March 26, 2013 |
A leading index of home prices in 20 American cities recorded a sharp 8.1% year-over-year increase in January, underscoring the vigor of the recent housing recovery. It was the biggest increase for the Standard & Poor's/Case-Shiller index in more than six years. All 20 of the cities posted year-over-year gains, with Phoenix posting the largest increase: 23.2%. In California, Los Angeles was up 12.1%, San Diego, 9.8%, and San Francisco, 17.5%. “This marks the highest increase since the housing bubble burst,” said David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices.
March 21, 2013 |
Existing home sales rose to their highest level in more than three years, while prices increased nationwide, yet another indication of a housing recovery that bodes well for the overall economy. The National Assn. of Realtors said sales of existing single-family houses, townhomes, condos and co-ops rose 0.8% in February to a seasonally adjusted annual rate of 4.98 million from an upwardly revised 4.94 million in January. That was 10.2% higher than February 2012 and the highest rate since November 2009 when a national homebuyer tax credit helped propel sales.
March 14, 2013 |
Southern California experienced continued strong growth in home prices and sales last month as buyers shifted toward ritzier abodes in coastal markets. The median price in the six-county Southland rose nearly 21% from February 2012, real estate information provider DataQuick said Wednesday. A total of 15,945 homes and condos sold in February - the highest volume for the month in six years. The percentage of absentee buyers, those buying investment or vacation properties, hit a record high of 31.4%.
March 13, 2013 |
Southern California once again saw strong home price increases last month as the percentage of absentee buyers hit a record high and cash buyers remained a dominant force. The six-county Southland saw the median home price rise nearly 21% over the year, while remaining essentially flat compared with January, real estate information provider DataQuick said Wednesday. A total of 15,945 new and resale homes and condos sold in February - the highest volume for a February in six years.
March 5, 2013 |
Rapper Kanye West has listed his home in Hollywood Hills West for sale at $3.3 million. The Modern-style house features unobstructed city and coastline views, a formal entry, a bar, a breakfast room, a den, a home theater, three bedrooms, four bathrooms and 4,214 square feet of living space. West, 35, is one of the bestselling digital artists of all-time in the U.S. He most recent album, “Cruel Summer” (2012), was made with is own record label, GOOD Music. He and reality TV star Kim Kardashian are expecting a child.
March 1, 2013 |
Actress Patricia Heaton , who stars in "The Middle," and her husband, actor David Hunt , put their home in Hancock Park up for sale at $8.295 million, and in three weeks it was in escrow. The Italianate Mediterranean-style estate was built in 1923. The architect was Pasadena-based Elmer Grey, who designed the Beverly Hills Hotel, the Pasadena Playhouse and the Huntington Art Gallery, among other landmarks. Nearly 8,400 square feet of interior space features Malibu tile, murals, wrought-iron work, a library, a billiard room, seven fireplaces, six bedrooms, five bathrooms, two offices and a guesthouse/screening room.