Latest Top (10) News

You need to make $131K a year to afford San Diego home, study says

San Diego was one of the least-affordable U.S. metro areas for buying a home in the second quarter, said a recently-released study from mortgage website HSH.

Potential buyers needed to make $130,986 a year to afford the median-priced single-family house.

Only two other metro areas were less affordable...

Mon, 20 Aug 2018 15:10:00 PDT

California Inc.: Hollywood hopes bad puppets bring box-office mojo

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week.

On Friday, we learned that California payrolls grew by 46,700 jobs in July as the unemployment...

Sun, 19 Aug 2018 05:00:00 PDT

Tinder’s Sean Rad swipes L.A. County’s most expensive sale in July

A tech entrepreneur’s high-dollar match, a real estate agent’s double-play and a former entertainment executive’s Westside exit were among the priciest real estate deals recorded last month in L.A. County. Here’s a closer look at July’s top sales.

$24 million — Hollywood Hills West

Real estate...

Fri, 17 Aug 2018 06:00:00 PDT

Hot Property Newsletter: The temperature is rising

It may be toasty in your neighborhood, but we’re just approaching the dog days of summer as far as the piping-hot real estate market is concerned. There will be a lot more escrows closing before the month is out. Among recent properties to move into the “sold” column are an actress’ Hidden Hills...

Sat, 11 Aug 2018 00:05:00 PDT

What a home sales slump could mean for professionals, buyers

San Diego home sales recently dropped to their lowest level in years, likely much more to do with affordability constraints than the economy, but it might be a sign of things to come.

In June there were 3,927 home sales in the county, CoreLogic said, which is the lowest in four years. However,...

Tue, 7 Aug 2018 12:10:00 PDT

Homeowners have more equity than ever but don’t want to tap it

Homeowners are sitting on a record amount of equity, but this time they’re stubbornly reluctant to borrow against it.

Strong home price appreciation has handed Americans more than $5.8 trillion of equity they could be tapping and aren’t, more than double the level in 2011, according to data provider...

Tue, 7 Aug 2018 04:00:00 PDT

Neighborhood Spotlight: Lawndale, true to its name, is a South Bay outlier

One of the endearingly ironic things about the Los Angeles area is that its place names often gesture toward the sylvan past, no matter how incongruous all of the “Gardens,” “Parks” and “Woods” strewn across the basin by real estate developers of yesteryear are to the realities of life in today’s...

Sat, 4 Aug 2018 05:00:00 PDT

Wells Fargo foreclosed on 400 people who may have had a chance to keep their homes

Wells Fargo & Co. foreclosed on 400 homeowners after improperly denying them loan modifications that could have allowed them to stay in their homes, the bank said in a regulatory filing Friday.

From 2010 to 2015, amid the recovery from the housing bust that caused millions of Americans to lose...

Fri, 3 Aug 2018 17:20:00 PDT

Wells Fargo to pay $2.09 billion to settle probe into crisis-era mortgage abuses

Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. investigation into its creation and sale of loans that contributed to the disaster.

The long-anticipated penalty, announced Wednesday, is in line with what some analysts...

Wed, 1 Aug 2018 14:20:00 PDT

San Diego home price increases continue to outpace nation

San Diego County home prices in May increased 7.3 percent in a year, faster than the nationwide average, said the S&P CoreLogic Case-Shiller Indices released Tuesday.

All the regions covered in the 20-city index experienced price increases, with San Diego near the top with the No.6 biggest increase...

Tue, 31 Jul 2018 14:25:00 PDT