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Los Angeles Area Real Estate News

Nearly one-third of U.S. homeowners have no mortgage

Nearly one-third of U.S. homeowners have no mortgage

What mortgage meltdown?

Freddie Mac: 30-year mortgage rate hits 3.4%, highest in 8 weeks

Freddie Mac: 30-year mortgage rate hits 3.4%, highest in 8 weeks

With employment improving and the fiscal cliff averted, fixed mortgage rates have jumped to their highest level in two months, with...

Consumer bureau to unveil new mortgage standards

Consumer bureau to unveil new mortgage standards

In sweeping new rules aimed at fixing the home lending market, the Consumer Financial Protection Bureau on Thursday will define a "qualified...

Short sales in California surpass sales of foreclosed homes

Short sales in California surpass sales of foreclosed homes

When housing prices first went off the cliff, most mortgage lenders refused to cut deals with homeowners, choosing instead to repossess...

2012 a banner year for housing affordability, industry group says

2012 a banner year for housing affordability, industry group says

Last year was probably one of the most affordable years ever to buy a house as prices bottomed and mortgage interest rates hit record lows.

Madonna lists Beverly Hills mansion for $22.5 million

Madonna lists Beverly Hills mansion for $22.5 million

Madonna has put her mansion in Beverly Hills up for sale in the Multiple Listing Service at $22.5 million.

Matt Damon pays $15 million for Pacific Palisades manse

Matt Damon pays $15 million for Pacific Palisades manse

Actor Matt Damon may have been a neighbor to "Good Will Hunting" pal Ben Affleck for several months now, but his purchase of an...

Frank Gehry-designed Schnabel House in Brentwood sells for $9.5 million

Frank Gehry-designed Schnabel House in Brentwood sells for $9.5 million

The Frank Gehry-designed Schnabel House in Brentwood has sold for $9.5 million.

Billionaire Howard Marks' Malibu estate sells in the $75-million range

Topping any L.A. area home sales last year, a 9.5-acre estate in Malibu owned by billionaire Howard Marks and his wife, Nancy,...

Banks, regulators reach mortgage settlements

Banks, regulators reach mortgage settlements

In two of the biggest civil settlements since the financial crisis, the nation's biggest banks agreed Monday to cough up nearly $19...

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