Posts filtered by tags: Housing[x]


 

2 things that derail most sale-leasebacks

You’ve opted to own the location from which your company operates. A great move by the way! A limited liability company was formed and owns the building. Presumably, the LLC’s members are similar to that of the occupants. You struck an agreement with the resident – your enterprise – to pay the LLC an amount of money each month for the use of the address. In effect, you’re paying yourself. It’s a beautiful thing! Tax benefits are afforded for the owners of an LLC, such as depreciation of the asse...
Tags: Business, Real Estate, News, California, Housing, Sport, Soccer, Commercial Real Estate, Allen, LLC, Bren, Irvine Co, Lee Associates Commercial Real Estate Services, Lee Associates Orange, Taft Lee LLC


Studio City home of late sci-fi author Jerry Pournelle seeks $1.8 million

Author Jerry Pournelle’s desk in the office. (Photo by Victor Currie of Douglas Elliman) The reception area. (Photo by Victor Currie of Douglas Elliman) The living room. French doors open to what was the music room. (Photo by Victor Currie of Douglas Elliman) The breakfast nook off the kitchen. (Photo by Victor Currie of Douglas Elliman) The kitchen. (Photo by Victor Currie of Douglas Elliman) The bathtub in the primary bathroom. (Photo by Victor Currie of Douglas Elliman) The exter...
Tags: Business, News, California, Housing, Sport, Soccer, Smithsonian, Larry Niven, Yellowstone, Ryan Bingham, Douglas Elliman, Hidden Hills, Jerry Pournelle, Alex He, Pournelle, Top Stories LADN


$100M gift from Irvine Co.’s Bren powers Caltech space electricity idea

A solar panel in a lab of the Space Solar Power Project at Caltech. Donald Bren donated $100 million to this project. (Courtesy: Caltech) Sketch of solar array from the Space Solar Power Project at Caltech. Donald Bren donated $100 million to this project. (Courtesy: Caltech) A look at how thin the solar panels are for Caltech’s Solar Space Power Project. Donald Bren has given $100 million-plus to fund Caltech’s research. (Courtesy: Caltech) Microscopic closeup of technology used in Calte...
Tags: Amazon, Energy, Business, Real Estate, Science, News, Education, California, Housing, Environment, Sport, Soccer, Richard Branson, Silicon Valley, Pasadena, Local News


How Donald Bren’s $100 million gift powers Caltech space electricity idea

A solar panel in a lab of the Space Solar Power Project at Caltech. Donald Bren donated $100 million to this project. (Courtesy: Caltech) Sketch of solar array from the Space Solar Power Project at Caltech. Donald Bren donated $100 million to this project. (Courtesy: Caltech) Microscopic closeup of technology used in Caltech’s Solar Space Power Project. Donald Bren has given $100 million-plus to fund the research. (Courtesy: Caltech) A look at how thin the solar panels are for Caltech’s S...
Tags: Amazon, Energy, Business, Real Estate, Science, News, Education, California, Housing, Environment, Sport, Soccer, Richard Branson, Silicon Valley, Pasadena, Local News


Residents, nonprofit and South Pasadena all wrangle to buy Caltrans property

Current tenants, affordable housing advocates and developers are vying for ownership of a Caltrans-owned building in South Pasadena. The property, a 12-unit multifamily building at 626 Prospect Ave., is one of approximately 200 properties acquired by the agency during the 1950s, ’60s and ’70s to make way for a 6.3-mile extension of the 710 freeway through Pasadena, South Pasadena, and El Sereno. After 60 years of activism fighting the freeway, the Los Angeles County Metropolitan Transportation A...
Tags: Housing, Government, Sport, Soccer, CalTrans, Jackson, Pasadena, Local News, Smith, Sam Burgess, Affordable Housing, Los Angeles Superior Court, Prospect Avenue, Housing Authority, Burgess, Baeza


HOA Homefront: Why can’t I keep my clothesline?

Q: I am a veteran trying to get a VA refinance, but the VA wants an HOA for our house. We live on a two-on-a-lot, with another separate home behind us. The city calls our place a condominium even though we are not attached. The VA says we need an HOA with all the documentation just for two units. We had an HOA when we purchased (about 30 years ago) but walked away from it and have had handshake deals with our neighbors only for lawn care. Everything has been by mutual agreement. No meetings, no ...
Tags: Business, Real Estate, News, California, Housing, Sport, Soccer, Va, San Diego, Redondo Beach, HOAs, HOA Homefront, Davis Stirling, Kelly G Richardson, Partner of Richardson Ober DeNichilo LLP, HOA Architectural Committee


15-year fixed mortgages drop to record low of 2.1%

Where is the bottom? This week the Freddie Mac primary market mortgage survey shows the 15-year fixed hitting a record-low of 2.1% with a 0.7-point cost. One year ago, during Wave 1 of the COVID-19 triggered refinance mania, the 15-year was 41 basis points higher at 2.51%. The 15-year fixed is currently available at a 1.75% interest rate in California if you are willing to pay some points. Because mortgage sizes are much larger in California, mortgage pricing is always better than Freddie’s nati...
Tags: Business, Real Estate, News, California, Housing, America, Sport, Soccer, Delta, New Homes, Fed, San Bernardino, Freddie Mac, FHA, Freddie, Fannie


New Prop. 19 property tax measure can save you money

Most California homeowners probably have heard about Proposition 19, the new property tax law that allows seniors and disabled homeowners to keep their current property tax rate when they sell their home and buy a new one. But they may not know how to apply this new law when moving to a new home. It’s the state’s largest expansion of property tax benefits in decades, basically allowing qualified homeowners to take their Prop. 13 tax base with them anywhere in the state, no matter the price of th...
Tags: Business, Real Estate, News, California, Housing, Sport, Soccer, New Homes, Southern California, Los Angeles County, San Bernardino County, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun


US states brace for ‘avalanche’ of evictions as federal moratorium ends

Housing advocates are concerned that delays in rental assistance mean tenants will suddenly owe months of paymentsFor months, Denise Forcer would get stressed just by opening her closet. The crush of belongings stuffed inside reminded her she didn’t know where she would go or what she would do if her landlord followed through with the eviction notices they kept posting on the door of her south Florida apartment.“I thought I was going to have a breakdown, I really did,” Forcer, 51, told the Guard...
Tags: Florida, Housing, US, Society, World news, US news, Homelessness, US politics, Washington State, Coronavirus, Denise Forcer, Forcer


California’s housing market to cool in second half of year, Realtor economists predict

Four consecutive months of statewide home-price records may be at an end as the California housing market shows signs of cooling. But the median house price for 2021 still will be up nearly 21% and sales will show an 8% jump over 2020 levels, thanks to the white-hot home-buying frenzy during the six months just concluded, California Association of Realtors economists said Wednesday, July 28, during their first mid-year housing forecast. By year’s end, the 2021 median price of an existing single-...
Tags: Business, Real Estate, News, California, Housing, Sport, Soccer, San Francisco Bay, Southern California, Levine, Wei, California Association Of Realtors, Housing Data, Jordan Levine, Top Stories LADN, Top Stories OCR


California ranked as No. 3 state for innovation, surveys say

”Survey says” looks at various rankings and scorecards judging geographic locations, noting these grades are best seen as a mix of art and data. Buzz: California ranks No. 3 for innovation when you ponder national scorecards for cutting-edge business activity. Source: My trusty spreadsheet compiled its own index at the state level using four recent “most innovative” rankings plus longer-term growth in patent filings by state. Topline My tally was relatively simple math — a ranking based on eac...
Tags: Amazon, Utah, Business, Florida, Hollywood, Texas, Technology, News, Minnesota, Mississippi, Maryland, Microsoft, Colorado, California, Housing, Washington


Burned by bidding wars, some buyers back off

The first house was in Midvale, Utah — a three-bedroom, just over 2,100 square feet, listed for $479,000. Rob Ettaro and his girlfriend, Kaliana Veros, who had moved from western New York to Salt Lake City, drawn by career opportunities and the stunning scenery of the Wasatch Range, decided to make an offer. This was back in the wintertime, when the young couple had a modest wish list that included room for family to visit. Their hearts still raced at the idea of being homeowners. Ettaro and Ver...
Tags: Business, Real Estate, New York, News, California, Housing, La, New York City, Sport, Austin, Soccer, House, Salt Lake City, Smith, Redfin, Affordable Housing


Bubble watch: Builders can’t satisfy Southern California’s homebuying binge

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: Southern California building permits tumbled this spring, signaling builders won’t be cooling the region’s overheated homebuying market anytime soon. Source: My trusty spreadsheet’s analysis of quarterly building permit data compiled by the St. Louis Fed. The trend In the four-county region, 5,390 permits were pulled in the second quarter to build single-family houses, the key ownership optio...
Tags: Business, Real Estate, News, California, Housing, Los Angeles, Sport, Development, Soccer, Southern California, San Bernardino, Riverside, St Louis Fed, Southern California News Group, Top Stories LADN, Top Stories OCR


Too much? Home prices up 17% in US, LA-Orange County, by this math

Have home prices gone up too much? The S&P CoreLogic Case-Shiller indexes released Tuesday, July 27, reaffirm that housing appreciation is sky-high. Its 20-city U.S. price index soared 17% in May from a year earlier on top of a 15% jump in April. The May increase was the biggest since August 2004. These benchmarks — “paired sales” indexes created by tracking appreciation of homes sold, not broad geographic medians or averages —  found the nation’s hottest market among the 20 cities tracked was P...
Tags: Business, News, Housing, Los Angeles, Sport, Soccer, San Diego, Associated Press, Federal Reserve, Seattle, Zillow, Phoenix, Bloomberg News, Freddie Mac, Commerce Department, Shiller


Topanga home of ‘Yellowstone’ star Ryan Bingham aims for $2.4 million

The kitchen. (Courtesy of Fariba Tiffany of Sotheby’s International Realty) The dining area. (Courtesy of Fariba Tiffany of Sotheby’s International Realty) The living room. (Courtesy of Fariba Tiffany of Sotheby’s International Realty) Inside the guest house. (Courtesy of Fariba Tiffany of Sotheby’s International Realty) The guest house bedroom. (Courtesy of Fariba Tiffany of Sotheby’s International Realty) Show Caption of Expand A hillside Topanga home owned by alt-cou...
Tags: Business, News, California, Housing, Sport, Soccer, Joe Jonas, Yellowstone, Kevin Costner, Sotheby s International Realty, T Bone Burnett, Bingham, Sotheby, Ryan Bingham, Hidden Hills, Sophie Turner


Why are key California affordable housing bills bottled up?

Encouraging housing to be built in place of abandoned big box stores and strip malls. Making it easier to build student housing near community colleges. Establishing an authority in Los Angeles to finance affordable housing. These proposals all promise to ease California’s ever-worsening housing crisis by adding or preserving the already-scarce supply. But these bills also appear to be dead in the water. They missed a key July 14 deadline to be heard in a policy committee in the state Assembly b...
Tags: Business, News, California, Housing, La, Senate, Politico, Sacramento, Los Angeles, Sport, Soccer, San Diego, Atkins, UC Davis, Orange County, Los Angeles Times


Why ‘unprecedented spike’ in evictions is expected as federal moratorium expires

By Noah Buhayar | Bloomberg A federal ban on evictions is set to expire at the end of July, and this time it’s unlikely to be extended, putting millions of renters at risk. The moratorium has been in place through much of the pandemic, but it’s part of a wave of emergency programs ending even as the Delta variant fuels rising COVID-19 cases in the U.S. While some states, including California and New York, have their own eviction bans, the expiration of the Centers for Disease Control and Prevent...
Tags: Business, Real Estate, New York, News, Congress, California, Cdc, Housing, New York City, Bloomberg, Sport, Soccer, Rent, Centers For Disease Control And Prevention, New York University, Affordable Housing


U.S. new-home sales unexpectedly fall to lowest since April 2020

By Olivia Rockeman | Bloomberg Sales of new U.S. homes dropped unexpectedly in June to the lowest since April 2020, showing a further weakening in demand against a backdrop of elevated prices and tight supply. Purchases of new single-family homes fell 6.6% to a 676,000 annualized pace following a downwardly revised 724,000 in May, government data showed Monday. The median estimate in a Bloomberg survey of economists called for a 796,000 rate. Surging construction costs for everything from labor ...
Tags: Business, Real Estate, News, California, Housing, Bloomberg, Sport, Soccer, New Homes, Biden, Commerce Department


COVID deaths soar when eviction moratoriums end, UCLA study finds

LOS ANGELES — COVID-19 death rates increased significantly when states lifted eviction moratoriums that were put in place to protect renters who could not make payments during the pandemic, according to a UCLA-led study released Monday. According to the study, published in the American Journal of Epidemiology, the number of deaths attributed to COVID-19 was five times higher in the four months after eviction moratoriums expired, and the number of COVID-19 cases doubled. “Evictions may have accel...
Tags: Business, News, Cdc, Housing, Washington, California News, Los Angeles, Sport, Soccer, United States, Ucla, Johns Hopkins Bloomberg School of Public Health, U S Centers for Disease Control and Prevention, LA County, Thurmond, Top Stories LADN


Chasten Buttigieg says he and Pete couldn't afford more than a 1-bedroom apartment in DC

Pete Buttigieg, right, nominee to be Transportation secretary, and his husband Chasten, attend the inauguration before Joe Biden was sworn in as the 46th President of the United States on the West Front of the U.S. Capitol on Wednesday, January 20, 2021. Tom Williams/CQ-Roll Call, Inc via Getty Images Chasten Buttigieg told The Washington Post that DC is "almost unaffordable." "We couldn't afford the one-bedroom-plus-den," Chasten told The Post. Chasten moved to the city with his hu...
Tags: Transportation, Post, Politics, News, Housing, Washington, White House, Trends, Joe Biden, Getty Images, United States, Washington Dc, Capitol Hill, Dc, Zillow, The Washington Post


Bubble watch: Where’s homebuying hottest in California?

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: There’s lots of heated house hunting going on in rural, more affordable parts of California. But it’s not a universal trend. Source: I filled my trusty spreadsheet with California Association of Realtors data on June’s closed transactions of existing, single-family houses, making an educated guess at where the state’s homebuying was hottest. The Trend There’s no easy answer to where it’s hott...
Tags: Business, Real Estate, News, California, Housing, Oregon, California News, Sport, Soccer, Sacramento County, Orange County, Riverside County, San Diego County, Pacific, Sutter County, Homebuying


3 more ways you can avoid rent increases

If you read my column last week, you learned two key ways to avoid a rental rate increase — know your owner and understand the value of your tenancy. If the bottom of your birdcage lands the Real Estate section before you read it, here’s a brief recap. Industrial lease rates have increased a whopping 134% over the past 10 years. Recall, our market for manufacturing and logistics space was awakening from the ether of the 2008-2010 financial reset – err, meltdown and there were bargains galore. No...
Tags: Business, Real Estate, News, Housing, Sport, Soccer, Arizona, Nevada, Commercial Real Estate, Los Angeles County, Allen, Lee Associates Commercial Real Estate Services


Plans to change incentives for rooftop solar draw backlash

With the state considering sweeping reductions in rooftop solar incentives for new users, advocates of the current program are warning the move would undercut the state’s drive to 100% clean energy and compromise other benefits of the homeowner panels. But proponents of the changes — which include private electric companies as well as a prominent environmental group — argue that the incentives are unfairly paid for by non-solar customers, who often have lower incomes than those who buy solar uni...
Tags: Business, News, California, Housing, Environment, California News, Sport, Soccer, Local News, UC Berkeley, Ula, State, Edison, Pacific Gas Electric, Natural Resources Defense Council, California Public Utilities Commission


More help coming to stem foreclosures

By Nancy Cook | Bloomberg The White House on Friday announced plans to expand aid for mortgage borrowers who have fallen behind on payments during the coronavirus pandemic. Enhanced assistance will be provided to homeowners with government-backed mortgages who have been negatively impacted by the pandemic, with the aim cutting some monthly payments by roughly 25%, according to a White House fact sheet. The move is designed to more closely align options for mortgages backed by the Department of H...
Tags: Business, Real Estate, News, Housing, White House, Sport, Joe Biden, Soccer, Biden, Fannie Mae, Foreclosures, Nancy Cook, Bloomberg the White House, Coronavirus Economy, Veterans ' Affairs Department, Freddie Mac the White House


HOA Homefront: How to embrace hybrid meetings in your community

Before the pandemic changed our world in early 2020, who knew about WebEx, Zoom, or RingCentral, or the many other virtual meeting platforms used since that time to allow HOA members to “attend” board or even membership meetings? In what seems like one short year, HOAs large and small have found the virtual meeting to be the way to comply with county or state health orders while still complying with most of the Open Meeting Act. As the pandemic eases in California and elsewhere in the country, r...
Tags: Business, Real Estate, News, California, Housing, Sport, Soccer, HOAs, Kelly G Richardson, Partner of Richardson Ober DeNichilo LLP


California cities rank low on this ‘best places’ scorecard

”Survey says” looks at various rankings and scorecards judging geographic locations, noting these grades are best seen as a mix of art and data. Buzz: California cities ranked poorly in one often-discussed livability scorecard. Source: U.S. News & World Report’s annual “best places to live” rankings combine measurements of the 150 largest metropolitan areas for jobs, value, quality of life, popularity and migration trends. Topline My trusty spreadsheet tells me the 14 California metros graded ...
Tags: Business, Florida, Texas, News, California, Housing, California News, Fresno, Sacramento, Los Angeles, San Francisco, Sport, Soccer, Stockton, San Diego, Modesto


Will lenders refund fees paid for a market downturn that never materialized? 

Chino Hills resident Rick Serpa paid an extra $2,000 when he refinanced his mortgage last April to help cover costs for a pandemic-induced market downturn. But the downturn never materialized. Now Serpa is wondering how to apply for his refund. “I am generally one to ignore the idiocy of the world we have been in for the past couple of years. I’m making an exception for this one,” Serpa wrote in an email. “Since the adversity never arrived, the money collected under the program wasn’t spent by F...
Tags: Business, Real Estate, News, Housing, Sport, Soccer, Mortgage, Thompson, Freddie Mac, FHA, Chino Hills, Freddie, FHFA, Fannie Mae, Federal Housing Finance Agency, Fannie


Read the telltale signs that can signal a home is right for you

Hed:  Read the telltale signs that can signal a home is right for you Deck: Your inner sense can be as important as your ability to process hard facts about a home’s size, condition, location and price. When you are buying or selling a house, as with all other aspects of life, pay attention to the signs. The “For Sale” signs for sure, but the more subtle and innocuous signs more specifically. If you see something, hear something or feel something that sends you a positive (or negative) vibe duri...
Tags: Business, Real Estate, News, Housing, Kung Fu, Sport, Soccer, Bob, Los Angeles County, LA County, Leslie Sargent Eskildsen, Grasshopper Take, RealtyOne Group West, California Association of Realtors She


12 housing trends inside Los Angeles County’s $148,500 price jump — or $17 an hour

Los Angeles County’s homebuying binge continued in June as price records were broken across the region and in all six Southern California counties. House hunters ignored soaring prices and bidding wars and bought homes at a pace not seen in years. Here are 12 must-watch trends my trusty spreadsheet found within DQNews/CoreLogic’s report on closed transactions in June for Los Angeles County … 1. Sales: 8,555 existing and new residences sold — up 10% from May and up 69% from pandemic-iced June 2...
Tags: Business, Real Estate, News, California, Housing, Sport, Soccer, House, Riverside County, San Diego County, Zillow, Ventura County, Southern California, Los Angeles County, San Bernardino County, LA County


Single-family home rents up 4.5% in Los Angeles, 6.6% nationally

Single-family home rental prices in the U.S. jumped 6.6% in May from a year earlier — and 4.5% in Los Angeles County — according to CoreLogic Inc., signaling that the housing boom may add to inflationary pressures in the economy. The national increase was the fastest since at least 2005, CoreLogic said. Single-family homes, which make up about half of the rental market, have seen a surge in demand during the pandemic as Americans sought to move to less densely populated neighborhoods. U.S. infla...
Tags: Business, News, Housing, Boston, Los Angeles, Sport, Chicago, Soccer, Las Vegas, Phoenix, Los Angeles County, Tucson, Corelogic Inc, CoreLogic, Phoenix Tucson, Top Stories LADN