REAL ESTATE

REAL ESTATE NEWS

San Diego's housing crisis, a family problem

The more I learn about our complex society, the more our problems boil down to a basic failing: We don’t love our children enough. No, this column isn’t about cancerous public liabilities, which diminish the future wealth of our kids in large measure to finance comfy lives and cheap health care...

HOT PROPERTY: CELEBRITIES

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NEIGHBORHOOD SPOTLIGHT

MORE REAL ESTATE NEWS

  • Hot Property: Right on schedule

    Hot Property: Right on schedule

    The traditionally hot summer months for housing market activity are living up to their reputation already. Homes in all price ranges are selling quickly, drawing multiple bidders and sometimes going for above their asking prices. This week we look at actors, athletes and others of note who have...

  • How to ditch vibe-crushers that could give potential buyers the creeps

    How to ditch vibe-crushers that could give potential buyers the creeps

    Whether it’s an off-putting odor, kitschy decor or questionable artwork, a good real estate agent knows how to disappear such sale-killers for potential buyers without offending the home seller. If professional staging isn’t an option, real estate agents are left to tell clients, delicately, how...

  • What $700,000 buys right now in Encino, Tarzana and Woodland Hills

    What $700,000 buys right now in Encino, Tarzana and Woodland Hills

    Here’s a look at what about $700,000 buys in three San Fernando Valley housing markets. ENCINO: This three-bedroom home, built in 1949 and since updated, features hardwood floors, a step-down family room and a kitchen that opens to the backyard. Address: 5930 Jellico Ave., Encino, 91316 Listed...

  • Hot Property: Bringing the heat to the real estate beat

    Hot Property: Bringing the heat to the real estate beat

    The spring homebuying season may be well in the rearview mirror, but things are heating up in Los Angeles’ hotbed of luxury real estate. In recent days, we saw one box office star score an above-asking sale and a member of sitcom royalty offer up his perch in the Bird Streets. Once you’re done...

  • Two Democrats call for scrutiny of possible conflicts of interest in Trump team's OneWest Bank inquiries

    Two Democrats call for scrutiny of possible conflicts of interest in Trump team's OneWest Bank inquiries

    Two House Democrats want Congress to look into possible conflicts of interest in the Trump administration’s handling of investigations into Pasadena’s OneWest Bank — a bank formerly headed by now-Treasury Secretary Steven T. Mnuchin. Reps. Maxine Waters (D-Los Angeles) and Al Green (D-Texas) said...

  • Record-setting deals in Manhattan Beach and Malibu headline L.A.'s top sales in May

    Record-setting deals in Manhattan Beach and Malibu headline L.A.'s top sales in May

    In the month of May, the most expensive homes sold in Los Angeles County included record-setting deals on the Westside and South Bay. Here’s a larger look: $85 million — Malibu Music and movie mogul David Geffen sold his oceanfront compound on Pacific Coast Highway for an area-record $85 million....

  • San Diego company offers mortgage with 1% down

    San Diego company offers mortgage with 1% down

    Many San Diegans would like to own a home in the region they work in, but they often struggle with the large down payment. Buyers are typically expected to put 20 percent down on a new home, about $105,000 based on the county’s median home price. Gearing up for a new generation of buyers, San Diego-based...

  • The Internet is mauling America's malls. Is your favorite retailer closing its doors?

    The Internet is mauling America's malls. Is your favorite retailer closing its doors?

    Longtime Eagle Rock resident Allenby Arakielian remembers when the little mall on Colorado Boulevard was the neighborhood hot spot for shopping and dining. Anchored by Montgomery Ward and May Co. stores when it opened in 1973, the 58-store Eagle Rock Plaza was so popular that old-timers complained...

  • Why a reverse mortgage might be a good idea for some older homeowners

    Why a reverse mortgage might be a good idea for some older homeowners

    Dear Liz: I recently retired to a small house I bought 30 years ago. I refinanced four times to get the rate down from 11% to 3.5%. This provided me with a low monthly mortgage (just under $450), but my current 30-year loan won't be paid off until I'm 92. I'll be 67 in two months, and just received...

  • Redfin tries out 1% home listing fee in San Diego

    Redfin tries out 1% home listing fee in San Diego

    Real estate website and brokerage Redfin has launched a 1 percent listing fee in San Diego that could save home sellers hundreds of dollars in commission costs. It’s not the first time the website has rolled out the feature — or the only city — but this is its first time in California. It previously...

  • House votes along party lines to repeal key Dodd-Frank financial reforms

    House votes along party lines to repeal key Dodd-Frank financial reforms

    The House voted along party lines Thursday to repeal many of the stricter regulations enacted after the 2008 financial crisis, taking the first step in a long-held Republican desire to roll back landmark rules they complain are hurting banks, restricting consumer credit and slowing economic growth....

  • Pacific Beach landlord to keep rent low, even after sale

    Pacific Beach landlord to keep rent low, even after sale

    It was in the 1970s when the congregation of Christ Lutheran Church began to shrink — and it wasn’t because of a lack of faith. Rent prices were driving out the church’s oldest members who lived on fixed incomes. So, church leadership decided to build an apartment building for seniors that would...

  • Former CEO of OneWest Bank is Trump's pick for key financial regulatory post

    Former CEO of OneWest Bank is Trump's pick for key financial regulatory post

    President Trump on Tuesday nominated Joseph Otting, the former chief executive of Pasadena’s OneWest Bank and an ally of Treasury Secretary Steven Mnuchin, to a key financial regulatory position. The move drew fire from consumer advocates and Democrats, who pointed out that Otting would be in a...

  • Angelina Jolie buys the Cecil B. DeMille estate in Los Feliz

    Angelina Jolie buys the Cecil B. DeMille estate in Los Feliz

    Actress and humanitarian Angelina Jolie has closed sale on the Cecil B. DeMille estate, a Los Feliz mansion once owned by the early filmmaker, according to real estate sources not authorized to comment on the deal. The sale price was $24.5 million. Found behind gates in the Laughlin Park area,...

  • Kushner tapped program meant for job-starved areas to build a luxury skyscraper

    Kushner tapped program meant for job-starved areas to build a luxury skyscraper

    Jared Kushner and his real estate partners wanted to take advantage of a federal program in 2015 that would save them millions of dollars as they built an opulent, 50-story residential tower in Jersey City, N.J.'s booming waterfront district, just across the Hudson River from Lower Manhattan. There...

  • Home sales are happening on the shortest timeline ever recorded

    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...

  • L.A. County median home price ties record high as housing market sizzles

    L.A. County median home price ties record high as housing market sizzles

    The median home price in Los Angeles County has reached the all-time high set in 2007, a milestone that follows five years of steady recovery but comes amid renewed concerns over housing affordability. Home prices rose nearly 6% in April from a year earlier, hitting the $550,000 level where the...

  • San Diego home price hits all-time high of $525K

    San Diego home price hits all-time high of $525K

    The San Diego County median home price hit $525,000 in April, passing the region’s previous peak reached in 2005, real estate tracker CoreLogic reported Tuesday. High demand and tight supply appear to have pushed the price beyond previous milestones. There were 3,618 homes sold in April — the lowest...

  • U.S. new home sales drop 11.4% in April, the most in two years

    U.S. new home sales drop 11.4% in April, the most in two years

    U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new home sales skidded 11.4% in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected a more...

  • San Diego record: $10.1 million condo for sale

    San Diego record: $10.1 million condo for sale

    A newly built penthouse condo in La Jolla with panoramic views of the Pacific Ocean is on the market for a record $10.12 million. The cost for the 3,255-square feet unit is likely the highest asking price for a condo in San Diego County history, said the Greater San Diego Association of Realtors....

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