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Real Estate News

  • Mortgage rates fall to 20-month low, Freddie Mac says
    Mortgage rates fall to 20-month low, Freddie Mac says

    Fixed mortgage interest rates fell this week to their lowest level in more than 20 months, with Freddie Mac reporting that lenders were offering conventional 30-year loans at an average of 3.59%, down from 3.66% a week ago.

  • L.A.'s Broadway poised for a major revival
    L.A.'s Broadway poised for a major revival

    After Charles Lindbergh flew across the Atlantic in 1927, thousands gathered on Broadway to give the famed aviator a ticker tape parade. A similar throng hailed John F. Kennedy during the presidential campaign of 1960. For most of the 20th century, Broadway was Los Angeles' cultural center.

  • State pension funds look to recover more after S&P settlement
    State pension funds look to recover more after S&P settlement

    The nation's richest public pension fund was a big winner in the settlement with Standard & Poor's Financial Services over its ratings on mortgage-backed securities lawsuits.

  • Ashlee Simpson's former home among week's top sales in L.A.
    Ashlee Simpson's former home among week's top sales in L.A.

    A pair of 1920s estates, Ashlee Simpson’s onetime Encino residence and a Paul McClean-designed contemporary were among the most expensive sales in the greater Los Angeles area this last week.

  • S&P is expected to settle litigation over its role in financial crisis
    S&P is expected to settle litigation over its role in financial crisis

    In May 2004, as the U.S. housing market was heating up, Standard & Poor's Financial Services lost to a rival a huge deal to rate mortgage-backed securities to be issued by a major Japanese bank.

  • When lease expires, is tenant entitled to 30-day notice to vacate?
    When lease expires, is tenant entitled to 30-day notice to vacate?

    Question: My family has lived in an apartment for the last five years with no problems, but to our astonishment, we were just served with eviction papers. In the past, we signed a new lease every year. This year when our lease expired, we were told that management had decided not to offer us...

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  • Law aids renters who wish to grow edible plants
    Law aids renters who wish to grow edible plants

    Question: I rent a condo and have noticed several owners growing vegetables and herbs in planters at their front doors and balconies and those with single-family homes gardening in their backyards. Can I grow vegetables too, and how would I go about getting permission to do this?

  • Millennials are finally entering home-buying market
    Millennials are finally entering home-buying market

    Call them the prodigal millennials: Statistical measures and anecdotal reports suggest that young couples and singles in their late 20s and early 30s have begun making a belated entry into the home-buying market, pushed by mortgage rates in the mid-3% range, government efforts to ease credit...

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