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L.A. Times - Real Estate News

Homeownership will get more expensive for some Californians under the GOP tax bill

The Republican tax bill that appears headed for President Trump’s desk reduces the ability of home buyers to deduct mortgage interest, which will be a hit to home shoppers in Southern California and the Bay Area, where housing costs are sky-high.

But the interest provision is far more limited in...



At $24.5 million, Angelina Jolie's big splash was Los Feliz's top home sale last year

The scenic hillsides of Los Feliz come from shaky beginnings, but since then, the neighborhood’s allure has grown.

Home buyers love the views of Griffith Park, architects love the challenges presented by the rugged lots and Los Feliz has grown into a hot spot filled with luxury mansions and architectural...



Four $24-million-and-up home sales capped off L.A.'s luxury market in December

A flurry of sales of $24 million or more capped off another year of high-end real estate transactions in Los Angeles County. Among December’s biggest deals was the onetime home of a noted filmmaker, a newly built spec mansion and an ocean-view estate bought by one of TV’s biggest competition judges.

...

These were the five most expensive homes sold in Glendale last year

Home to the second-largest Armenian population in the world, Glendale has come a long way since its 150-acre inception in 1884. Today, its streets are lined with everything from Mediterranean-style homes to Spanish Colonials.

Last year there were 15 single-family home sales of $2 million or more...



U.S. home prices surge, outpacing wage growth

U.S. home prices climbed a robust 6.2% year-over-year, amid strong demand from would-be buyers and a shrinking supply of properties for sale.

Standard & Poor's said Tuesday that for October, its S&P CoreLogic Case-Shiller national home price index stood a solid 6% above its previous 2006 peak....



Commercial property industry is in a 'good place' with latest tax legislation, analyst says

Analyst Spencer Levy has tracked the latest tax legislation through Congress, keeping a watchful eye on its potential impact on people who invest and work in the commercial real estate industry, a multitrillion-dollar driver of the U.S. economy.

Levy took time out from his vacation in Sausalito,...



Sale of Smokey Robinson's former estate was Encino's chart-topper of 2017

Encino – Spanish for “oak” – found its name after Spanish soldier Gaspar de Portola sat his donkey near a 700-year-old oak tree that now sits at the heart of the San Fernando Valley community. Hollywood began using the ranch land for filming locations in the 1920s, and now, tear-downs and new construction...



Purplebricks, flat fee real estate listers, launch in San Diego

A British real estate company Monday launched a flat fee home listing service in San Diego County, charging sellers $3,200 to list a home.

The cost is likely cheaper for most sellers who are used to a 2.5 percent listing fee, so the offer could save sellers hundreds of dollars in commission costs.

...



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