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BUSINESS
November 22, 2009
1510 San Clemente Lane, Corona 92882 Listed for: $479,900 Size: Five bedrooms and three bathrooms in 2,486 square feet Lot size: 6,969 square feet Features: Built in 1990, the Mediterranean two-story has a formal dining room, a fireplace in the family room and a three-car garage . MLS ID: K09120809 8273 Soft Winds Drive, Corona 92883 Listed for: $499,900 Size: Three bedrooms and...
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BUSINESS
November 8, 2009
Historic property Location: 1020 Hillcroft Road, Glendale 91207 Asking price: $1,595,000 Previously sold for: $1 million in 2003 Size: Six bedrooms and six bathrooms in 5,746 square feet Additional features: Sub-Zero refrigerator, two-drawer Fisher & Paykel DishDrawer, wine cooler, Dacor double oven, Sharp microwave drawer, attic storage area Around the neighborhood: Through the...
BUSINESS
January 24, 2010
A queen and her realm Location: 4990 E. 14th St., Long Beach 90804 Size: Three bedrooms and three baths in 2,364 square feet Published: April 12 Asking price: $685,000 Sold for: $680,000 in June High-tech contemporary Location: 32621 Balearic Road, Dana Point 92629 Size: Four bedrooms and five baths in about 4,500 square feet Published: April 19 Asking price: $3,500,000 to...
BUSINESS
January 27, 2010 | By Alejandro Lazo
Home prices inched up in November, a closely watched national index released Tuesday showed, but the monthly increase was so small that it shed little light on whether the U.S. housing market was headed for a full recovery or another dip. The Standard & Poor's/Case-Shiller index of home prices in 20 metropolitan areas increased 0.2% from October on a seasonally adjusted basis, with 14 cities posting gains. Compared with a year earlier, the index was down 5.3% in November, but the year-to-year rate of decline moderated in all 20 cities.
BUSINESS
January 28, 2010 | By Robert Faturechi and Alejandro Lazo
Home builder Ryland Group Inc. posted a fourth-quarter profit Wednesday, exceeding analysts' expectations with a boost from an income tax benefit. The company reported earnings of $39 million, or 88 cents a share, compared with a loss of nearly $60 million, or $1.40, during the same period last year. That improvement comes on the heels of a $97.6-million tax benefit for the quarter. Revenue declined 21% from the same period in 2008 to $418,380. Analysts surveyed by Thomson Reuters projected an adjusted loss of 26 cents a share on revenue of $391 million.
BUSINESS
March 28, 2010 | By Stephen Glassman and Donie Vanitzian
Question: Our condo homeowners association is debating whether to buy new lighting for all the hallways, which would cost just under $200,000, or repair the existing lights at a cost of about $15,000. In each case, should funds come from operating or reserve funds? How is the decision reached as to which path to take? Answer: Operating funds are collected to meet the association's day-to-day operating expenses, including utilities, gardening and routine maintenance such as replacing lightbulbs.
BUSINESS
February 21, 2010
Listing details Location: 3002 Hermosa Ave., Hermosa Beach 90254 Asking price: $4.6 million Site previously sold for: $2.8 million in 2008 Size: Four bedrooms, three bathrooms and two half-baths in 3,600 square feet Additional features: Thermador appliances, parking for six vehicles, radiant floor heating, custom sound system Around the neighborhood: In 2009, 96 single-family homes...
BUSINESS
January 20, 2010 | By Alejandro Lazo
Rock-bottom interest rates and stronger sales in higher-priced neighborhoods helped Southern California's housing market post robust gains in the typically sleepy month of December, new data show, and experts say the momentum is continuing -- ushering in an early start to the spring home-buying season. The median price paid for a Southland home rose 4% to $289,000 last month from December 2008, the first time the closely watched figure has posted a year-over-year gain since the region's real estate market took a nose dive 2 1/2 years ago, according to data released Tuesday by MDA DataQuick, a San Diego real estate research firm.
BUSINESS
January 13, 2010 | By E. Scott Reckard
Government officials have subpoenaed documents from 15 lenders whose Federal Housing Administration-backed loans have high default rates, including a failed Missouri bank that was owned by an Orange County financial firm. Many of the FHA-backed loans issued by the lenders went bad almost immediately, said Kenneth M. Donohue, inspector general for the Department of Housing and Urban Development, which includes the FHA. At a news conference Tuesday, he called the action a review that was not yet an investigation.
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