NEWS

L.A. Times - Real Estate News

4/19/2019 3:45:00 AM

U.S. new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower mortgage rates and steady wage gains offer support to consumers.

Residential starts fell 0.3% to a 1.139-million annualized rate after a downwardly...

4/15/2019 5:35:00 AM

If you think home prices are too steep in your neighborhood, divert your eyes from the Beverly Hills Post Office area. Actress turned location scout Ronnie Mellen is asking $25 million for her 1,497-square-foot home.

That’s a cool $16,700 per square foot. For reference, the iconic Playboy Mansion...

4/11/2019 10:00:00 PM

The starter home has long served as the steppingstone into homeownership.

But lately it’s become difficult to tell first-timers from repeat home buyers, according to Zillow.

Both groups have similar preferences when it comes to square footage (2,000) and bedroom count (3), the real estate firm...

4/6/2019 10:00:00 PM

Employees of Warner Music Group Inc. for the last several weeks have been toiling in the same red brick building where men who could have been their great-grandfathers put together shiny black automobiles.

Their new workstations line the route of an assembly line built more than a century ago to...

3/30/2019 8:00:00 PM

Radha Arora, 60, is president of Rosewood Hotels & Resorts, a 10,000-employee luxury hotel chain with 26 properties in 15 countries. A Rosewood venture recently opened in Montecito: a seaside resort built by real estate magnate Rick Caruso, called Rosewood Miramar Beach. Rosewood plans to add 21...

3/27/2019 5:05:00 AM

Southern California home prices barely rose in February from a year earlier, as buyers continue to struggle with the high cost of housing, according to a report out Wednesday.

The six-county region’s median price — the point where half the homes sold for more and half for less — increased just...

3/22/2019 11:00:00 PM

It’s a wrap in the Pacific Palisades, where Dennis Quaid has sold his home for $5.9 million. That’s down about $600,000 from what the actor originally sought last summer.

Built in 1929, the home has stayed in touch with its architectural roots, offering leaded glass windows, an ivy-draped façade...

3/22/2019 1:35:00 AM

Sales of existing homes in the U.S. soared 11.8% in February, aided by accelerating wages and falling mortgage rates that are improving affordability.

The National Assn. of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.51 million last month, a decisively...

3/21/2019 10:30:00 PM

More than one-third of millennial buyers say it’s very important that their new home offer some way of generating income, according to Zillow.

In Los Angeles, millennials are getting more creative as they try to grapple with the area’s high cost of living and squeeze more out of their investments,...

3/21/2019 10:30:00 PM

A cannabis entrepreneur, a former motion picture studio head and a cosmetics executive are among the latest movers and shakers in L.A. County’s residential real estate market. Here’s a look at the priciest residential home sales that closed in February.

$15.5 million — Rolling Hills

Aaron Leon,...

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...