california real estate - Articles

Jailed Mortgage Fraudster Maintains Grip on Victims' Homes

#fivemin-widget-blogsmith-image-178282{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-178282, #postcontentcontainer #fivemin-widget-blogsmith-image-178282{width:570px;height:411px;display:block;} Though tales of booming housing markets have pushed foreclosure horror stories out of the headlines,... Continue Reading »

Fewest Foreclosures in California Since 2005

AP SAN DIEGO -- California home foreclosure activity plummeted to an eight-year low in the fourth quarter as price gains left fewer owners owing more money than their properties were worth, a real estate research firm said Tuesday. There were 18,120 default notices filed on houses and condominiums from October through... Continue Reading »

Chinese Buyers Flood U.S. Housing Market

By Les Christie Flush with cash, Chinese homebuyers are flooding into the U.S. housing market, and paying top dollar. "The Chinese came out really huge in the past year," said Jonathan Miller of Miller Samuel, a New York-based appraiser. Chinese buyers accounted for 18 percent of the $68.2 billion that foreigners spent... Continue Reading »

Director Jules Stewart, aka Kristen Stewart's Mom, Buys Hollywood Home (House of the Day)

By Erika Riggs She may be a longtime script director in Hollywood, but as it often goes, the well-known in Tinsel Town aren't usually known for their careers but their connections. And Jules Stewart has the ultimate connection to the A-lister set: She's Kristen Stewart's mother. Being the "Twilight" star's mom means... Continue Reading »

Eclectic LA Estate Has Sushi Bar, Fire Station and Aviary (House of the Day)

Mauricio Umansky has held the listing for Michael Jackson's final home, sold Lisa Vanderpump's massive mansion as well as the Wehba Mansion for $34.5 million. So when he says that he's never seen a property quite like Marmont Manor, you know the home must be unusual. "This is the coolest property I've been at, from a... Continue Reading »

Crazy California 'Party Palace' Slashes Price by 66% (House of the Day)

By Rob Bear As of September 2010, this decadent 9,000-square-foot villa in the obscure Los Angeles suburb of La Habra Heights was asking an astonishing $21 million. After two long years on the market, the property was divided and the price chopped all the way down to $7 million. Worse yet, it still has yet to... Continue Reading »

Vince Vaughn Buys 'Mundane' California Home for $3.9 Million (House of the Day)

By Amy Schellenbaum Comedic actor Vince Vaughn ("Wedding Crashers," "Anchorman," "Dodgeball") has picked up what is perhaps Southern California's least offensive, unobtrusive and numbingly traditional house: a five-bedroom Colonial he bought for $3.925 million. Though once noted as one of the priciest listings in the... Continue Reading »

'Batman' Director Joel Schumacher Lists Mansion for $7.25 Million

Hollywood heavyweight Joel Schumacher, the director of the cult 1980s film "St. Elmo's Fire" and a trio of "Batman" movies, has just thrown his gorgeous California mansion at the foothills of Carpinteria on the market for $7.25 million. And we want it. Bad. Decked out in earthy and neutral tones and boasting wood-beamed... Continue Reading »

Is California's Wild Housing Market a Sign of a Bubble?

California is the comeback kid of the housing recovery. Though home prices are making annual gains not seen since 2006, The Golden State sticks out as one where they are on a startlingly dramatic swing upward. California prices have posted double-digit hikes on a year-over-year basis for eight consecutive months. In other... Continue Reading »

Huntington Beach Homebuyers Camp Out for Chance at New House

In a flashback to the kind of homebuying frenzy not seen since 2008, house hunters have pitched a line of tents in Huntington Beach, Calif., in the hope of buying a brand-new home. Around a dozen pre-qualified homebuyers have literally set up camp by the still-under-construction Brightwater Capri development in... Continue Reading »

California Wave House Is So Weird That It's Awesome (House of the Day)

By Erika Riggs Normally you wouldn't be able to hear the sound of waves in a home perched 60 feet above the beach, but the Wave House in Goleta, Calif., was engineered to not only look like a wave but to capture the sound as well. "You hear the waves pounding even though they are quite a ways away," said Montecito... Continue Reading »

LeAnn Rimes and Eddie Cibrian Buy Mansion in Hidden Hills, Calif.

By Erika Riggs The first person to break the news that LeAnn Rimes and Eddie Cibrian bought a new home? Cibrian's ex-wife and "Real Housewives of Beverly Hills" star Brandi Glanville, who tweeted about the couple's new "mansion" in early January. Rimes didn't respond on Twitter, but it turns out Glanville was right... Continue Reading »

Justin Bieber Paid $6.6 Million for Calabasas Mansion

By Julie Zeveloff After months of rumors and speculation, it's official: Justin Bieber paid $6.5 million for the mansion he recently bought in Calabasas, outside the city of Los Angeles, according to the Los Angeles Times. The 10,000-square-foot house sits on 1.3 acres and has seven bedrooms, a pool and a wine cellar... Continue Reading »

Home Prices in Silicon Valley: Hot, Hot, Hot

High-tech IPOs like LinkedIn's and the much-speculated-upon Facebook offering are driving up real estate prices in Silicon Valley to pre-bubble levels, reports Bloomberg News. Newly-minted millionaires -- and those who hope to be -- are flocking to the area, starting bidding wars at a time when the rest of California's... Continue Reading »

Real Estate Tough Sell: The Too-Custom Home

Not that long ago, pretty much the greatest status symbol you could own was a trophy house: a home so highly customized that it shouted to the world just how special you were. Today, those same indulgences--the rooftop pools, bathrooms without doors and rooms with see-through glass floors--are the white elephants of the... Continue Reading »

Jodie Foster Lists Beverly Hills Home for $10M

Jodie Foster just listed for $9.975 million her gorgeous, but quaint Beverly Hills, Calif., home. Don't listen to those bloggers here and there who are calling this 7-bedroom, 8-bath home a teardown or a fixer-upper just because the listing description says, "Build your dream estate on this lush park like setting." See the... Continue Reading »

Penelope Cruz and Javier Bardem Drop L.A. Home Price

Penelope Cruz and Javier Bardem are Hollywood's international "it' couple. But with a new baby, their housing needs are a-changing. Nikki Pepper at our sister site, ShelterPop, gives an inside look the couple's Los Angeles home, which they are trying to sell with the help of a price reduction. Hollywood hot couple... Continue Reading »

Ozzy Osbourne Lists Malibu Beach House at $10M

The Malibu beachfront house owned by Ozzy Osbourne and his wife, Sharon, is back on the market, this time for $10 million. Before anyone goes climbing any fences to try and steal a peek at the heavy metal legend and the missus, just know they don't actually live here. They bought this property in 2003 for $5.1 million and... Continue Reading »

Dr. Phil Home Sale Pending After $2.6 Million Drop

Shortly after Dr. Phil cut the price of his Beverly Hills, Calif., home a buyer has stepped forward, according to listing realtor Billy Dolan with Hilton & Highland. The home was first listed at $16.5 million in July then eight months later dropped to $13.899 million. The sale is still pending, so Dolan couldn't... Continue Reading »

Divorcing Melissa Gilbert and Bruce Boxleitner List Calif. Home

Melissa Gilbert and her actor husband Bruce Boxleitner are trying to sell their Tarzana, Calif., home while finalizing the details of their divorce after 16 years of marriage. They are asking $1.295 million for the 4,609-square-foot home, according to Realtor.com. Built in 1955, the 5-bedroom, 4½-bath ranch-style... Continue Reading »

Kevin Nealon Unloads Condo After Upgrade to New Home

Former Saturday Night Live cast member Kevin Nealon and his wife, Susan Yeagley, recently sold a two-bed, two-bath condo in the Los Angeles neighborhood of Studio City for $440,000, according to BlockShopper. The 1,230-square-foot third-floor penthouse in a 2007-built building has granite counter tops in the kitchen,... Continue Reading »

Is Your Home Earthquake Proof?

In the wake of last week's devastating earthquake and tsunami in Japan, prospective home buyers may be asking themselves what about a house makes it more able to weather a natural disaster. There isn't a huge difference in the way residential homes are built in Japan compared to in the U.S., although the Japanese are more... Continue Reading »

Christina Aguilera's Mansion Hits the Market for $13.5M

Christina Aguilera's latest real-estate saga is a good news-bad news story. On the upside, she no longer has to worry about not being able to unload her Midcentury Modern aerie in the Hollywood Hills, because she just moved back into it. The place has been on and off on the market since 2008, when she and then-hubby Jordan... Continue Reading »

New 'Real Housewives' Cast Member Facing Foreclosure

First Lynne Curtain gets evicted at the end of the last season, and now this. As fans of the Real Housewives of Orange County get to know the newest member of the franchise's original show, Peggy Tanous, pictured left, she might be more preoccupied with the fight to keep her Irvine home than her newly-found time in the... Continue Reading »

Adjustable Rate Mortgages: Time to Reconsider?

Mark Shapiro, owner of a public relations company in San Diego, went shopping last month for a mortgage to buy a house near Poway, Calif. Shapiro, pictured left, had every intention of following his mortgage broker's advice and choosing a 30-year fixed-rate mortgage. But then he looked at the difference between what he'd... Continue Reading »

Larry Ellison Buys Rancho Mirage Estate at Discount

Larry Ellison, the sixth-richest man in the world, co-founder and CEO of Oracle Corporation -- a veteran home collector -- just got a deal on one of the most significant and notorious properties in the country. In late January, Ellison snagged an 249-acre estate that once belonged to Edra Blixseth called Porcupine Creek... Continue Reading »

Housing Market Wavers From Bad to Good

The housing market seems only to get worse these days. Or is it actually improving? The current indicators are often confusing. Joseph Lazzaro of our sister site, DailyFinance.com, sorts through the contradictory housing data to explain what's really going on. The latest U.S. housing data contain both disappointing and... Continue Reading »

Foreclosure Guru Takes Own Advice

When the foreclosure guru founder of Foreclosures.com fell behind in her mortgage payments and found herself to be hurtling down the road toward foreclosure, she did what any American would: She weighed her alternatives. "I am like any other person [facing] something most of America has gone through or is going through as... Continue Reading »

'Mortgage Fraud Factory' Whirs Down With 10 Arrests

Federal authorities called Crisp & Cole Real Estate a "full-service mortgage fraud factory" at a press conference on Friday when the 56-count indictment was unsealed. Indeed, people will spend years recovering from the financial damage caused by Crisp & Cole Real Estate, whose owners were arrested Thursday on... Continue Reading »

Jenny Craig Goes On A Real Estate Diet

Jenny Craig, queen of diet plans and weight management systems, seems to have put herself on a real estate diet, listing her Rancho Sante Fe, Calif., ranch house for $8.9 million. The new listing comes shortly after Craig, 78, put her next-door thoroughbred race horse training farm on the market for $29.9 million. As... Continue Reading »

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