Source: Los Angeles Times Real Estate News
Homebuyers faced surging prices and a shrinking number of properties for sale in June — causing the pace of sales to fall. Sales of existing homes slipped 1.8% last month to a seasonally adjusted annual rate of 5.52 million, the National Assn. of Realtors said Monday. The decline speaks to [...]
Mon, Jul 24, 2017 3:35:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The more I learn about our complex society, the more our problems boil down to a basic failing: We don’t love our children enough. No, this column isn’t about cancerous public liabilities, which diminish the future wealth of our kids in large measure to finance comfy lives and cheap health [...]
Fri, Jul 21, 2017 10:10:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Do we really need another Zillow Zestimate-style online gizmo to tell us what a computer model says our homes are worth? Probably not. There already are scads of real estate and mortgage websites that offer some type of automated home valuation feature, such as Redfin, Realtor.com, Chase Mortgage,... [...]
Fri, Jul 21, 2017 12:35:00 AM, Continue reading at the source
Source: Los Angeles Times Real Estate News
They call economics the “dismal science,” and a recent midyear forecast provides a good example. “We’re experiencing an economy that remains in expansion mode but that has some fairly serious workforce and housing imbalances which are a drag on California’s long term economic growth and health,”... [...]
Sun, Jul 16, 2017 1:00:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The sale of Jared Leto’s Cahuenga Pass home has ended on a high note. The Oscar-winning actor and musician last month sold the property for $2.05 million, or $51,000 over the asking price. Built in 1955, the midcentury spread was previously owned by producer-director Michael McQuarn. Jimmy Durante,... [...]
Sat, Jul 15, 2017 1:00:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The Tom Jones home sale tour has officially come to an end. The singer-entertainer last month sold his Mediterranean-style villa and an adjacent lot in guard-gated Mulholland Estates for a combined $11.28 million, according to records obtained by The Times. Built in 1996, the five-bedroom, seven-bathroom... [...]
Fri, Jul 14, 2017 6:05:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Real estate website and brokerage Redfin has launched a 1% listing fee for the first time in California, which could save home sellers hundreds of dollars in commission costs. The reduced listing fee rolled out in San Diego in the spring. Redin has tested a 1% listing fee in other [...]
Fri, Jul 14, 2017 1:30:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
With housing inventories at a historic low, real estate leaders are proposing to amend Proposition 13 to give homeowners a tax break when they sell and thus generate more supply and reduce pressure on prices. The change would apply to the 1978 tax-reduction measure and appear on the November 2018... [...]
Thu, Jul 13, 2017 10:50:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The sale of a storied Los Feliz estate and a $50-million exchange in sunny Malibu were among L.A. County’s priciest real estate transactions in June. $50 million — Malibu The Crummer Estate, an undeveloped, 24-acre property on Pacific Coast Highway, sold in Malibu’s third priciest deal of the year... [...]
Thu, Jul 13, 2017 1:30:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Dear Liz: I’ve have been following your responses related to the tax exemption on home sales. I understand that up to $250,000 per person of home sale profit is exempt from capital gains taxes and that married couples are entitled to exempt up to $500,000. My spouse and her two [...]
Sun, Jul 09, 2017 10:00:00 AM, Continue reading at the source

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