by Greg Wasik | Jun 22, 2017 | Los Angeles Real Estate and Appraisal News
The Los Angeles County median hit $560,500 in May amid a persistent housing shortage and strong demand from buyers. According to a report released Wednesday from real estate firm CoreLogic, the county’s median price in May rose 6.8% from a year earlier to reach...
by Greg Wasik | May 30, 2017 | Los Angeles Real Estate and Appraisal News
.Three years ago, Los Angeles city officials demanded that builders halt work on a colossal mansion in the rarefied hills of Bel-Air. The massive home being erected on Strada Vecchia Road was bigger and taller than allowed, city prosecutors said. It also included...
by Greg Wasik | May 18, 2017 | Los Angeles Real Estate and Appraisal News
…A homeowner has filed suit against online realty giant Zillow, claiming the company’s controversial “Zestimate” tool repeatedly undervalued her home, creating a “tremendous road block” to its sale. The suit, which may be the first of its kind, was filed in Cook...
by Greg Wasik | May 16, 2017 | Los Angeles Real Estate and Appraisal News
…A mixed-use development that would be among the biggest in Hollywood history will face public scrutiny with the planned release Thursday of its draft environmental impact report. Dubbed Crossroads Hollywood, the project aims to freshen up the historic...
by Greg Wasik | May 15, 2017 | Los Angeles Real Estate and Appraisal News
…Homeowners are moving less, creating a drag on the economy, fewer commissions for real estate brokers and a brutally competitive market for first-time home shoppers who cannot find much for sale and are likely to be disappointed during real estate’s spring...
by Greg Wasik | May 6, 2017 | Los Angeles Real Estate and Appraisal News
…A luxury real estate developer in LA has just released a risque video to coincide with a $100 million listing hitting the market Thursday. Can sexy women in masks covered in gold body paint help sell one of the most expensive mansions in Beverly Hills,...
by Greg Wasik | Apr 28, 2017 | Los Angeles Real Estate and Appraisal News
The spring home buying market is busy this year and prices are rising, a result of too little supply and too much demand. ..bidding wars are common and prices are rising during the popular spring buying season. A report out Tuesday from CoreLogic shows the Southern...
by Greg Wasik | Apr 20, 2017 | Los Angeles Real Estate and Appraisal News
Los Angeles lawmakers voted Wednesday to stiffen city rules surrounding the demolition of rent-controlled apartments. But business groups have challenged whether the plan is fair — and whether it will stand up in court. Under a California law called the Ellis Act,...
by Greg Wasik | Mar 22, 2017 | Los Angeles Real Estate and Appraisal News
Southern California home prices jumped in February, posting the largest increase in more than a year, as buyers rushed to outbid one another for a meager selection of homes for sale. The six-county region’s median price for new and resale homes hit $460,000 last...
by Greg Wasik | Feb 24, 2017 | Los Angeles Real Estate and Appraisal News
…The high-end market may have been slow to develop in 2016, but it is already off to a brisk start this year. L.A. County has seen eight sales of $20 million or more through the first six weeks of 2017. Among them are two properties in Bel-Air that recently...
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