Current Affairs in Real Estate

REAL ESTATE - Los Angeles Times

3/20/2019 4:50:00 AM

Canada’s housing agency will spend up to $941.1 million over three years to take equity positions in homes bought by first-time buyers, part of a plan by Justin Trudeau’s government to make housing more affordable for the youngest voters.

According to federal budget documents released Tuesday in...

3/17/2019 10:00:00 PM

Welcome to California Inc., the weekly newsletter of the L.A. Times Business section.

I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week, which was marred by a plane crash and mass shooting.

The admissions scandal is getting...

3/15/2019 5:05:00 PM

Our clocks have been adjusted, spring is almost here and the bulk of the winter rains are behind us. What’s also moving ahead besides time? Try the Southern California housing market. Luxury transactions abound, including sales by a veteran actor in Pacific Palisades and by the widow of a cigar-smoking...

3/15/2019 11:10:00 AM

The new owner of Horton Plaza is embroiled in a legal tussle with a small-business owner who exited the downtown shopping center late last year — and millions are at stake.

The parties are real estate investment firm Stockdale Capital Partners and Burgerim franchise owner Irwantio, Inc. They are...

3/13/2019 10:00:00 PM

Professor Chris Mayer has a lesson for ­homeowners: Reverse mortgages, which let older Americans tap their home equity without selling or moving, aren’t as risky as some say. In an online video, he brushes aside “common misconceptions,” including fears about losing your home.

Mayer, a real estate...

3/12/2019 6:45:00 AM

San Diego County had the second-most home price reductions in the nation so far in 2019, said research from real estate website Trulia.

Price reductions are more common in the winter months, but San Diego County hasn’t seen as many cutbacks since 2014 when the market was still crawling out of the...

3/8/2019 8:15:00 AM

One Paseo, San Diego’s most anticipated — or possibly, most dreaded — development, is officially, though just barely, open for business. The full scale and impact of the 23-acre, city within a city won’t be felt for months, if not years, to come.

Saturday, developer Kilroy Realty will remove construction...

3/7/2019 10:00:00 PM

In today’s market, more than 80% of sellers make concessions to close the deal, according to Zillow. The most common concessions include appliances, repairs and price reductions, but can occasionally involve a unique item or circumstance.

Perhaps the most famous concession was attached to the 2016...

3/6/2019 6:55:00 AM

San Diego County built housing at historically low levels in 2018 as the political push for more homes hit a fevered pitch.

There were 9,579 homes built last year, down by one from 9,580 in 2017, said the Real Estate Research Council of Southern California. Apartments made up the majority of building...

3/5/2019 5:00:00 AM

Consider yourself a lottery winner if you didn’t get a rent increase in San Diego the last four years.

The region experienced double-digit percentage rent gains in the years after the recession, often growing at a quicker pace than Los Angeles and San Francisco.

Yet San Diego County rental increases...

3/3/2019 9:00:00 PM

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week.

Investors are still digesting news that the nation’s economic growth declined at the end...

3/3/2019 9:00:00 PM

Median home prices by neighborhood and ZIP code, compared with 2017. The information, compiled by CoreLogic, is derived from official San Diego County records and includes nearly all sales. The median price is the midpoint of home values with half being above and half below the listed number.

If...

3/2/2019 9:00:00 PM

In a quiet garden at the Rosewood Miramar Beach resort in Montecito is a white marble statue of the Buddha, laughing while four small children clamber up his side.

The latter is a clue this is not your typical religious shrine.

The Buddha had only one child, according to texts, but resort owner...

3/1/2019 10:00:00 PM

In Beverly Crest, a prime piece of land branded as the Mountain just got an avalanche of a price cut. After listing for sale last summer at $1 billion, the property is now offered for about one-third less: $650 million.

Real estate experts tout the property as the finest undeveloped parcel in Los...

2/28/2019 9:00:00 PM

Chalk it up to the renovation mania spurred by home-improvement shows: Remodeling remains an unbridled pursuit, and homeowners are spending record amounts. But there may yet be a limit to all those rehabs and retrofits.

A review of that limit, and other renovation trends, comes courtesy of the...

2/27/2019 7:20:00 AM

New home sales in San Diego County fell 20 percent in January from a year earlier, hitting an 11-year low, real estate tracker CoreLogic reported Wednesday.

Sales were down across Southern California with analysts attributing the reduction to wages not keeping up with home prices and fluctuating...

2/27/2019 5:35:00 AM

The sluggish Southern California housing market took another hit in January, with sales plunging 17% from a year earlier, according to a report released Wednesday.

The six-county region’s median price rose only modestly, climbing 2% from January 2018 to $505,000, according to real estate data firm...

2/26/2019 7:10:00 AM

U.S. stock indexes capped a day of wobbly trading with slight losses Tuesday, erasing some of their modest gains from the day before.

The market changed course several times during the day as investors balanced conflicting U.S. economic data and testimony from Federal Reserve Chairman Jerome H....

2/26/2019 5:50:00 AM

Resale home prices in the San Diego metro area increased the slowest in the nation in December, 2.3 percent in a year, said the S&P CoreLogic Case-Shiller Indices released Tuesday.

While prices are still going up, slightly beating inflation, it is a major reversal of fortunes in the 20-city index...

2/24/2019 9:00:00 PM

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week.

Remember Jeffrey Skilling? He’s the former Enron chief executive whose scheming helped...

2/22/2019 10:00:00 PM

Harry Styles of One Direction fame is looking for a break in the Hollywood Hills housing market.

The pop star has put his contemporary-style pad back on the market for the reduced price of $6.995 million. That’s about $1.5 million less than the house first listed for and $12,500 more than Styles...

2/21/2019 10:00:00 PM

The onetime Beverly Hills home of an old Hollywood star, a massive hilltop compound in the South Bay and an art collector’s estate in Bel-Air were among the priciest residential real estate sales in Los Angeles County in January. Here’s a closer look.

$29 million — Bel-Air

On Sarbonne Road, real...

2/21/2019 1:40:00 AM

U.S. home sales fell 1.2% in January to their slowest pace in more than three years as persistent affordability problems put a harsh chill on the real estate market.

The National Assn. of Realtors said Thursday that sales of existing homes declined 1.2% last month to a seasonally adjusted annual...

2/17/2019 9:00:00 PM

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week.

Wall Street closed Friday on a high note amid renewed optimism about a trade deal with...

2/15/2019 10:00:00 PM

Allen Iverson’s former home, which he lost to foreclosure, has traded hands in Georgia for a dirt-cheap $725,000.

Wells Fargo & Co. took ownership of the estate in 2017 after suing the Hall of Famer for failing to make mortgage payments on the property, according to reports. Iverson paid $2.19...