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L.A. Times - Real Estate News

California Inc.: Peele brings scares to box office again with ?Us?
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...
Hot Property Newsletter: Rambling and a rumpled raincoat
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...
Legal battle pits Horton Plaza owner against burger joint
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...
Reverse mortgages, America?s most hated home loan, are making a comeback
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...
San Diego home sellers are slashing prices
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...
One Paseo opens for business ? kind of
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...
The buyer wanted the house and the car. The seller countered with the cat.
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...
San Diego County built 9,579 homes in '18. Some say it's not enough
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...
Why your San Diego rent might not go up this year
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...
California Inc.: Finally, the Marvel character in tights is a woman
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...
See January's home and condo sales with this map
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...
Grove builder Rick Caruso reimagines Miramar resort with splashes of seaside splendor
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...
Hot Property: Asking price for $1-billion ?Mountain? comes tumbling down
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...
We?re renovating more than ever. Here are 5 home improvement trends that don?t involve decluttering
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...
San Diego median home price at $542K, sales way down
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...
Southern California home sales plunge in January, prices rise modestly
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...
Stock indexes end slightly lower after wobbly day
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....
Slowest in nation: San Diego home price gains stall
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...
California Inc.: Who needs insurance in the age of self-driving cars?
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...
Hot Property: Harry Styles gives it another go in the Hollywood Hills
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...

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