Real Estate in the News

REAL ESTATE - Los Angeles Times

4/23/2019 12:30:00 AM

Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage-rate spike last year that caused homebuying to slump.

The Commerce Department said Tuesday that new homes sold at a seasonally adjusted annual...

4/20/2019 8:00:00 PM

Dear Liz: I’m 60. Should I take a $50,000 distribution from my 401(k) to pay down my $146,000 parent Plus college loan and then try to refinance the balance with a private lender at a lower interest rate? I have $364,000 in my 401(k). I’m paying 8% interest on the parent Plus loan and planning...

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...