california - Articles

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 »

In This California Home, You'll Never Be Bored in The Bedroom (House of the Day)

Tired of your boring, typical four-poster bed? Then this St. Helena, Calif., home might be for you: It boasts an open-air loggia with a hanging bed. That's right, this bed is suspended from the ceiling from what looks like several ropes. You'll never be bored in the bedroom again! Floating bed and "sleeping tower"... 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 »

Rihanna, 'Diamonds' Singer, Buys House for $12 Million in Pacific Palisades

Rihanna's smash hit "Diamonds" might be topping the music charts, but we're not sure the house she recently bought is as big of a winner. The powerhouse songstress plopped $12 million on a super-modern 11,000-square-foot mansion in Pacific Palisades, Calif., that honestly looks a little like an airport. Or a spaceship.... Continue Reading »

Kathryn Grayson's Former Home Allows You to Record in the Shower (House of the Day)

Once owned by opera singer and film star Kathryn Grayson, the famous "House of Rock" in Santa Monica, Calif., is looking to snag a mega-rich buyer with $22 million to burn. The six-bedroom, eight-bathroom estate is located in the swankiest of neighborhoods and has a rich history, aside from Grayson: A myriad of... Continue Reading »

California Law Bans Landlords From Requiring Declawed, 'Devoiced' Pets

California Gov. Jerry Brown signed into law a bill that prevents landlords from requiring tenants to have their pets' claws removed or vocal cords silenced. Landlords cannot reject tenants who refuse the surgeries to declaw or "devoice," and can't advertise in a way that discourages people whose pets have claws or vocal... Continue Reading »

Reese Witherspoon Lists Ojai Home for $10 Million

Even pregnancy isn't stopping Reese Witherspoon from being a player in the real estate game. The actress recently listed her retreat in Ojai, Calif., for $10 million. Besides being owned by Witherspoon, the "meditative and restorative" ranch is famous for being the temporary refuge of Robert Pattinson as he escaped the... Continue Reading »

California's Homeowner Bill of Rights: What We Can Learn

By Barry Paperno Last week, the California legislature passed the Homeowner Bill of Rights, a series of bills enacted to protect California homeowners during the mortgage modification and foreclosure process. This landmark law builds upon and extends reforms negotiated in the recent national mortgage settlement between... Continue Reading »

10 Best Cities for Your Social Life

If you hate staying home and wish you could go out every night of the week, then you might want to consider living in these cities. Coldwell Banker took a look at some of the trendiest places in the country and narrowed their list of the "Best Places to Live for Social Seekers" down to a hoppin' Top 10. The real estate... Continue Reading »

Eminent Domain a Worthy Fix for Troubled Mortgages?

By Christina Rexrode FONTANA, Calif. -- In the foreclosure-battered inland stretches of California, local government officials desperate for change are weighing a controversial but inventive way to fix troubled mortgages: Condemn them. Officials from San Bernardino County and two of its cities have formed a local agency... Continue Reading »

For 2nd Straight Month, More Homes Face Risk of Foreclosure

By Alex Veiga LOS ANGELES -- Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year, potentially weighing further on home values. June provided the latest evidence of this trend, as the number of U.S. homes... Continue Reading »

10 Best Housing Markets for First-Time Homebuyers

By Andrea V. Brambila As a group, first-time homebuyers are a bellwether of the real estate industry and the economy as a whole. "What helps a first-time homebuyer is having a job and a good income to buy a home -- having hope for the future," said Mark Fleming, chief economist for data aggregator CoreLogic. In order to... Continue Reading »

Malibu Homeowner DeeAnna Staats Turns House Sale Into a Hollywood Production

You might think the video above is the trailer for Hollywood's next big summer blockbuster. But it's actually the listing for one woman's $35 million Malibu house. DeeAnna Staats hired Hollywood movie director Graham Henman to shoot the three-minute film, called "The Spider and the Fly," with Hans Zimmer Studios (which... Continue Reading »

Look Out for That House! School's Wild Art Installation

This house didn't just fall out of the sky, but Korean artist Do Ho Suh might want you to think it did. On top of the University of California, San Diego's Jacobs School of Engineering building sits "Fallen Star," the newest art installation for UCSD's Stuart Collection. The 270-square-foot New England-style cottage... Continue Reading »

California's Biggest Landlord Bans Smoking in Apartments

First you couldn't smoke in your office. Then you couldn't smoke in restaurants or bars. Now your own apartment? The Towbes Group Inc., which owns 2,000 units in 13 apartment complexes in Santa Barbara, Calif., became the largest apartment group in the state to ban residential smoking. In January, a new California law... Continue Reading »

Solar Ready Roofs: California's New Homebuilding Standard

The California Energy Commission this week unanimously approved a new set of building guidelines that have some of the strongest energy efficiency standards in the nation. In addition to the more typical updated regulations regarding window insulation, lighting, and air-conditioning systems, the new guidelines will require... Continue Reading »

Colorado Says No to Foreclosure-Prevention Bill

Every Republican on a Colorado House committee voted no last week to a bill that was to provide housing counseling and foreclosure-prevention services to families trying to hold on to their homes; while at the nation's capital mortgage servicers agreed to do better by homeowners facing foreclosure across the nation. The... 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 »

All Cash Deals: Why Rich Homebuyers Don't Borrow

California has hit a record for buyers striking all cash deals for houses, particularly on the ultra-high end. Apparently, some 31 percent of all buyers in California paid cash -- and the higher up you go in the price category, the greater that percentage. For example, 62.2 percent of people buying homes worth at least $5... Continue Reading »

Cary Grant Lived Here

The late, great Cary Grant's historical Hollywood-esque Palm Springs, Calif., estate is up for sale at 928 North Avenida Palmas. The actor was probably the most charming man who ever lived -- tall, handsome, and charismatic. He was born Archibald Alexander Leach and drew record box-office crowds for almost 30 years. Grant... Continue Reading »

Ashton Kutcher Lists Bachelor Pad for $2.6M

It may be no surprise that social media-savvy Ashton Kutcher, who is a Twitter and Facebook addict, is using the Internet to cross-promote his Hollywood Hills home for sale and a nonprofit organization he and his wife, Demi Moore, founded. The $2.6 million listing of his 4-bedroom, 4.5-bathroom Beverly Hills-area former... Continue Reading »

The Captain &Tennille Sell at La Quinta

The Captain & Tennille have sold their resort home in La Quinta, Calif., for $660,000, reported the Realestalker. The home was last listed for $724,500. Seventies singing duo Toni Tennille and Daryl Dragon, pictured left, reduced the list price of the 4-bedroom home $525,000 from its original list price of around... 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 »

Place Named 'Awesometown' -- Awesome?

If you were to round up a group of silly adolescents, give them all the candy and soda they could ever desire and asked them to come up with a list of names for a utopian community, "Awesometown" would probably be near the top of that list. Newland Hall, a community planner in north Los Angeles County, didn't need the... Continue Reading »

Bedbug Killers Brainstorm at Chicago Conference

It is exterminator day for the Edelhart family. It's time to get rid of the bedbugs that have been infesting their home for weeks. "I have no idea how I got them," says Courtenay Edelhart, a single mother of two (pictured). "My best guess is they hitched a ride on the used clothes I buy on a regular basis. I shop a lot at... Continue Reading »

Buyers Want Out of Serial Killer's Former Home

No one told Anthony and Rita Bucklew that they were buying the former rental home (pictured at left) of a serial killer. Now the couple, who have teenage daughters, want out of the Colorado home where the murderer is believed to have killed his young female victims. They also want to bolster their state's seller-disclosure... Continue Reading »

Aaron Spelling's Mega-McMansion Listed for $150M -- a World Record?

Candy Spelling's 56,000-square-foot manor, listed at $150 million, just officially hit the Multiple Listing Service as the most expensive home on the market -- and not just in California, but reportedly worldwide. The 14-bedroom, 27-bath home, located at 594 S. Mapleton Drive in Holmby Hills, has been unofficially on the... Continue Reading »

Foreclosure Tours, Big Discounts Sell Homes in the Midwest

In vacation home meccas such as California, Florida and Las Vegas -- where foreclosure numbers soared during the housing meltdown -- real estate agents have been employing a new sales tactic: foreclosure bus tours. Next stop? Cincinnati. According to The Cincinnati Enquirer, the trend -- in which Realtors organize... Continue Reading »

Mortgage Fraud Suspects Indicted in California: How Could They Get Away With It?

"Operation Stolen Dreams" lands another alleged mortgage fraud conspirator this week. Nationwide, the feds have stepped up prosecution of mortgage and bank loan fraud. This time, it's a builder in Chico, Calif., who has been indicted for allegedly selling unsold new homes to non-existent or straw buyers, thereby scamming... Continue Reading »

Real Estate Fraud: Why Is It Becoming More Common?

Fraud, or at least charges of fraud, just keep on coming in the mortgage and real estate world, leaving homebuyers wondering where the oversight is. The criminal courts are getting busier, hearing cases against the employees and executives of the same companies that are supposed to be helping homebuyers. Why is there now... Continue Reading »

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