Real Estate

Real Estate, a category that contains news about some few things such as buying, selling and rent real estate as well as the market and trends in the industry

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L.A. City Council committee approves sweeping housing rezoning plan

A key Los Angeles city council committee signed off on a sweeping rezoning plan Tuesday that would focus new market rate and affordable housing on commercial corridors and in existing dense residential neighborhoods. The effort is in response to state housing mandates that seek to alleviate the housing crisis by requiring the city find land […]

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Trump takes a hard line on homelessness. Why L.A. Mayor Karen Bass hopes to find common ground

WASHINGTON —  President-elect Donald Trump has promised to arrest thousands of homeless people sleeping in American streets and move them to large tent cities on “inexpensive land,” one of several planks of his agenda that would upend a national strategy that focuses on finding people housing on a voluntary basis. “We will use every tool, lever

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Fresno has a homeless problem. So why are its leaders rejecting state-funded housing?

FRESNO —  Dez Martinez greeted the homeless dwellers of Santa Clara Street on a recent October afternoon with open arms and a warm smile. As she walked through Fresno’s version of Skid Row, homeless residents waved in greeting from the tents and tarps lining both sides of the street. “I need help,” one man told her

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Housing tracker: Southland home price growth shows signs of slowing

Southern California home prices dipped in October for the third straight month, but values remain near all-time highs and unaffordable for most households. The average home price in the six-county region was $864,586 last month, down 0.4% from September and 1% below the record reached in July, according to data from Zillow. Though prices have

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An affordable housing complex for Hollywood workers grapples with tenant complaints

Dozens of tenants at an affordable housing complex for arts and entertainment workers are in rebellion amid a dispute over a rent increase and other alleged issues at the Hollywood property. A group of residents at the Hollywood Arts Collective released a statement Thursday accusing Thomas Safran & Associates, the property management company, and the

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How the second Trump administration could impact the housing market

Across Southern California, and for that matter much of the country, housing is unaffordable for many, whether someone is trying to buy a house or rent an apartment. Voter concern over the nation’s cost of living, including housing, appears to have played a big role in returning Donald Trump to the White House. Now, can

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Los Angeles rezoning plan won't spur enough new housing, report finds

A soon-to-be-voted-on plan to rezone the city of Los Angeles will fall far short of its homebuilding goal, according to a new analysis from UCLA researchers. Under state laws designed to remedy a housing shortage, the city has to set aside land for the construction of 250,000 more homes than allowed through existing zoning rules.

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Black and Latino families reach tentative settlement with Palm Springs over razed homes

The Black and Latino families whose Palm Springs homes were razed and burned in a brutal urban renewal project in the 1950s and 1960s have tentatively agreed to a $5.9 million settlement, the city announced Wednesday. Decades after city employees and the Fire Department destroyed an estimated 197 homes on tribal land in downtown Palm

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L.A. County voters agreed to another tax to reduce homelessness. Let's make sure it does

Los Angeles County got a gift from voters: They passed Measure A, a half-cent-per-dollar sales tax that will provide a billion dollars a year for services and housing for homeless people. Providing the help that homeless people need is a difficult, long and expensive task, and residents clearly still believe in that mission. But they

L.A. County voters agreed to another tax to reduce homelessness. Let's make sure it does Read More »

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Could L.A.’s rezoning plan to boost housing supply cause more tenant displacement?

Sandra Sanchez described the headaches as strong. They come on when she starts thinking where she, her husband and two sons will live. In order to build a larger apartment complex, her landlord plans to demolish the six-unit bungalow court in South Los Angeles that the family has called home for decades. With her husband

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