NEWS

L.A. Times - Real Estate News

8/19/2018 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.

On Friday, we learned that California payrolls grew by 46,700 jobs in July as the unemployment...

8/16/2018 11:00:00 PM

A tech entrepreneur’s high-dollar match, a real estate agent’s double-play and a former entertainment executive’s Westside exit were among the priciest real estate deals recorded last month in L.A. County. Here’s a closer look at July’s top sales.

$24 million — Hollywood Hills West

Real estate...

8/10/2018 5:05:00 PM

It may be toasty in your neighborhood, but we’re just approaching the dog days of summer as far as the piping-hot real estate market is concerned. There will be a lot more escrows closing before the month is out. Among recent properties to move into the “sold” column are an actress’ Hidden Hills...

8/7/2018 5:10:00 AM

San Diego home sales recently dropped to their lowest level in years, likely much more to do with affordability constraints than the economy, but it might be a sign of things to come.

In June there were 3,927 home sales in the county, CoreLogic said, which is the lowest in four years. However,...

8/6/2018 9:00:00 PM

Homeowners are sitting on a record amount of equity, but this time they’re stubbornly reluctant to borrow against it.

Strong home price appreciation has handed Americans more than $5.8 trillion of equity they could be tapping and aren’t, more than double the level in 2011, according to data provider...

8/3/2018 10:00:00 PM

One of the endearingly ironic things about the Los Angeles area is that its place names often gesture toward the sylvan past, no matter how incongruous all of the “Gardens,” “Parks” and “Woods” strewn across the basin by real estate developers of yesteryear are to the realities of life in today’s...

8/3/2018 10:20:00 AM

Wells Fargo & Co. foreclosed on 400 homeowners after improperly denying them loan modifications that could have allowed them to stay in their homes, the bank said in a regulatory filing Friday.

From 2010 to 2015, amid the recovery from the housing bust that caused millions of Americans to lose...

8/1/2018 7:20:00 AM

Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. investigation into its creation and sale of loans that contributed to the disaster.

The long-anticipated penalty, announced Wednesday, is in line with what some analysts...

7/31/2018 7:25:00 AM

San Diego County home prices in May increased 7.3 percent in a year, faster than the nationwide average, said the S&P CoreLogic Case-Shiller Indices released Tuesday.

All the regions covered in the 20-city index experienced price increases, with San Diego near the top with the No.6 biggest increase...

7/30/2018 10:00:00 PM

Median home prices by ZIP code, compared with 2016. 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 being below the listed number.

Darker colors...

7/28/2018 11:55:00 AM

Like the rest of the Gateway Cities, Bell Gardens was once part of the vast landholdings of Don Antonio Lugo, who in 1810 received a big swath of ranch land from the king of Spain in recognition of his military service.

The Californio built a sprawling network of adobe buildings to house his extended...

7/27/2018 11:05:00 PM

On a summit above Beverly Hills, a sweeping 157-acre property touted as the city’s finest undeveloped parcel is hitting the market with L.A.’s first-ever 10-figure asking price: $1 billion.

It’s being branded as “The Mountain,” and fittingly so. The undeveloped acreage sits at the highest point...

7/26/2018 4:45:00 AM

Coming off a record-setting 2017, hotel development throughout California so far this year shows no signs of slowing, even as construction costs continue to climb.

There are 182 hotels accounting for nearly 25,000 rooms under construction up and down the state — a 40% increase over the first half...

7/25/2018 1:55:00 AM

Coming off an already record-setting 2017, hotel development throughout California so far this year shows no signs of slowing, even as construction costs continue to climb.

There are currently 182 hotels accounting for more than 25,000 rooms under construction up and down the state — a 40 percent...

7/24/2018 7:55:00 AM

The Southern California median home price reached a new all-time high in June, jumping 7.3% from a year earlier. However sales plunged over the same time period, indicating sky-high housing costs could be burning out many home shoppers.

The six-county median — the point where half the homes sold...