Source: Los Angeles Times Real Estate News
San Diego was one of the least-affordable U.S. metro areas for buying a home in the second quarter, said a recently-released study from mortgage website HSH. Potential buyers needed to make $130,986 a year to afford the median-priced single-family house. Only two other metro areas were less affordable... [...]
Mon, Aug 20, 2018 10:10:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
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... [...]
Sun, Aug 19, 2018 12:00:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
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... [...]
Fri, Aug 17, 2018 1:00:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
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 [...]
Sat, Aug 11, 2018 7:05:00 AM, Continue reading at the source
Source: Los Angeles Times Real Estate News
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 [...]
Tue, Aug 07, 2018 7:10:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
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... [...]
Tue, Aug 07, 2018 11:00:00 AM, Continue reading at the source
Source: Los Angeles Times Real Estate News
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 [...]
Sat, Aug 04, 2018 12:00:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
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... [...]
Sat, Aug 04, 2018 12:20:00 AM, Continue reading at the source
Source: Los Angeles Times Real Estate News
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... [...]
Wed, Aug 01, 2018 9:20:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
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... [...]
Tue, Jul 31, 2018 9:25:00 PM, Continue reading at the source

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