L.A. County settles PACE loan lawsuits; affected homeowners to receive millions
Under a $12-million settlement, L.A. County agreed to resolve allegations its PACE lending program saddled borrowers with loans they couldn’t afford….
Office tower planned for Hollywood gets new design and billion-dollar price tag
Hollywood real estate developer doubles down on plans for “the Star,” a proposed office tower on Sunset Boulevard, designed by Norman Foster, with a $1-billion price tag….
Crackdown on Airbnb and other short-term rentals likely coming to unincorporated L.A. County
The ordinance, five years in the making, would prohibit hosts to list second homes, accessory dwelling units or investment properties in unincorporated L.A. County. …
Realtor rules just changed dramatically. Here’s what buyers and sellers can expect
A landmark agreement is going to shake up how real estate deals are done. Here’s how the new rules will affect sellers, buyers and brokers….
A sign of the times: Tearing down an emptying OC office complex to build a warehouse
A perfectly good office complex is being demolished to make way for a warehouse-distribution center in Santa Ana….
California’s home insurer of last resort sees enrollment surge, raising concerns over its finances
California’s property insurer experiences enrollment surge, raising questions about its financial stability. …
Realtors agree to make commission changes in deal that could reduce costs for consumers
The National Assn. of Realtors said it will make changes to its commission rules in a deal that could reduce costs for consumers. …
Investors bought a historic Echo Park home. Sisters who have lived there since childhood are fighting to stay
The home was one of the first in Echo Park. Lupe Breard and her sister have lived there for decades. But since their mom died, the family estate and a developer have tried to evict them….
In Kern County, an abandoned church gets a second life as housing for former foster youths
In a novel bid to generate more affordable housing, Kern County is converting empty churches and blighted strip malls into apartment units for former foster youths at risk of homelessness. …
Inflation isn’t the real problem for the U.S. economy. The housing shortage is
The Federal Reserve is keeping interest rates high to tame price growth. But it’s a shortage of homes in California and nationwide that’s driving rising costs….