San Fernando
REAL ESTATE
‘Million Dollar Listing: Los Angeles’ stars warn ‘not just rich people’ affected by city’s ‘mansion tax’
Just because "Million Dollar Listing: Los Angeles" stars Josh and Heather Altman are on television doesn’t mean they aren’t also wrestling with a complicated housing market. "The main difference that most of the viewers are going to recognize is just the fact that we're not in a crazy...
How Much House The Middle Class Can Afford in 10 Thriving Small US Towns
Middle-class Americans have been largely priced out of certain U.S. housing markets in recent years, mainly large coastal cities such as Boston, Los Angeles, Miami, New York, San Francisco, Seattle...
Scrambling CA homeowners consider ‘going without insurance’
Ray Barrios lives in one of many large, single-family homes that line the squiggly, narrow streets of Brentwood. The community is manicured. Planned. Developed. No “wildland urban interface” here. The flammable hills just north of this LA neighborhood that look like typical tinder – open dry grass or trees with dense undergrowth – feel far away.
An Architecturally Significant Modernist ‘Treehouse’ Is up for Grabs in L.A. at $2.4 Million
Back in 2015, when Piper Mavis was seeking a place to live in the Los Angeles neighborhood of Silver Lake, the visual artist ran across a particularly intriguing home cantilevered into a steep hillside. Though it was out of her budget and had an especially precipitous staircase leading up to the living space, she attended an open house anyway and was instantly captivated by the picturesque views overlooking the iconic Hollywood Sign and Griffith Observatory.Grateful Dead Drummer Bill Kreutzmann's Former Home in California Can Be Yours for $4 Million Soon after, Mavis came to find out that the 1960s structure had...
'True Blood' Star Anna Paquin Slices the Price Again on Her L.A.-Area Home—This Time to $7M
It looks like it's once more to market for Anna Paquin. The star of "True Blood" has again slashed the price of her Venice, CA, home, this time down to $7 million. This five-bedroom, eight-bath, rustic-style charmer was previously listed for $14 million in 2020, but the price tag was discounted to $8 million in January of this year.
Mansion tax stirs concerns in LA’s property market
Real estate connoisseurs, Josh and Heather Altman, have voiced concerns over Los Angeles’ newly implemented “mansion tax” and how it influences the property market. They suggest the tax could discourage substantial property venture, eventually leading to lower property values, disrupting the real estate market. Property sales have...
Beverly Hills illegally rejected plan to build 165 new homes, C.A.R. says
Californians for Homeownership, a nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) that aims to address California’s housing crisis through impact litigation, today announced that it has filed a lawsuit against the city of Beverly Hills over its denial of an application to build a 165-unit mixed-use development in the city’s urban core. The lawsuit is the group’s second filed against Beverly Hills, after a Los Angeles County Superior Court judge ruled in its favor in another housing lawsuit late last year.
The Growing Trend of Mini Apartments in Los Angeles’ Housing Market
The architecture and housing industries in Los Angeles are changing rapidly as more people move to the city and housing prices rise. One major trend is the move towards smaller living spaces, known as mini apartments. This trend is growing as people look for more affordable and practical housing without...
Construction Starts on Affordable Housing Project in Altadena
New development aims to address growing need for affordable and special needs housing in LA County. Nonprofit housing organization EAH Housing has begun construction on Agave, a 58-unit affordable housing development in Altadena. The project, in partnership with Union Station Homeless Services, is aimed at providing permanent supportive housing for formerly unhoused individuals.
Navigating Real Estate Investment In Uncertain Times
Understanding Market Volatility Market volatility in real estate refers to the fluctuations in property values and market conditions that can occur due to various economic, political, or environmental factors. Like the ocean’s tides, real estate markets don’t remain static; they ebb and flow, influenced by interest rates, economic growth, and consumer confidence. Recognizing the signs ...
Pasadena Leaps into Top 10 Most Competitive US Rental Markets
While it may not surprise local residents, Eastern Los Angeles, a real estate market area that includes Pasadena, has seen the largest year-over-year jump in rental competitiveness, soaring from 25th place at the start of this rental season to ninth place in the U.S., according to a new report from rentcafe.com.
Newmark Adds Multifamily Powerhouse in Century City
Dean Zander has joined Newmark as vice chairman, based in the Century City office. He brings more than three decades of experience in the multifamily sector throughout Southern California, closing transactions valued at more than $11.9 billion across 58,000 units over the course of his career. Zander will work with...
Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%
LOS ANGELES (AP) — The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. The rate rose to 6.95% from 6.86% last week. That’s according to mortgage buyer Freddie Mac on Wednesday. A year ago, the rate averaged 6.81%. The uptick follows a four-week pullback in the average rate, which has mostly hovered around 7% this year. When rates rise they can add hundreds of dollars a month in costs for borrowers. The elevated mortgage rates have been a major drag on home sales, which remain in a slump dating back to 2022.
This $13.1 Million Mansion Is One of the Most Expensive Homes on the Market in Whistler.
David Beckham and Justin Bieber are known to hit the slopes at Whistler Blackcomb, North America’s largest ski resort, but the area’s classic chalet-style housing also makes the Canadian mountain town a skier’s paradise. Last year, a striking mountaintop home by Patkau Architects landed on the market for $12 million in the area, and now, a nearby residence that’s part of the ski-in/ski-out Sunridge Plateau neighborhood has come up for grabs as one of Whistler’s most expensive homes on the market.A Prominent Restaurant Family's Longtime Beverly Hills Home Hits the Market for $5.6 Million The three-story mansion at 3824 Sunridge Drive is currently the third-highest-priced...
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