SoCal Homebuyer Needs $73K Raise to Buy a Typical House
The cost of buying a home in Southern California has increased significantly in the past couple of years, with families needing to earn much higher incomes to qualify for a mortgage.
Affordability rates for buying a home have decreased, with fewer households able to qualify due to rising prices and increased mortgage rates. [ more ]
To Buy a Home in SoCal, a Family Needs to Make $208K a Year
Home buyers in Southern California need over $200,000 yearly to buy a typical home, with affordability challenges increasing due to rising mortgage costs. [ more ]
Marcus & Millichap Multifamily Forum: Southern California 2024
The Marcus & Millichap Multifamily Forum: Southern California gathers multifamily investors, operators, developers to discuss investment, development, and management in apartment industries. Focus on rent control this year. [ more ]
Pace of Real Estate Hiring Slows Across Southern California
Sluggish home sales and construction in Southern California due to higher interest rates have led to a significant slowdown in real estate hiring. [ more ]
What are those odd-looking sea creatures washing up on California beaches?
Thousands of by-the-wind sailors, Velella velellas, known for their blue hues, were found dead on Southern California shores due to currents and winds. [ more ]
The Huntington Museum acquired a significant painting by Francisco de Goya, reflecting the institution's commitment to expanding its art collection. [ more ]
The rain's not over - a new storm is brewing for SoCal next week. How much rain could we get?
Southern California is anticipating another storm next week with rain amounts between 0.25 and 1 inch, potentially up to 3 inches.
Areas such as Topanga Canyon, Bel-Air, and La Cañada Flintridge have already received significant rainfall, causing issues like mudslides and fallen trees. [ more ]
A hearty beef stew with an L.A. touch to survive the spring
Spring in L.A. is characterized by dramatic weather swings but remains consistently chilly, making it perfect for soups like caldo de res.
Caldo de res or Mexican beef stew represents homeyness, remedy, and renewal, with variations found across different regions like Mexico, Central America, the Caribbean, and even Spain. [ more ]
Snapchat CEO Evan Spiegel Hopes To Make 2 Los Angeles Mansions Disappear
Spiegel is selling two of his Southern California homes, including his first purchase in Brentwood and a lavish compound in the same area.
The properties showcase different styles, from a charming Spanish-style home in a canyon to a luxurious 1951 estate designed by architect Gerard Colcord. [ more ]
How are atmospheric rivers affected by climate change?
A powerful atmospheric river has stalled over Southern California, causing flooding and record-breaking rainfall.
The intensity of recent atmospheric rivers is likely influenced by human-caused climate change, as warmer ocean temperatures and increased atmospheric moisture contribute to their formation. [ more ]
Larry H. Parker, auto accident and personal injury attorney, dies at 75
Larry H. Parker, a well-known Southern California personal injury attorney, has passed away at the age of 75.
Parker's firm, known for its iconic commercials, has represented over 100,000 clients and recovered $2 billion in compensation over the last five decades. [ more ]
Authorities investigate oily sheen off Southern California coast
Authorities are investigating a 2.5-mile oil sheen off the coast of Southern California, suspecting it to be a one-time discharge or natural seepage.
The sheen is not believed to be a crude spill, and officials are actively working to determine its cause, with no reports of leaks from offshore platforms. [ more ]
Triple Berry Cake Lovers Rejoice: Sweet Lady Jane Is Reopening All Locations Under New Ownership
Sweet Lady Jane, a popular bakery in Southern California, closed all locations in December 2023 but was purchased by Julie Ngu in February 2024 for reopening.
The new owner, Julie Ngu, plans to revive Sweet Lady Jane by reopening all six locations, including the iconic Triple Berry cake, a signature item of the bakery. [ more ]
High school basketball: Southern California Regional pairings
High school basketball regional pairings for boys and girls in Southern California are outlined. Games are scheduled at various locations and times across different divisions. [ more ]
Irvine Company Veteran and Bain Partner on SoCal Townhomes
Former Irvine Company executive, Chris Marsh, has partnered with Bain Capital Real Estate to build townhomes for millennial renters in Southern California.
The joint venture, called BCT Development, plans to build homes in Orange, Los Angeles, San Diego, Ventura, San Bernardino, and Riverside counties.
The townhomes will be targeted towards middle-income families and will offer amenities such as swimming pools and close proximity to schools and entertainment venues. [ more ]