Real Estate News | Playa Vista and Westside Real Estate

Hot Property: Scarlett Johansson, Ryan Reynolds buy Los Feliz house for $2.9 million

9/4/2010 2:00 AM

The 1960s Buff & Hensman-designed Wong House has a pool, a walled garden and downtown and ocean views.....It seems as though actress Scarlett Johansson had no sooner sold her old place in the Hollywood Hills than she and her husband, actor Ryan Reynolds, closed on a house in Los Feliz for $2.9 million.

How to sue your homeowner association to get records or repairs

9/5/2010 2:00 AM

Question: I am fed up with my homeowners association and successive boards for sabotaging owner requests for records and refusing to fix maintenance problems in common areas that directly affect individual units. I believe I have no other choice than to sue the association and the boards. What are the steps I have to take?

Index of pending home sales rises 5.2%

9/2/2010 11:31 PM

July's increase from June in the National Assn. of Realtors' gauge for previously owned residences follows two straight months of declines and a report that sales of such homes dived 27.2%.....An index of home purchase contracts for previously owned dwellings unexpectedly increased 5.2% in July over June, the National Assn. of Realtors said T...Read More

Mortgage rates set new record lows, might hold steady next week

9/2/2010 11:30 PM

Treasury bond yields, which influence the home-loan rates, have surged since Tuesday.....Mortgage rates fell for the 10th time in 11 weeks, setting fresh record lows, Freddie Mac reported Thursday. But a rebound in Treasury yields in the last two days raises the possibility that home-loan interest costs won't fall again next week.

KB Home says SEC investigation over

9/2/2010 2:00 AM

The home builder's stock soars 11% after an announcement that there will be no action taken as result of an investigation into the company's accounting procedures.....Shares of Los Angeles-based KB Home soared on Wednesday after the home builder said an investigation by the Securities and Exchange Commission into the company's accounting and ...Read More

Home prices rise in June, but a drop may be looming

9/1/2010 2:00 AM

The Standard & Poor's/Case-Shiller index shows a modest 1% gain over May figures, with prices in Los Angeles, San Diego and San Francisco increasing. However, some experts predict that the expiration of federal tax credits will have a negative effect.....A closely watched national index showed Tuesday that home prices rose in June, the last m...Read More

Hot Property: Graham Nash is leaving Encino for Hawaii

8/28/2010 2:00 AM

Their house is a very, very, very fine house, to borrow Graham Nash's own lyrics.

8/29/2010 2:00 AM

The number of homes in the $1-million-and-up slice of the market that have become bank owned has tripled during the last three years in Los Angeles County, and the trend has shown little sign of slowing.....Foreclosure is blind.

8/29/2010 2:00 AM

A Santa Monica residence completed in 2008 was inspired by historic homes in Belgium. It boasts 17th century limestone floors, Belgian bluestone details, elaborate ironwork and refitted antique doors. ....This 2-year-old house inspired by the historic homes of Belgium feels as if it could be sitting in the countryside rather than in a Santa ...Read More

Fannie Mae says lenders must verify mortgage applicants' debt loads before closing

8/29/2010 2:00 AM

Despite earlier reports to the contrary, it turns out that your mortgage lender will not have to pull a second full credit report on you hours before closing on your home purchase or refinancing.