation, most U.S. cities

    San Diego home price increases outpace nation, most U.S. cities

    San Diego had the third highest annual home price increase in the nation in August, a distinction not reached since 2014, said a top real estate index released Tuesday. San Diego County home prices have risen 7.8 percent in a year, said the S&P Case-Shiller Indices, which are adjusted for seasonal...

  • What $600,000 buys right now in three San Diego County communities

    What $600,000 buys right now in three San Diego County communities

    Here’s a look at what roughly $600,000 — $15,000 more than the San Diego County median sales price in September — buys in the Chula Vista, Oceanside and San Diego housing markets. CHULA VISTA: A refinished, wraparound deck, brick planters and a fire pit are among outdoor amenities at this remodeled...

  • Home prices rose in August even as sales slipped

    Home prices rose in August even as sales slipped

    U.S. home prices rose sharply in August from a year ago, a trend that is thwarting many would-be buyers and potentially slowing sales. The Standard & Poor's CoreLogic Case-Shiller national home price index increased 6.1% in August from a year earlier. That's higher than the 5.9% annual gain in...

  • Ellen DeGeneres reels in a new spot on the Carpinteria coastline

    Ellen DeGeneres reels in a new spot on the Carpinteria coastline

    Ellen DeGeneres, who has history when it comes to fixing up and selling homes, appears to have found her next project. The daytime talk show host and her wife, actress Portia de Rossi, have purchased a home in Carpinteria for $18.6 million. Set along roughly 80 feet of sandy beach, the gated estate...

  • Pending home sales were flat in September

    Pending home sales were flat in September

    The number of people who signed contracts to buy homes was flat in September from the previous month, reflecting an ongoing nationwide shortage of homes being listed for sale. The National Assn. of Realtors said its pending home sales index was 106 in September, the same as August's revised number....

  • New home sales soar to highest level in a decade

    New home sales soar to highest level in a decade

    Sales of new homes jumped in the U.S.last month to the highest level since October 2007, a sign that Americans — unable to find existing homes — are turning to new construction. Damage from last month's hurricanes may have also inflated the data. New home sales leapt 18.9% in September to a seasonally...

  • New San Diego median home price: $535K

    New San Diego median home price: $535K

    The San Diego County median home price was $535,000 in September, unchanged from August, real estate tracker CoreLogic reported Tuesday. In June, the price hit an all-time peak of $545,000 but has slowly declined after the busy spring and summer buying season. The median home price has increased...

  • Home prices in Southern California reach bubble-era highs

    Home prices in Southern California reach bubble-era highs

    Southern California home prices in September tied an all-time high, as the white-hot real estate market continued to surge and raise concerns over housing affordability. The median price for the six-county region soared nearly 10% from a year earlier, to $505,000, data firm CoreLogic said Tuesday....

  • New owner’s Glendale home really is his castle

    New owner’s Glendale home really is his castle

    Glendale’s “Castle House,” once home to actor-screenwriter John Gilbert, has sold for $1.35 million. The property came on the market in June at $1.449 million. Built in 1929 for actress Bertha Richter, the house evokes a European fortress with its turret and parapets. The silent film actress never...

  • Convention hotel developer to city of San Diego: Back off

    Convention hotel developer to city of San Diego: Back off

    The developer of a $300 million hotel complex planned for the same bayfront site as a proposed convention center expansion has filed suit against the city of San Diego, claiming that it is interfering with its contractual right to move forward with its project. The lawsuit, which also names the...

  • Floyd Mayweather takes the prize for L.A. County's priciest home sale in September

    Los Angeles County saw four home sales around the $20-million mark during September, including deals involving a commercial real estate mogul, a Netflix executive and a boxing champion. Here’s a look at the high-water sales. $25.5 million — Beverly Hills Floyd Mayweather Jr. wasted little time...

  • Forecast: California home prices will continue to rise in 2018

    Forecast: California home prices will continue to rise in 2018

    Home prices in California will continue to increase next year, but at a slower pace, said a forecast released Thursday by the California Association of Realtors. The median price of a home is expected to rise 4.2 percent in 2018 to $561,000, less than the expected 7.2 percent increase this year....

  • Southern California apartment rents will keep climbing, report predicts

    Southern California apartment rents will keep climbing, report predicts

    Southern California apartment rents are expected to get even pricier over the next two years, as demand increases along with job growth, a report released Wednesday said. In Los Angeles County, average rents in 2018 are forecast to hit $2,304, up 3% from the previous year. In 2019, rents are expected...

  • Southern California apartment rents will keep climbing, report predicts

    Southern California apartment rents will keep climbing, report predicts

    Southern California apartment rents are expected to get even pricier over the next two years, as demand increases along with job growth, a report released Wednesday said. In Los Angeles County, average rents in 2018 are forecast to hit $2,304, up 3% from the previous year. In 2019, rents are expected...

  • What $1 million buys right now in three Ventura County real estate markets

    What $1 million buys right now in three Ventura County real estate markets

    Here’s a look at how far $1 million goes in the Newbury Park, Simi Valley and Ventura housing markets. NEWBURY PARK: This remodeled two-story house in an equestrian area is prime for outdoor entertaining, with expansive decking and a swimming pool. Address: 571 Citation Way, Newbury Park, 91320...

  • Massive mixed-use project would extend downtown L.A. building boom

    Massive mixed-use project would extend downtown L.A. building boom

    The commercial building boom in downtown Los Angeles in recent years mostly has been north of the 10 Freeway. But to the south, “for too long, the area has been overlooked” by developers, L.A. City Councilman Curren Price, whose district includes that section of South-Central Los Angeles, remarked...

  • San Diego County rents hit record high

    San Diego County rents hit record high

    Average rent in San Diego County hit a record high of $1,875 last month, continuing more than six years of rising rents in a tight housing market. Rent has increased 7.59 percent in a year, said MarketPointe Realty Advisors, which has tracked the San Diego market since 1988. While that is down...

  • Wells Fargo to refund fees charged for mortgage delays that were primarily its own fault

    Wells Fargo to refund fees charged for mortgage delays that were primarily its own fault

    Wells Fargo & Co. said Wednesday that it will refund a swath of fees it assessed to mortgage borrowers whose delays in completing their loan applications were primarily the bank’s fault. As it looks to win back trust after a scandal over its sales practices, the San Francisco bank said it will...

  • Hot Property: Fall is in the air

    Hot Property: Fall is in the air

    Autumn may not be the busiest time of the year for home sales, but there’s still plenty of transaction action among the rich and famous. This week’s collection brings you entertainment show hosts, pro athletes and a drummer whose very association with a place makes it a red-hot spot. Once you’re...

  • Dying shopping malls can make room for new condos and apartments, helping ease the housing crisis

    Dying shopping malls can make room for new condos and apartments, helping ease the housing crisis

    In the San Fernando Valley, there are plans to level a nearly vacant mall and replace it with some 1,400 homes, boutique retail shops and a concert venue. In Orange County, an aging mall will give way to a mixed-use development with more than 900 homes. And in the South Bay, hundreds of homes are...

  • Los Angeles ranks No. 5 nationally in return on investment for long-term homeowners

    Los Angeles ranks No. 5 nationally in return on investment for long-term homeowners

    Los Angeles homeowners who sold last year after holding on to their homes for a long period of time saw sizable returns on their investments. The typical Los Angeles home seller made $200,000 on the sale of a home in 2016 after owning it for a median period of nine years and eight months, according...

  • Former hospitals find new life as apartments and condos

    Former hospitals find new life as apartments and condos

    When Juana Monroy moved into Hollenbeck Terrace in the Boyle Heights neighborhood of Los Angeles in 2015, she learned that the white, towering senior apartment building was once a busy hospital that had appeared in dozens of movies and television shows. Then she heard the rumors that the old Linda...

  • Neighborhood Spotlight: Pacoima's lackluster is hiding some bargains

    Neighborhood Spotlight: Pacoima's lackluster is hiding some bargains

    Like most communities in the San Fernando Valley, Pacoima’s roots are in agriculture. At the end of the mission era, when Mexico took control of what had been Spanish land holdings, the land on which Pacoima would be founded became part of the accurately, if not quite melodiously, named Rancho...

  • Mid-year housing report: Fewer home listings, new price peaks

    Mid-year housing report: Fewer home listings, new price peaks

    Home prices in San Diego County hit new price peaks in the first half of 2017, surpassing numbers seen during the housing boom. The median home price reached $545,000 in June, the highest in the region’s history, and marked the culmination of increases in the first six months of the year. Most...

  • Malls heading toward food, services and AI

    Malls heading toward food, services and AI

    Imagine shopping in the future: Stores are showrooms and your purchases are delivered to your home. Malls are places where you work out and then eat, go to your office and live around the corner. An autonomous car takes you to and from other shopping centers and parking lots are repurposed for...

  • Here's why closing the sale of a condo has suddenly become harder for an association

    Here's why closing the sale of a condo has suddenly become harder for an association

    Question: I’ve been the treasurer of our 30-unit self-managed condominium association for more than 20 years and until recently the handling of buyer and refinance escrows and other paperwork for property transactions was a breeze. This year, though, mortgage lenders started asking for a fidelity...

  • Cindy Crawford adds a stylish Beverly Hills flip to her home wardrobe

    Cindy Crawford adds a stylish Beverly Hills flip to her home wardrobe

    Cindy Crawford has gone shopping on the Westside. The supermodel and her husband, businessman Rande Gerber, have bought a Beverly Hills home from OneRepublic frontman Ryan Tedder and his wife, Genevieve, for $11.625 million. Tedder and his wife worked with Alvarez Morris Architectural Studio to...

  • Design rentals around party spaces, says architect-developer

    Design rentals around party spaces, says architect-developer

    To attract young renters to his projects, architect-developer Mike Burnett believes in designing around parties. “Always design for the party — this is very important in a site plan,” Burnett, 40, told San Diego apartment owners and managers last week. “How are you going to get drunk?” He was being...

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