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BUSINESS
January 24, 2010 | By Scott Marshutz
After spending 20 years of decorating huge multimillion-dollar homes, interior designer Ann Fraser decided it was time to apply her design expertise to her own home. She tore down a 1950s single-level home in the Newport Heights area of Newport Beach and in its place built a two-story that looks like a centuries-old plantation-style estate. Features that give it an aged look are numerous. Iron railings enclose an expansive balcony where Mexican pavers were installed upside down to make them look older.
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BUSINESS
December 18, 2009 | By Alejandro Lazo
California home prices and sales showed steady improvement during the typically slow month of November, fresh data released Thursday showed, with the San Francisco area outpacing Southern California. The state's median home price in November was $261,000, a 1.6% increase from the month before and up 1.2% from November 2008. The statewide year-over-year increase was the first since July 2007. The increase reflected an overall improvement in the housing market, with fewer foreclosures making up the total mix of homes for resale and an overall bounce back from the severely depressed prices seen in 2008, according to MDA DataQuick, a San Diego research firm that closely tracks California's housing market.
BUSINESS
February 14, 2010 | By Kenneth R. Harney
With all the bad news about underwater homeowners and strategic walkaways, you might think that U.S. homeowners' equity holdings are continuing to slide. But a little-publicized recent statistic on real estate is that home equity is again on the rise. Is that some piece of rosy propaganda put out by housing lobbyists to stimulate more home buying? Not unless you consider Federal Reserve economists to be shills for the real estate industry. The Fed conducts massive ongoing research into mortgage balances and home-value changes in hundreds of local markets around the country, and reports its findings quarterly.
BUSINESS
January 17, 2010
1557 Park Vista Way, No. 32, West Covina 91791 Listed for: $748,888 Size: Four bedrooms and three bathrooms in 2,362 square feet Lot size: 0.23 acre (9,969 square feet) Features: Built in 2009, the two-story house sits on a cul-de-sac and has a living-room fireplace, a deck, a balcony and a two-car garage. MLS ID: T09101655 2111 E. Casa Linda Drive, West Covina 91791 Listed for: $585,000 Size: Four bedrooms and three bathrooms in 1,898 square feet Lot size: 0.32 acre (14,070 square feet)
BUSINESS
October 18, 2009 | By Kenneth R. Harney
With Americans' credit scores plunging after record numbers of mortgage and credit card delinquencies, companies that promise quick fixes -- eliminating negative information in credit bureau files -- are proliferating, federal officials say. The pitches are especially attractive to home buyers and mortgage applicants because they offer a way to raise credit scores enough to get loan applications accepted, and even qualify for lower interest rates....
OPINION
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.
BUSINESS
February 19, 1991
Medical Properties Inc., an Encino real-estate investment trust with holdings in health care facilities, reported earnings of $423,000 for the quarter that ended Dec. 31, a 2% drop from the same quarter a year earlier. Revenues, mainly from rental properties, were $1.34 million for the quarter, down 1% from $1.36 million a year ago. For the year that ended Dec. 31, Medical Properties' earnings dropped 11% from 1989 levels, to $1.69 million from $1.895 million.
CALIFORNIA | LOCAL
September 19, 1991 | LESLIE EARNEST
A plan that would have restricted home sellers to only one sign to direct potential buyers to an open house appears to have crumbled after a lively crowd of about 40 realtors turned out to protest the ordinance at the City Council meeting Tuesday. The restriction, which would have permitted one for-sale sign on properties up for sale and a single open-house directional sign elsewhere, was endorsed by the Laguna Beach Beautification Council and recommended for approval by city staff.
CALIFORNIA | LOCAL
July 10, 1985 | DANIEL AKST, Times Staff Writer
A Westlake Village company founded by real estate author Albert J. Lowry to sell advice on how to make money now has $2.5 million in debts, few assets and the prospect of bankruptcy staring it in the face, company officials acknowledge. Success Development Institute Inc., which sells tapes and arranges seminars on how to profit from real estate, told its creditors in a letter dated July 1 that it has cash and property worth just $45,500.
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