Readers who see three YouTube videos on our front page this past week must be curious. Has The Americzan Reporter become tabloid? Is the editor out of his mind? There is a simple explanation, and it is a news-related one.
Rents and housing prices unaffordable to middle class in Los Angeles: The typical LA renter needs to earn $33 an hour just to afford a basic apartment. Last year there was a report highlighting that LA and Orange County ranked number one in being the bubbliest housing markets in the US.
Southern California's housing market fizzled in 2014 with sales falling 9 percent from a year earlier and price gains narrowing, CoreLogic DataQuick said Wednesday. December did bring some encouragement though, as sales of new and previously owned houses and condominiums rose 4 percent from a year earlier, the company said.
The median price of a home in Los Angeles County rose by 7 percent in December, compared with the same month a year ago, while the number of homes sold jumped by 3.5 percent, a real estate information service announced today. According to CoreLogic DataQuick , the median price of a Los Angeles County home was $460,000 last month, up from $430,000 in December 2013.
Tired of unfulfilled promises to redevelop Ports O' Call on San Pedro's waterfront, a group of real estate agents has banded together to form a new nonprofit advocacy group in hopes of putting more pressure on the port to get it done. The group contends the waterfront - especially Ports O' Call - is ultimately the linchpin to raising the status and economic well-being of the port town.
Rising home prices have helped the nation's homeowners by increasing equity and lifting more of them out of 'underwater' mortgage situations - where the combined loan amount owed is higher than the home's estimated market worth. According to a new report released today by RealtyTrac Inc., a California-based real estate data firm, the number of properties in the United States that were 'seriously underwater,' that is, where the loan amount owed is at least 25 percent higher than the home's market value, dropped to 13 percent at the end of 2014.
A multi-institutional research team of scientists led by the U.S. Department of Energy's Lawrence Berkley Laboratory, in partnership with Sandia National Laboratories, universities, and appraisers found that home buyers consistently have been willing to pay more for homes with host-owned solar photovoltaic energy systems - averaging about $4 per watt of PV installed - across various states, housing and PV markets, and home types. This equates to a premium of about $15,000 for a typical PV system.
California's regional housing markets ended the year with mixed results as statewide home sales inched up from a year ago for the first time in nearly a year and a half. According to a report by the California Association of Realtors, home sales were down on a statewide basis, with pockets of gains in sales activity, especially in Southern California and the Central Valley, where home sales were higher than the prior month and year.
Due to its high quality modern design and construction, Tuscany Ridge is an ideal candidate for a value-add repositioning strategy, says one source. TEMECULA, CA-GlobeSt.com has exclusively learned that San Diego-based MG Properties Group has purchased the Tuscany Ridge Apartments in Temecula, CA for $39 million.
California Attorney General Kamala Harris is working quickly in her bid for the U.S. Senate, already securing an endorsement from Sen. Elizabeth Warren of Massachusetts just one day after entering the race. Warren has quickly become a populist champion within the Democratic Party with her pointed criticism of Wall Street's influence in Washington.