October 17, 2012 |
Foreclosures started in California have dropped to the lowest level since early 2007, the latest sign that the housing market is rebounding faster than analysts expected. Join us for a live video chat on the state of real estate in California and the nation at 3 p.m. PDT with Times real estate editor Nancy Rivera Brooks and consumer columnist David Lazarus. We invite you to join in on the conversation by posting comments and questions below. LIVE VIDEO DISCUSSION: Join us at 3 p.m. today Notices of default fell 10.2% from the previous quarter and were down 31.2% from the same period last year, San Diego-based DataQuick reported Wednesday.
January 26, 2009
As lawmakers look for a way out of the recession, it's worth remembering how we got into this mess in the first place. The collapse of the housing market sucked trillions of dollars worth of real estate wealth out of the economy, starting a vicious cycle of cutbacks by consumers, lenders and businesses. But the collapse wasn't a one-time event.
January 3, 2010 |
The gig: Syd Leibovitch, 48, is owner and president of Rodeo Realty in Bel-Air, one of the largest independent realty firms in California, with 12 branch offices in Los Angeles and Ventura counties staffed by about 1,000 brokers and agents. The company sold and listed more than $2.5 billion worth of homes in 2009, according to Leibovitch, including a nine-bedroom, $15.9-million Beverly Hills villa that had a parking lot designed to hold up to 100 cars for entertaining. Leibovitch also owns and operates LA Mortgage, Progressive Title and Encore Escrow.
June 4, 2009 |
As a homeowner, I know it's counterproductive to take delight in the real estate misfortunes of my neighbors. But massive price reductions on a house down the street from me have left a lot of us in the neighborhood gloating. A hulking McMonstrosity that's jaw-droppingly out of place among the modest bungalows that surround it, the house was clearly intended by its owner/builder to be a cash cow.
June 10, 2012
Sprawling estate with ocean vistas Location: 6264 Ocean Terrace Drive, Rancho Palos Verdes 90275 Size: Five bedrooms and 51/2 bathrooms in 5,620 square feet Published: April 10, 2011 Listed then at: $3.95 million Sold for: $3.5 million in September An old L.A. feel inside and out Location: 3138 Oakshire Drive, Los Angeles 90068 Size: Four bedrooms and 31/2 bathrooms in...
February 19, 2013
Re "Home seekers edged out in Inland market," Feb. 17 On the one hand, it is truly heartbreaking to read that the efforts of qualified young professionals to buy homes are being thwarted by investors offering all cash, "some backed by Wall Street war chests. " On the other, it is absolutely revolting that greedy investors are so anxious to flip properties and make even more money that they are cheating the next generation of what they themselves are so lucky to enjoy: homeownership.