U.S. property taxes on single-family homes rose twice as fast in 2023 as they did in 2022, with a total of $363.3 billion levied compared to $339.8 billion one year earlier. This... Read more »
Ocwen Financial Corp., the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp., announced on Wednesday that it is undergoing a rebranding effort and will be... Read more »
Los Angeles’ burden The taxes were supposed to be a boon for the city of Los Angeles. With a pumping luxury market and frequent commercial sales over $5 million, adding city transfer... Read more »
One year ago, Los Angeles’ “mansion tax” took effect. It has either been a godsend or an absolute disaster, depending on who you ask. The transfer tax, formally known as Measure ULA,... Read more »
A full-floor unit at Wilshire House has traded in the priciest condo deal in Los Angeles County so far this year, The Real Deal has learned. The property, Unit 20C at the... Read more »
2023 was a consequential year for real estate. The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. According to Altos Research, 2023 inventory bottomed... Read more »
Today’s existing home sales report was a massive beat, similar to what happened last year in this month. Will this mark the high point for sales this year like it did in... Read more »
WASHINGTON, D.C—Existing-home sales surged 9.5% in February to a seasonally adjusted annual rate of 4.38 million, the largest monthly increase since February 2023. Sales declined 3.3% from the previous year. The median... Read more »
Investors Mark Cirlin and Man Li-Yeh have parted with a Malibu estate for $38.45 million, marking the priciest home sale in Los Angeles County so far this year. The property, at 33740... Read more »
Los Angeles apartment rents, which fell for four months at the end of last year, have rebounded. Average asking rents in Los Angeles rose 0.4 percent on a per-square-foot basis in February,... Read more »